The FSA Spy market buzz – 6 September 2024
Machine learning Chinese investment, BlackRock’s AI patience, Time Magazine’s AI cover, happier staff equal better returns, do wealth managers add value? sexy legs and much more.
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 figure (OCF) for the retail share class of the Fidelity fund is 1.89%, which is close to the Hong Kong / Singapore share class median for the international equity sector, according to FE Fundinfo data.
Morningstar believes that it will be able to deliver positive alpha relative to the category benchmark index, explaining its analyst rating of silver..
The OCF for the Ninety One fund is 1.90%, also around the median for the international equity sector, according to FE Fundinfo. Morningstar assigns it an analyst rating of bronze.
“Based on prospectus fees, the clean share classes on both funds could be a little cheaper, but both are broadly competitive with similar global equity Luxembourg-domiciled funds,” said Parekh.
Machine learning Chinese investment, BlackRock’s AI patience, Time Magazine’s AI cover, happier staff equal better returns, do wealth managers add value? sexy legs and much more.
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