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.
HEAD-TO-HEAD: HSBC Jintrust vs Invesco Great Wall
FSA compares two MRF-approved China mixed-assets funds: the HSBC Jintrust Dynamic Strategy Fund and the Invesco Great Wall Core Competence Mixed Securities Fund.
Both funds charge very similar fees. The ongoing charge (OCF) of the IGW fund is 1.77% and that of the HSBC Jintrust fund is 1.80%.
“The fees are about average,” said Li.
Onshore Chinese funds do not differentiate themselves on fees and investors don’t pay much attention to them, he noted. “Because the return of mutual funds in the long-term is generally much higher than in the US, the fees are not very significant,” he said.
Companies, on the other hand, generally simply settle on the industry standard when setting fees for their funds, he added.
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