Posted inHead To Head

HEAD-TO-HEAD: Fidelity versus Mirae Asset

FSA compares two Asia (ex-Japan) products: the Fidelity Asia Focus Fund and the Mirae Asset Asia Sector Leader Equity Fund.
by Francis Nikolai Acosta

123456

Fees

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.”

123456

Related Stories

FSA SPY

The FSA Spy market buzz – 22 November 2024

Dimensional excludes the Middle Kingdom; JP Morgan’s optimistic outlook; Household wealth is rocketing; Schroders is thinking about privates; Ninety One’s pithy AI; German woes and much more.

Part of the Mark Allen Group.