The FSA Spy market buzz – 8 December 2023
White Wolf’s PE howl, What’s in a (fund) name? Growth versus value – again, Wall Street makes its predictions, BlackRock joins the Gen AI trend, Pity Walmart, Albert’s genius, advertising and much more.
HEAD-TO-HEAD: Fidelity versus Income Partners
FSA compares two Asia high-yield products: Fidelity Funds – Asia High Yield A and Income Partners Managed Volatility High Yield Bond Fund
Fees
Income Partners is the more expensive of the two funds, charging 1.73% compared with 1.36% for Fidelity.
“Generally, fees are high in this asset class in Asia but also globally. This is a challenging market with a good opportunity to deliver alpha across a range of markets, where information is relatively harder to obtain and interpret. Income Partners has a particularly high fee but has generated some alpha over time,” said Poole.
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