The FSA Spy market buzz – 6 September 2024
Machine learning Chinese investment, BlackRock’s AI patience, Time Magazine’s AI cover, happier staff equal better returns, do wealth managers add value? sexy legs and much more.
Fees
The clean share class ongoing charges figures (OCF) of the Alllianz and Invesco funds are both 0.94%, which is appropriate for the asset class, according to McDermott.
Investing in China’s markets tends to be more expensive than in other equity markets and requires greater research resources.
The median OCF for China equity funds authorised for sale to retail investors in Hong Kong and/or Singapore is 1.97%, according to FE Fundinfo.
Therefore, a 2.30% OCF for the Allianz fund is high relative to its sector, although some funds in the category charge in the range of 3.5-4%.
The Invesco fund is not available to retail investors in the region, but the firm’s China Focus Equity Fund, also managed by Shiao and Kuo and with a similar portfolio, charges 2.85%.
Machine learning Chinese investment, BlackRock’s AI patience, Time Magazine’s AI cover, happier staff equal better returns, do wealth managers add value? sexy legs and much more.
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