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.
Fees
Management fees and other expenses charged by funds are important because they have a direct impact on returns for investors.
The Alquity fund is the more expensive with an ongoing charges figure (OCF) of 3% on the Hong Kong registered share class (which includes adviser commission).
“But there is a ‘clean’ share class available in Singapore which has an OCF of 1.9%,” McDermott said.
“It is also important to note that the business donates 10% of revenues to high impact projects in the regions its funds invest through the Alquity Foundation, which has awarded over $2m to help transform lives.”
The Fidelity fund has OCF of 1.93%, which is around the median for the India equity funds available to Hong Kong retail investors, according to FE Fundinfo data.
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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