The FSA Spy market buzz – 19 April 2024
Doom and gloom on China, Peaks and troughs from First Sentier, Ninety-One looks at failure, Lombard Odier’s good news, Corporate jargon hell, Visit cheap Japan and much more.
The ongoing charges (OCF) of the Axa fund’s clean share class is 1.16%, while the Fidelity product’s OCF is 1.94%.
Both funds are more expensive than their peers, according to Van Genderen. The peer median OCF for the clean share class of global real estate funds is 0.98%, he said.
For the retail share classes in Hong Kong, the Axa fund’s OCF is 2.02%, while the Fidelity product’s OCF is 1.94%. The OCF peer median of SFC-authorised real estate funds is 1.94%.
Van Genderen believes that both products should lower their fees to make them more attractive to investors.
“The global property market is already a very difficult market to beat. So the lower the cost, the easier it will be for fund managers to outperform the benchmark,” he said.
Doom and gloom on China, Peaks and troughs from First Sentier, Ninety-One looks at failure, Lombard Odier’s good news, Corporate jargon hell, Visit cheap Japan and much more.
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