Unit Trust

[DevilPlate]

why even bother to negotiate, its a blood sucking vampire.

There is a 1.45% management fee charged by pimco, of which i believe 0.9% will go back to OCBC. technically, they are not wrong to say OCBC dont charge additional fees, but they are getting paid another way apart from the ridiculous 3% sales charge.

Endowus has the same fund, no stupid sales charge, and the TER is only 0.85% (including endowus platform fee).

the ocbc one is a ***** reap off

Not sure why only Endowus offer insti class funds and not fsm/poems etc.

any idea?

 

[sohguanh]

Just to inform for dividend paying UT, avoid dollarDex as their concept is a bit different from poems. Logically if the UT pay dividend and we opt to withdraw then we get the dividend in cash back to our account. dollarDex (call in to manually change to dividend cash out) sell off the units to give you the dividends. So as time goes by you see your units "shrinking". I prefer poems and fsm method. Our units should not be sold to get the dividends even if we opt for withdraw.

 

[sohguanh]

Not sure why only Endowus offer insti class funds and not fsm/poems etc.

any idea?

Usually this is based on cooperation and discussion between Endowus and the fund houses I think. Endowus is exclusively UT so they need to do more to get better deals for customers. fsm poems also offer equities trading besides just UT so no need spend too much effort on that slice of the pie I guess. They got revenue from other sources. poems is around for a long time and they got options,contra,cfd etc etc.

 

[Mephist0pheLes]

3% sales charge considered cheap for banks. When I buy my very first Unit Trust back in the early 2000 they charge 5% sales charge! They deduct from your investment upfront first! Later I found fsm and shift over to them although they do charge a platform fee. Then many years later Endowus is born. UT scene has evolved over the years but banks still stick to sales charge concept!

it unfortunate that not more ppl realise there are cheaper alternatives out there, that are equally safe (as custodians for Endowus is one of the major local bank)

 

[sohguanh]

it unfortunate that not more ppl realise there are cheaper alternatives out there, that are equally safe (as custodians for Endowus is one of the major local bank)

To be fair before there is fsm endowus retail can only buy from bank I think. Their monopoly is now broken by such new UT players

 

[s0crates]

Not sure why only Endowus offer insti class funds and not fsm/poems etc.

any idea?

Because there is no way for distributors to earn a fee from insti class funds.

You need to look at the history of unit trust. The only platform that I know offer insti share class prior to endowus is providend, but they charge a much higher platform fee and you have to pay for financial planning. It's not cheap for DIY investors.

Usually this is based on cooperation and discussion between Endowus and the fund houses I think. Endowus is exclusively UT so they need to do more to get better deals for customers. fsm poems also offer equities trading besides just UT so no need spend too much effort on that slice of the pie I guess. They got revenue from other sources. poems is around for a long time and they got options,contra,cfd etc etc

I don't know how many people followed the history of endowus but back then when I first signed up I only have the advised portfolio for cpf and SRS which is more expensive. Since then I switched to single fund Goals at 0.3%. that's not because they have a price war with competitors. They just cut cost because they can?

I hope they carry on to do well and stay around because out of all these robos they are the only one that has created value and seem big enough to survive. Even then they recently let go people which is worrying.

To be clear I don't like paying them recurring fees but at least they give access to cheap products. Maybe they can grow their AUM by another 20times so they can halve their fees? Lol

 

[sohguanh]

Because there is no way for distributors to earn a fee from insti class funds.

You need to look at the history of unit trust. The only platform that I know offer insti share class prior to endowus is providend, but they charge a much higher platform fee and you have to pay for financial planning. It's not cheap for DIY investors.


I don't know how many people followed the history of endowus but back then when I first signed up I only have the advised portfolio for cpf and SRS which is more expensive. Since then I switched to single fund Goals at 0.3%. that's not because they have a price war with competitors. They just cut cost because they can?

I hope they carry on to do well and stay around because out of all these robos they are the only one that has created value and seem big enough to survive. Even then they recently let go people which is worrying.

To be clear I don't like paying them recurring fees but at least they give access to cheap products. Maybe they can grow their AUM by another 20times so they can halve their fees? Lol

They are like fsm in the early days. Once they grow big they will not be satisfied with just Unit Trust they will be like fsm muscling into stock etc trading. I see Endowus as a shadow after fsm but to give credit to them they introduce the trailer fee rebate which beat their father fsm haha

 

[gobin74]

hi any one has any experience of the outlook of the eastspring monthly income fund ?

Thanks

 

[sohguanh]

hi any one has any experience of the outlook of the eastspring monthly income fund ?

Thanks

I have bad experience with that years ago. They give dividends but the NAV does not move much so essentially after one year I calculate if I sell + dividends I collected over a year I rugi not worth it.

 

[sohguanh]

Was onto moomoo and notice their funds at minimum $100 can buy liao and they carry a lot of what Endowus is selling but the monthly dividend paid out version. Endowus tend to bring onboard accumulated version instead. So for readers who are interested in those funds but their monthly dividend paid out version can consider moomoo. There is no sales charge, no redemption fee, no platform fee. Endowus although give trailer fee rebate still levy a fee for my Fund Smart investment.

But in terms of fund research analysis Endowus is more complete so read from there and decide the fund. Then look at moomoo for the same fund but the dividend paid out version instead.

 

[WhiteStone]

Fullerton SGD Cash

 

[sohguanh]

Was onto moomoo and notice their funds at minimum $100 can buy liao and they carry a lot of what Endowus is selling but the monthly dividend paid out version. Endowus tend to bring onboard accumulated version instead. So for readers who are interested in those funds but their monthly dividend paid out version can consider moomoo. There is no sales charge, no redemption fee, no platform fee. Endowus although give trailer fee rebate still levy a fee for my Fund Smart investment.

