The FSA Spy market buzz – 24 March 2023
Bitcoin rolling futures, new fund pricing models gather pace, greenbleaching, sustainable bonds (not), thematic investing at the top; consultant jokes, Munger’s wisdom and much more.
Although the fees charged by both funds “could be considered quite high, I’m not particularly concerned about them because the risk-reward ratios [as measured by the information ratio] of each fund is compensation,” said Cheung.
The retail share class ongoing charges figure for the Axa fund is 1.26% and 1.3% for the Jupiter product
There are only about 15 funds with similar emerging markets short duration mandates, which perhaps enables the managers to charge a little extra, according to Cheung. The median fee is 1.5% for this sub-sector of the emerging market bond category.
Part of Mark Allen.