Posted inHead To Head

HEAD-TO-HEAD: First State versus Templeton

FSA compares the First State Asian Equity Plus Fund and the Templeton Asia Growth Fund.
by Francis Nikolai Acosta

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Fees

The First State fund’s ongoing charge (OCF) is 1.51%, and the Templeton fund’s OCF is 2.21%.

The First State fund is competitively priced compared to its Asia-Pacific (ex-Japan) peers, while the Templeton fund is more expensive, according to FE data. The category median OCF is 1.9%.

Poole believes that the Templeton fund’s fees can be pushed down below 2%.

“Our view is that a fee above 2% should be pushed lower in line with what the market is offering. I think you need to be delivering significant alpha for a fee above 2%. That’s starting to put it in line with some hedge funds,” he said.

 

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