The FSA Spy market buzz – 26 July 2024
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The JP Morgan fund has ongoing charges (OCF) of 0.6%, while the SLI fund’s OCF is 0.89%.
Both fund fees are lower than other offshore regulated multi-strategy mutual funds, according to Goldsmith.
“For these complicated vehicles, with the use of derivatives, fund houses usually charge higher fixed charges as well as a performance fee. However, the JP Morgan and SLI funds are reasonably priced and lower than peers.”
In the case of these two funds, the difference in fee charges is not significant, he added.
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