EndowUs Roboadvisor: investing using CPF

[cfleee]

The fund factsheet is not inclusive of a 0.1% p.a. fee which is payable by infinity fund to vanguard. Endowus rep in 1m65 telegram say it's highlighted in the prospectus of the infinity fund, which dollardex didn't take into account.

Hmm, so the factsheet's expense ratio of 0.7% p.a. matches the annual report''s financial statement section 11 where expense ratio including "underlying sub-fund's expense ratio" is 0.70%.

Looking around the prospectus, it seems like 0.1 only appears in section 8.1 as a "0.10% p.a." "Ongoing charges" or OCF payable to the Vanguard fund. So what they're saying is either "expense ratio of 0.1%" is referring to this OCF and there are some other (undisclosed) charges on top of this expense ratio, or there is both an expense ratio and OCF payable to Vanguard? This is very strange.

Just trying to figure out how it's being 'hidden' so that can watch out for it in other prospectuses.

 

[ment0smintz]

Can anyone feedback me if they use endowus for cpf how has it been?

 

[undergrd]

So far so gd. Started on 1st Jun and currently at 7% green. Btw, I'm 60/40.

Can anyone feedback me if they use endowus for cpf how has it been?

 

[luvalist]

Started in Dec 19 with $20k and $1k dca every month. Now +3.58%

Can anyone feedback me if they use endowus for cpf how has it been?

 

[decibel.]

Started in Dec 19 with $20k and $1k dca every month. Now +3.58%

You're doing CPF every month? I thought bank charges some fee?

Sent from HUAWEI VOG-L29 using GAGT

 

[FinalDestiny...]

I started last Dec with a fixed lump sum with a 60/40 split and the simple return is 5.29%.

 

[nautilus]

Started in January this year. Lump sum with a 80/20 split. Currently down 1.36%

 

[luvalist]

Yes, I using cpf. Quarterly will have fees of $2.14. Every deduction also incur $2.14

You're doing CPF every month? I thought bank charges some fee?

Sent from HUAWEI VOG-L29 using GAGT

 

[RoLanTo]

bank monthly 2.68, quarterly 2.14 i think.

each year lose 40.72 to bank.. havent count fees to platform

 

[s0crates]

Depends on your agent bank. UOB is the cheapest If you invest in STI ETF for cpf it's even worse haha. The agent bank charges are higher.

Hope someone can complain!!

bank monthly 2.68, quarterly 2.14 i think.

each year lose 40.72 to bank.. havent count fees to platform

 

[reddevil0728]

Depends on your agent bank. UOB is the cheapest If you invest in STI ETF for cpf it's even worse haha. The agent bank charges are higher.

Hope someone can complain!!

I thought cpf introduced a rule to fix the fee already?

 

[s0crates]

Never heard of this rule that you are talking about. Unless you are talking about lowering platform fees and no sales charges for cpf.

This is to different from agent bank charges.

I thought cpf introduced a rule to fix the fee already?

 

[GloryKnight]

Hi, can anyone advice me if lets say I invested my CPF/SRS monies with EndowUs in 40:60 for FY20, but for FY21, i invest in 60:40 portfolio, will they adjust the portfolio by selling the units and reinvesting or its counted as a separate fund instead?

thanks to advice!

 

[tidalstorm]

If not wrong, u can modify yr goal within the 40/60 goal to 60/40. Likely will sell off and buy again for 60/40 which they will do it for u automatically

 

[hwmook]

Hi, can anyone advice me if lets say I invested my CPF/SRS monies with EndowUs in 40:60 for FY20, but for FY21, i invest in 60:40 portfolio, will they adjust the portfolio by selling the units and reinvesting or its counted as a separate fund instead?

thanks to advice!

They will sell off and buy again to get the ratio you want.

 

[zoneguard]

Some performance figures of Cash Smart products:
https://endowus.com/insights/endowus-cash-smart-performance-review/

https://lh3.googleusercontent.com/tIu2lsTYy2VRHwGwj2zpUWVvxZgBqFpxwx34AqmGknsApubkiiOUI5XFTmxTN8jLN94FvCkAHyjdKkwfZTUGAadE9SaC_DPoAQniqzLNq9QEcgo31IcrGyamNS92eS3v1kt4hJaK

 

[happykapy]

Great question below.
Any new solutions ?

Bumping this up.

Great thread by the way, thanks for all the insights.

yeah and to be more exact, I just want to buy overseas index funds with cpf oa, not even want to unit trusts.

 

[s0crates]

You can't buy foregin listed ETFs for CPF.

Btw seems like Endowus launch a new investment goal type. Now can invest in your own choice of funds in your preferred portfolio mix... Wow....

Great question below.
Any new solutions ?

Bumping this up.

Great thread by the way, thanks for all the insights.

 

[FinalDestiny...]

"Leading asset managers available through Fund Smart
Dimensional, PIMCO, Vanguard, Schroders, Franklin Templeton, Eastspring, Fidelity, Aberdeen Standard, PineBridge, Legg Mason, First Sentier (First State), Fullerton, Lion Global, Nikko, and UOB Asset Management

Strategies available through Fund Smart
ESG, ultra-defensive, passive, income, technology, dividend, value, quant, Sharia-compliant, sector and geographic-specific, cash management, and more"

Seems rather promising Awaiting more details this Friday.

 

[CaptainWu]

Seems rather promising Awaiting more details this Friday.

Interest to know how rebalance works for DIY and any change on charges. Looking forward this Friday.