The FSA Spy market buzz – 26 April 2024
Golden mystery, Next big Healthtech thing, Plastic everywhere, The Magnificent Seven wane, Dreary fund presentation hell, Putting The Economist in its place, A touch of Shakespeare and much more.
Fees
As fund research firm Morningstar invariably points out it in its individual fund reports, it is critical to evaluate expenses, as they come directly out of returns.
The median ongoing charges figure (OCF) for the 75 North America equity funds available to Hong Kong retail investors is 1.74%, according to FE Fundinfo data. MFS fund’s annual expenses fee of 2.06% is therefore on the high side; in contrast, the Morgan Stanley fund’s OCF is below average at only 1.64%.
Golden mystery, Next big Healthtech thing, Plastic everywhere, The Magnificent Seven wane, Dreary fund presentation hell, Putting The Economist in its place, A touch of Shakespeare and much more.
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