The FSA Spy market buzz – 22 November 2024
Dimensional excludes the Middle Kingdom; JP Morgan’s optimistic outlook; Household wealth is rocketing; Schroders is thinking about privates; Ninety One’s pithy AI; German woes and much more.
HEAD-TO-HEAD: JPMorgan vs MFS
FSA compares two European equity products: the JPMorgan Europe Dynamic Fund and MFS Meridian European Research Fund.
The JPMorgan fund has ongoing charges (OCF) of 1.01%, while the MFS fund’s OCF is 0.93%. The MFS fee is in line with the category average (clean share classes only) of 0.93% while the JPMorgan fund fees are higher.
Meakin said that the MFS fund, incepted in 2014, saw a gradual compression on fees, which have dropped from 1.2% at its launch to the current level.
Both funds are reasonably priced he said, adding that the 0.08% fee difference between two funds “would not be a massive hurdle in an investor’s decision”.
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