The FSA Spy market buzz – 6 September 2024
Machine learning Chinese investment, BlackRock’s AI patience, Time Magazine’s AI cover, happier staff equal better returns, do wealth managers add value? sexy legs and much more.
Poole finds that the ongoing charges (OCF) of the retail share classes of both the Ninety One and Schroders funds are high, although acknowledged that fees are usually higher for Asia-focused equity products.
The OCF of the Ninety One fund is 1.93%, while the Schroders fund is at 1.85%. The median OCF of SFC-authorised actively-manage Asia (ex-Japan) equity funds in Hong Kong is 1.93%.
“While fees may be high [for Asia equity funds], you pay for the alpha opportunity, and Asia equities remain an area where opportunities are higher relative to other markets, so you are paying for that, and these funds deliver good returns over a long period of time,” Poole said.
Machine learning Chinese investment, BlackRock’s AI patience, Time Magazine’s AI cover, happier staff equal better returns, do wealth managers add value? sexy legs and much more.
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