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.
Both funds demand fees that are higher than the sector median of 1.80% The Fidelity fund has an ongoing charges figure (OCF) of 1.95%, and the OCF for the Invesco fund is 1.94%.
“Neither product is particularly cheap – but sometimes it is worth paying a bit more for a product as it is the returns after charges have been taken out which are important. That said, it would be nice to see the costs fall for investors as the assets under management for each fund rises and to see the economies of scale passed on to the underlying investors,” said McDermott.
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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