The FSA Spy market buzz – 6 September 2024
Machine learning Chinese investment, BlackRock’s AI patience, Time Magazine’s AI cover, happier staff equal better returns, do wealth managers add value? sexy legs and much more.
The Pimco fund’s clean share ongoing charge (OCF) is 81 basis points (bps), which Dobrescu described as significantly above normal for the sector.
“That’s disappointing, particularly given the large volume of assets managed by Pimco, which could clearly do more to pass its economies of scale down to investors,” she said.
The median for the fund category is 60bps, which the Blackrock OCF also exceeds – although the premium is less egregious. It charges 63bps, “which should be lower given the size of the fund and the much lower charges made by ETFs and passive funds with similar portfolios,” said Dobrescu.
Machine learning Chinese investment, BlackRock’s AI patience, Time Magazine’s AI cover, happier staff equal better returns, do wealth managers add value? sexy legs and much more.
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