The FSA Spy market buzz – 11 April 2025
Lazard actively looks at Next Gen; Goldman Sachs loves active in small places; Janus Henderson is reassuring; Private equity’s overflowing war chest; Jevons Paradox; Hamlet’s wisdom and much more.
HEAD-TO-HEAD: Blackrock versus Capital Group
FSA compares two multi asset products: the Blackrock ESG Multi Asset Fund and the Capital Group Global Allocation Fund.
FEES
Fund research firm Morningstar pays a lot of attention to management charges and expenses, and last year started differentiating it ratings of the individual share classes of each product. Share classes that charge excessive fees are now typically assigned lower ratings.
The Capital Group fund charges 1.65%, which is slightly above the median fee of the retail share class in its moderate category, which is 1.60%, according to FE Fundinfo
The ongoing charges figure for the Blackrock fund is 1.46%, “giving it a notable edge from the get-go,” said Möttölä.
“Yet, neither of them is expensive in the context of their categories,” he said.
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