The JP Morgan fund’s ongoing charges (OCF) is 1.75%, while the Jupiter fund’s OCF is 1.72%.
Both funds are priced accordingly within the actively-managed European (including UK) equity funds that are available for sale in Hong Kong, according to Kandlur. The peer group’s average OCF is 1.84%.
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“Everyone wants a quick win,” said a veteran Hong Kong wealth manager to Spy this week over steak and a nameless Aussie red. “Slow and steady is alien to most of my clients.” It is not just Hong Kong-based investors who have this enthusiasm, it would seem. Spy was staggered to read that Americans spent […]
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