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 Fidelity
FSA compares two global financial equity products: the BGF World Financials Fund and the Fidelity Global Financial Services Fund.
Fees
The Blackrock fund has ongoing charges (OCF) of 1.83%, while the Fidelity fund’s OCF is 1.91%, according to data from FE Fundinfo.
In Hong Kong, the Blackrock fund’s fees are in-line with the market, while the Fidelity fund is the most expensive. The peer median of the six SFC-authorised actively managed global financial funds in Hong Kong is 1.84%, according to FE Fundinfo.
In Singapore, both products are more expensive than their peers. The median OCF of 15 global financial funds available to accredited investors in the Lion City is 1.71%, FE Fundinfo data shows.
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