The FSA Spy market buzz – 10 May 2024
BNP Paribas AM hires, Nordea AM loses, Fund failures galore, PIMCO’s AI wariness, Manulife’s goes Robo-AI, The buyback march, Apple’s mistake and much more.
Allianz Greater China Dynamic carries a 0.95% annual charge on its distributing share class and 2.25% on the accumulation side, while NB China Equity’s per annum fees range between 1.1% and 1.85% across its share classes.
Husselbee said: “The fees for both Asian and emerging market funds remain at a premium to the developed market orientated offerings. These are less efficient markets which creates greater volatility and as such a wider dispersion of returns with these fund sectors.
“Whilst this equation remains consistent there will be very little pressure on fee reduction.”
BNP Paribas AM hires, Nordea AM loses, Fund failures galore, PIMCO’s AI wariness, Manulife’s goes Robo-AI, The buyback march, Apple’s mistake and much more.
Part of the Mark Allen Group.