FB RESEARCH · ISSUE 26/26

Notes from the data.

Short, sharp pieces from our analysts on funds, flows, sectors and what the numbers are actually saying right now. Every note is anchored to live data on the platform — click any reference to jump straight to the fund, category, or holding.

PUBLISHED WEEKLY · MON 8 ACTIVE NOTES

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13 MAY
Funds · NO. 005
Allianz Income and Growth is a $59bn fund — does size still work for investors?

At nearly $59bn, Allianz Income and Growth is one of the largest multi-asset income funds on earth. That scale brings its own problems — and its own fee questions.

Allianz Income and Growth CMg2 (USD) LU2093595705 Allianz Income and Growth AMg2 (H2-G… LU1597252607 Allianz Income and Growth AMg2 (USD) LU1551013342
3 min
10 MAY
Funds · NO. 004
Same Vanguard index, three share classes — and the difference is real money

Vanguard's global tracker comes in three flavours with fees ranging from 0.11% to 0.18%. The underlying portfolio is identical — so the choice between them is purely structural.

Vanguard Global Stock Index Fund EUR… IE00B03HD191 Vanguard Global Stock Index Fund Ins… IE00BFPM9N11 Vanguard Global Stock Index Fund Ins… IE00BYVQ3K51
3 min
10 MAY
Funds · NO. 003
JP Morgan’s US value bet sits alone in a sea of passive consensus

Most US-equity funds you can buy in the UK are now passive trackers. JPM's US Value strategy is a deliberate contrarian — but the share-class picture needs unpacking first.

US Value Fund (CNH) A LU2499265663 America Equity Fund (USD) C LU0129459060 America Equity Fund (EUR) C LU0289216672
4 min
09 MAY
Funds · NO. 002
JP Morgan’s US value bet against a decade of passive dominance

JP Morgan runs a dedicated US value fund at 1.50% alongside a broad America equity fund at 0.65%. In a category where passive has won for a decade, the fee gap demands scrutiny.

US Value Fund (CNH) A LU2499265663 America Equity Fund (USD) C LU0129459060 America Equity Fund (EUR) C LU0289216672
4 min