The FSA Spy market buzz – 16 May 2025
Playing monopoly with ETFs; Eastspring is worrying about loss aversion; Family office explosion; SGX wants more action; The Fear and Greed Index; Retail investors plough on; Deepfake fraud and much more.
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.
Playing monopoly with ETFs; Eastspring is worrying about loss aversion; Family office explosion; SGX wants more action; The Fear and Greed Index; Retail investors plough on; Deepfake fraud and much more.
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