The FSA Spy market buzz – 22 March 2024
AllianzGI on China stewardship, Death of the mutual fund, W’s top financial centres, Schroders on Japan, Swiss cuts and Japanese hikes, Reddit, Book wisdom and more.
Fees
The ongoing charges figure for the retail share class of the BNY Mellon fund is 1.63%, cheaper than the 1.81% OCF of the JP Morgan product.
“The JP Morgan fund is quite expensive, in fact too high in my view and this is detracting from performance,” said McDermott.
Nevertheless, the median fee charged in the international equity fund category, comprising 135 actively-managed funds authorised for sale to Hong Kong and/or Singapore retail investors is 1.84%, so perhaps he is being a little harsh.
AllianzGI on China stewardship, Death of the mutual fund, W’s top financial centres, Schroders on Japan, Swiss cuts and Japanese hikes, Reddit, Book wisdom and more.
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