The FSA Spy market buzz – 24 March 2023
Bitcoin rolling futures, new fund pricing models gather pace, greenbleaching, sustainable bonds (not), thematic investing at the top; consultant jokes, Munger’s wisdom and much more.
HEAD-TO-HEAD: JP Morgan AM versus UBS AM
FSA compares two highly-rated China equity funds: the JP Morgan China Fund and the UBS China Opportunity Fund.
Fees
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.
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