The FSA Spy market buzz – 26 April 2024
Golden mystery, Next big Healthtech thing, Plastic everywhere, The Magnificent Seven wane, Dreary fund presentation hell, Putting The Economist in its place, A touch of Shakespeare and much more.
The AB fund has the uncomfortable distinction of charging the highest fees in the sector. Its OCF of 2.48% seems excessive “for such a short duration fund mainly invested in low-risk government securities”, said Ng.
The fund’s consistent underperformance against its benchmark and its five calendar years of negative annual returns also suggest that a reduction in its fees would be appropriate.
The Fidelity fund’s ongoing charge (OCF) is 1.06%, which is comfortably below the 1.19% median charged in the US dollar bond sector, but still well above several funds with similar allocation weightings to US Treasuries.
Golden mystery, Next big Healthtech thing, Plastic everywhere, The Magnificent Seven wane, Dreary fund presentation hell, Putting The Economist in its place, A touch of Shakespeare and much more.
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