The FSA Spy market buzz – 22 March 2024
AllianzGI on China stewardship, Death of the mutual fund, W’s top financial centres, Schroders on Japan, Swiss cuts and Japanese hikes, Reddit, Book wisdom and more.
The JP Morgan fund has ongoing charges (OCF) of 1.8%, while the UBS fund’s OCF is 2.4%, according to Liang.
The JP Morgan fund is competitively priced relative to its peers, while the UBS fund is more expensive. The peer average of China equity funds is 1.9%, Liang said.
“We think that UBS AM can bring the fees down of the fund given that the fund has the largest AUM in the category now,” she said.
AllianzGI on China stewardship, Death of the mutual fund, W’s top financial centres, Schroders on Japan, Swiss cuts and Japanese hikes, Reddit, Book wisdom and more.
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