But in terms of fund research analysis Endowus is more complete so read from there and decide the fund. Then look at moomoo for the same fund but the dividend paid out version instead.

Just to tag along. Webull also have funds at minimum $100 can buy liao. All same as moomoo got dividend paid out version etc etc.

Now Endowus is less an attractive option for me since there are other competitive platforms with no fees and also same minimum $100.

 

[s0crates]

Just to tag along. Webull also have funds at minimum $100 can buy liao. All same as moomoo got dividend paid out version etc etc.

Now Endowus is less an attractive option for me since there are other competitive platforms with no fees and also same minimum $100.

What about trailer fee rebates?

 

[sohguanh]

What about trailer fee rebates?

For dividend paying UT you factor in the price you buy in how much they give out (I go for monthly dividend payout version) and then compare to the trailer fee Endowus give for that same fund and see the difference. For some dividend paying UT it is "cheaper" in moomoo and Webull.

Also moomoo periodically will give Fund Coupon so sometimes it is "cheaper" to go with moomoo. I now keep all my Unit Trust buy,sell options open. FSM,Endowus,poems,moomoo,Webull.

 

[sohguanh]

Fullerton SGD Cash

This fund is quite incredible no red color since inception wow. No wonder moomoo,Webull and others are using this as their Cash Fund. It used to be Lion Global Enhanced Liquidity but it has lost favor since this year. Last year quite ok.

 

[sohguanh]

Just sharing for ppl on tight budget want to invest in mutual fund aka unit trust.

1. FSM a lot of funds minimum $100 but they levy a quarterly platform fee
2. Endowus usually minimum $100 but they usually have accumulating version instead of dividend payout version. They got fee but they give trailer fee rebate.
3. poems few minimum $100 usually $1000 but they got no platform fee and other fee
4. dollarDex few minimum $100 usually $1000 but they got no platform fee and other fee
5. moomoo usually minimum $100 and they got no platform fee and other fee
6. Webull usually minimum $100 and they got no platform fee and other fee

If one is geared towards dividend paying fund I will use option 5,6
If one is geared towards accumulating I will use option 2 since got trailer fee rebate
If one is geared towards more "exotic" funds which I think Endowus and FSM have a few.
In the middle of all I would think poems.
Last, dollarDex dividend paying UT is sell your units to give you dividends hence I think I will not use them after my current investment turn green color sell all off.

For CPF investment I will stick stick to FSM which has no fees. CPF usually sell cannot get your hand on cold hard cash so I will let it compound and since many many years any small fees will add up. This is main reason why Endowus I am still not using them for CPF investment.

 

[limster]

FSMOne Diamond tier has no platform fee.

In order to reach diamond tier, the AUM from your stocks and ETF (and CPF unit trust) is counted, so it should not be that hard to reach.

 

[s0crates]

Just sharing for ppl on tight budget want to invest in mutual fund aka unit trust.

1. FSM a lot of funds minimum $100 but they levy a quarterly platform fee
2. Endowus usually minimum $100 but they usually have accumulating version instead of dividend payout version. They got fee but they give trailer fee rebate.
3. poems few minimum $100 usually $1000 but they got no platform fee and other fee
4. dollarDex few minimum $100 usually $1000 but they got no platform fee and other fee
5. moomoo usually minimum $100 and they got no platform fee and other fee
6. Webull usually minimum $100 and they got no platform fee and other fee

If one is geared towards dividend paying fund I will use option 5,6
If one is geared towards accumulating I will use option 2 since got trailer fee rebate
If one is geared towards more "exotic" funds which I think Endowus and FSM have a few.
In the middle of all I would think poems.
Last, dollarDex dividend paying UT is sell your units to give you dividends hence I think I will not use them after my current investment turn green color sell all off.

For CPF investment I will stick stick to FSM which has no fees. CPF usually sell cannot get your hand on cold hard cash so I will let it compound and since many many years any small fees will add up. This is main reason why Endowus I am still not using them for CPF investment.

I don't think you are making sense mathematically when it comes to cpf investments.

Just minimise all in fees as much as possible, rather than care about whether units are deducted to pay for fees. So what we should all do is calculate the total expense ratio equivalent, after GST and platform fees and choose the cheaper ones.

The Amundi funds and endowus is marginally cheaper for these reason relative to FSM and other fund platform for infinity class C

Even for fund managers they also sell underlying holdings to pay for their fees. In fact I will say likely endowus way is cheaper than fund managers as they charge quarterly only and a week so there is more time for money to compound.

 

[sohguanh]

I don't think you are making sense mathematically when it comes to cpf investments.

Just minimise all in fees as much as possible, rather than care about whether units are deducted to pay for fees. So what we should all do is calculate the total expense ratio equivalent, after GST and platform fees and choose the cheaper ones.

The Amundi funds and endowus is marginally cheaper for these reason relative to FSM and other fund platform for infinity class C

Even for fund managers they also sell underlying holdings to pay for their fees. In fact I will say likely endowus way is cheaper than fund managers as they charge quarterly only and a week so there is more time for money to compound.

I am just saying my own opinion. You are welcome to say yours. I now understand where you coming from. Then all the best Endowus for you then for your cpf investment.

 

[s0crates]

I am just saying my own opinion. You are welcome to say yours. I now understand where you coming from. Then all the best Endowus for you then for your cpf investment..

For CPF investment I will stick stick to FSM which has no fees. CPF usually sell cannot get your hand on cold hard cash so I will let it compound and since many many years any small fees will add up. This is main reason why Endowus I am still not using them for CPF investment.

Yup we each have our preferences. The way you put it across can be misunderstood and be seen as FSM being the best platform, which it isn't.

I am just like minimising cost and I suspect most people are the same as well.