The FSA Spy market buzz – 13 December 2024
M&G’s positive outlook; Wisdom from Schroders’s podcast; Alliance Bernstein on the power of curiosity; Janus Henderson on responsible AI; China’s retirement revolution; Apple and much more.
HEAD-TO-HEAD: Morgan Stanley versus T Rowe Price
FSA compares two US equity products: the Morgan Stanley US Growth Fund and the T Rowe Price US Large Cap Growth Equity Fund.
Fees
Management fees and other expenses charged by funds are important because they have a direct impact on returns for investors.
“The US equity market is so well covered and analysed that there is little excuse for any manager to charge high fees for funds invested in the sector,” said Poole.
And indeed, the ongoing charges figure for the Morgan Stanley and T Rowe Price funds are appropriately low, at 0.89% and 0.73% respectively, according to FE Fundinfo.
“They provide a great opportunity for Asian investors to get low-cost access to funds run by skilled managers,” said Poole.
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