The FSA Spy market buzz – 3 May 2024
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The HSBC fund has ongoing charges (OCF) of 1.44%, while the Fidelity fund’s OCF is 1.40%. Both fees are lower than the average when compared to peer funds in the region.
According to FE data, the average OCF of the sector is 2.01%. The data is based on seven Asia high yield funds which have made their OCF available on FE’s database.
Ng said that the OCF for both the HSBC and Fidelity funds are reasonable, especially when compared to the sector averages of the global high yield funds (1.67%) and Asia-Pacific bond funds (1.60%).
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