The FSA Spy market buzz – 24 March 2023
Bitcoin rolling futures, new fund pricing models gather pace, greenbleaching, sustainable bonds (not), thematic investing at the top; consultant jokes, Munger’s wisdom and much more.
The Fidelity fund’s clean share class has ongoing charges (OCF) of 1.08%, while the Mirae fund’s clean share class OCF is 0.98%.
Both are competitively priced when compared to their peers, according to Daniels. The peer median OCF for the clean share class is 1.1%.
Turning to the retail share classes, the Fidelity fund’s OCF is 1.93%, while the Mirae fund’s OCF is 1.73%. The Fidelity fund is more expensive than its peers, with the peer median OCF at 1.83%.
Daniels believes that Fidelity’s higher fees are justifiable, given that the fund has been consistent with its process and performance.
“That said, we think they could rather do a better job of sharing economies of scale with investors and we hope that they will start doing that.”
Bitcoin rolling futures, new fund pricing models gather pace, greenbleaching, sustainable bonds (not), thematic investing at the top; consultant jokes, Munger’s wisdom and much more.
Part of Mark Allen.