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.
Fees
China actively managed equity-heavy funds (those with more than 70% assets in equities) do not have much fee differentiation, according to Morningstar. Both funds reviewed charge a management fee of 1.5% per annum and a custodian fee of 0.25%, which is in line with the standard fee structure and level for most China-domiciled, actively managed equity-heavy funds.
The total expense ratio of China Universal Value Selected in 2020 was 1.75%, which was slighter cheaper than E Fund Kexiang’s 1.76%. “From a peer relative perspective, both products are competitive in terms of price, which sits on the fourth quartile among their aggressive allocation large-cap growth peers,” said Qu.
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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