The FSA Spy market buzz – 5 July 2024
Insiders are selling up, Merger mania or summer madness, BlackRock bets on private markets, Bitcoin has lost its momentum mojo, Abrdn’s statistical brain bet, Single stock ETFs, Swift and much more.
Fees matter, not just on a relative basis, but because they affect fund performance, according to Morningstar. In fact, as long ago as 2016, the fund research firm published a paper that found that “the expense ratio is the most proven predictor of future returns” for any fund.
The ongoing charges fee (OCF) for the retail share class of the Neuberger Berman fund is 1.54%, and the OCF for the Pictet product is lower at 1.38%, according to FE Fundinfo.
“Both funds are roughly average within their category in terms of the fees they charge,” said Kirwin.
Insiders are selling up, Merger mania or summer madness, BlackRock bets on private markets, Bitcoin has lost its momentum mojo, Abrdn’s statistical brain bet, Single stock ETFs, Swift and much more.
Part of the Mark Allen Group.