The FSA Spy market buzz – 26 April 2024
Golden mystery, Next big Healthtech thing, Plastic everywhere, The Magnificent Seven wane, Dreary fund presentation hell, Putting The Economist in its place, A touch of Shakespeare and much more.
Fund research firm Morningstar pays a lot of attention to management charges and expenses, and share classes that charge excessive fees are typically assigned lower ratings.
The ongoing charges figure (OCF) for the retail share class of the Stewart product 1.41%, according to FE Fundinfo. This ranks in its Morningstar category’s cheapest quintile.
“We think this share class will be able to deliver positive alpha relative to the category benchmark index, explaining its Morningstar analyst rating of gold, “said Genderen.
The OCF for the retail share class for the T Rowe Price fund is higher, at 1.77%, FE Fundinfo data shows.
“Nevertheless, the share class should be able to overcome its high fees and deliver positive alpha relative to the category benchmark index, explaining its Morningstar analyst rating of silver,” said Genderen.
Besides, the OCF is lower than the median for the sector designated by FE Fundinfo as “equity – international”, which is 1.85%.
Golden mystery, Next big Healthtech thing, Plastic everywhere, The Magnificent Seven wane, Dreary fund presentation hell, Putting The Economist in its place, A touch of Shakespeare and much more.
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