The FSA Spy market buzz – 10 May 2024
BNP Paribas AM hires, Nordea AM loses, Fund failures galore, PIMCO’s AI wariness, Manulife’s goes Robo-AI, The buyback march, Apple’s mistake and much more.
The Miton fund has ongoing charges (OCF) of 1.72%, while the Schroder fund’s OCF is 1.66%, according to data from FE Analytics.
Both products are cheaper than peer funds that have regulatory approval in Hong Kong. The peer median for SFC-authorised funds in Hong Kong is 1.8%, according to FE.
“The small difference between the fees of both funds is due to the increased size of the Schroders fund at £1.4bn ($1.81bn),” which has led to cheaper fees than the £680m Miton product, McDermott said.
BNP Paribas AM hires, Nordea AM loses, Fund failures galore, PIMCO’s AI wariness, Manulife’s goes Robo-AI, The buyback march, Apple’s mistake and much more.
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