The FSA Spy market buzz – 6 June 2025
Animal spirits run wild; Franklin Templeton is taking credit; EM banking revolution; Not all luxury is equal; Death of search and the AI machine; George Soros on wins and much more.
HEAD-TO-HEAD: Franklin Templeton versus Legg Mason
FSA compares two global fixed income products: the Templeton Global Total Return Fund and the Legg Mason Wester Asset Global Multi Strategy Fund.
Fees
Annual fees charged by the 126 funds authorised for sale to Hong Kong and Singaporean retail investors that are categorised by FE Fundinfo as “fixed income – global” differ widely.
They range from as low as 0% to as high as 2.89%.
The retail class of the Templeton fund charges 1.39% per annum, while the Legg Mason fund has an expense fee of 1.35%.
Poole noted that both funds have relatively high fees.
“This is not unusual in Asia though – it is an industry wide issue rather than specific to these funds,” said Poole.
“The relatively high fees in this share class will increase the challenge for investors looking to gain alpha from investing in the asset class.”
Related Stories
Promoted Content
-
Healthcare’s innovation shifts into high gear
-
From “FAANG” to “MAMAA” to “Magnificent 7” – what’s in a name?
-
Fixed income – making ground in ESG as ETFs see rapid growth in AUM
-
Thematic investment series: Innovative transformation cuts across “old” and “new” economy companies
-
An investment opportunity for the coming decades: the environment
-
Who’s afraid of higher interest rates?
-
Sourcing resilient yield and income through short-dated credit
-
How can a sustainable approach also ensure you don’t compromise performance?
-
China’s post-pandemic growth gathers pace
-
Investors turn to real estate for alternative income
