The FSA Spy market buzz – 22 November 2024
Dimensional excludes the Middle Kingdom; JP Morgan’s optimistic outlook; Household wealth is rocketing; Schroders is thinking about privates; Ninety One’s pithy AI; German woes and much more.
HEAD-TO-HEAD: Blackrock versus Church House
FSA compares two absolute return products: the Blackrock UK Absolute Alpha Fund and the SVS Church House Tenax Absolute Return Strategies Fund.
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.
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