The FSA Spy market buzz – 28 March 2025
JP Morgan Asset Management gets enhanced; Thailand wants some leverage; Natxis is surveying the world; A billionaire here, another there; Business social media lunacy; Andrew Carnegie’s wisdom and more.
HEAD-TO-HEAD: Aberdeen Standard versus BNY Mellon
FSA compares two global equity products: the Aberdeen Standard Sicav I World Equity Fund and the BNY Mellon Long Term Global Equity Fund.
Fees
There are 108 actively-managed funds in the international equity category available to Hong Kong and/or Singapore retail investors, and their ongoing charges figure (OCF) ranges from 0.25% to 2.56%, with a median 1.80%
The BNY Mellon fund’s 2.11% OCF is towards the top of the range, while ASI’s 1.69% OCF is slightly below average, according to FE Fundinfo.
“Neither fund is especially cheap,” said Poole.
“The ASI product’s recent performance perhaps raises questions about the fee it charges,” he said.
“Although the BNY Mellon’s fund is expensive, the OCF might be justified by the fund’s consistent ability to generate long-term alpha. You get what you pay for,” he added.
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