The FSA Spy market buzz – 28 March 2025
JP Morgan Asset Management gets enhanced; Thailand wants some leverage; Natxis is surveying the world; A billionaire here, another there; Business social media lunacy; Andrew Carnegie’s wisdom and more.
As fund research firm Morningstar emphasises in individual fund reports, it is critical to evaluate expenses, as they come directly out of returns.
The JP Morgan fund’s ongoing charges figure (OCF) of 1.69% ranks in the Morningstar middle quintile for the Asia Pacific ex-Japan category, which is “not great”, according to Morningstar, which nevertheless believes that the share class should still be able to deliver positive alpha relative to the benchmark index, justifying its analyst rating of bronze.
The Matthews product has a higher OCF of 1.83%, which is also in Morningstar’s middle quintile, and the fund research firm considers the managers capable of delivering sufficient alpha to warrant an analyst rating of silver.
JP Morgan Asset Management gets enhanced; Thailand wants some leverage; Natxis is surveying the world; A billionaire here, another there; Business social media lunacy; Andrew Carnegie’s wisdom and more.
Part of the Mark Allen Group.