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By Hugues Gillibert, CEO, Fitz Partners Ltd.
What lies behind funds’ Ongoing Charge Figures (OCF): Asset managers are conducting thorough reviews of their fee structures in advance of possible regulatory changes that could see the introduction of transaction fees to a “new” quoted fee measure. On the back of these reviews, they reassess their engineered fee structures and, in some cases, make radical changes that can impact their business margins. A quoted OCF is not just a price tag, when analysed in depth, it becomes a powerful source of insight in asset management competitive analysis.
To investors, comparing fund fees would usually translate into simply looking at Ongoing Charge Figures (OCF) or management fees. Thankfully for the fund industry, a...
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