The FSA Spy market buzz – 3 May 2024
Catholic principles investment, Brown Advisory and ESG, Robotics and automation fun, China’s little bounce, Frontier investing excitement, Zero downside in wonderland, Bambu’s demise and much more.
Apart from fund performances, it is also critical to assess expenses as they come directly out of returns.
The retail share class of the Pictet fund has an ongoing charge of 2%, while the Brown Advisory fund is slightly cheaper at 1.62%, according to the fund factsheets.
Commenting on the Pictet fund, Morningstar’s quantitative rating report, the share class’ “unattractive fee” lands in the costliest quintile of its Morningstar Category, and is not competitive in generating positive alpha versus its category benchmark.
Annual fees charged by the 102 actively managed funds authorised for sale to Hong Kong and Singapore retail investors that are categorised by FE Fundinfo as “international mixed-assets” differ widely. They range from as low as 0.62% to as high as 4.51%, with a median ongoing charges figure of 1.76%
Catholic principles investment, Brown Advisory and ESG, Robotics and automation fun, China’s little bounce, Frontier investing excitement, Zero downside in wonderland, Bambu’s demise and much more.
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