The FSA Spy market buzz – 26 July 2024
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The Fidelity fund’s ongoing charge (OCF) is 1.4% which is slightly higher than the 1.38% median for Asian high yield funds, but is justified by its access to the firm’s global resources, Ng said.
Haitong’s 1.17% OCF is perhaps “surprisingly low”, said Ng, because fixed costs are proportionally higher for a smaller fund.
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