The FSA Spy market buzz – 13 December 2024
M&G’s positive outlook; Wisdom from Schroders’s podcast; Alliance Bernstein on the power of curiosity; Janus Henderson on responsible AI; China’s retirement revolution; Apple and much more.
HEAD-TO-HEAD: Blackrock vs Fidelity
FSA compares the BGF Global Multi-Asset Income Fund and the Fidelity Global Multi-Asset Income Fund.
Fees
The Blackrock fund’s clean share class has ongoing charges (OCF) of 0.85%, while the Fidelity fund’s OCF is 1%.
The Blackrock fund is in the least expensive quintile of clean share classes in the category, while the Fidelity fund is close to the average, according to Mottola. The peer median OCF is 1.03%.
However, the opposite is true for the fund’s retail share classes.
The Blackrock fund’s retail share class OCF is 1.74% and for Fidelity it is 1.68%, according to data from FE Analytics. The retail share class median for global mutli asset funds is 1.755%.
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