The FSA Spy market buzz – 3 May 2024
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Fund research firm Morningstar pays a lot of attention to management charges and expenses, and share classes that charge excessive fees are typically assigned lower ratings.
The ongoing charges fee (OCF) for the Hong Kong retail share class of the Fidelity fund is 1.89%, which is in its Morningstar category’s middle quintile. Morningstar thinks it is unlikely that the share class will be able to deliver positive alpha relative to the category benchmark index, explaining its analyst rating of neutral.
The OCF for the Loomis Sayles fund is lower at 1.75%, but still in its Morningstar category’s middle quintile. However, Morningstar believes that it will be able to deliver positive alpha relative to the category benchmark index, explaining its analyst rating of silver.
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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