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 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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