The FSA Spy market buzz – 4 October 2024
Schroders is hiring, Federated Hermes warns on PE exits, Fidelity thinks China is cheap, Pictet likes, gold and emerging markets, S&P 500 dividend woes, October’s volatility and much more.
Fees
The T Rowe Price fund’s retail share class ongoing charge figure is 0.95%, which considerably lower than the 1.95% charged annually by the Pinebridge fund.
The Pinebridge OCF is comfortably less than the highest charges in the international equity fund category, with some funds run by top-name mangers imposing a fee of almost 3%, but it is also above the median of 1.75%.
The relatively high annual fee for Pinebridge “perhaps explains why its net-performance has been more disappointing,” McDermott said.
“The fund is smaller than the T Rowe Price fund, with fewer economies of scale, but it still has more than $250m of assets, so there no excuse for such a high levy.”
Schroders is hiring, Federated Hermes warns on PE exits, Fidelity thinks China is cheap, Pictet likes, gold and emerging markets, S&P 500 dividend woes, October’s volatility and much more.
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