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
The Blackrock UK Absolute Alpha fund has an ongoing charges figure (OCF) of 0.92%, but levies a 20% performance fee, according to McDermott – although he is doubtful about how often the threshold is met to trigger the performance fee.
The OCF of the Church House fund is 0.84%, which is around the median for the sector.
“Both fees are competitive,” he said.
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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