Poems offering Amundi UT

[Moowoow]

I have stopped my global ETFs dca via Syfe, Stashaway and Endowus. And started to DCA into Amundi World and Emerging Market funds on Poems. I think there is no reason for anyone not to buy into Amundi funds on Poems if they want to DCA into global funds.
Not selling off my holdings in Syfe, Endowus and Stashaway though. Will just keep them there. Still dca-ing into Syfe REITS as there is no comparable product.

How reputable is amundi funds in terms of performance

 

[limster]

How reputable is amundi funds in terms of performance

I hear that Amundi Index MSCI World is unable to beat the performance of MSCI World.

 

[TerryPower]

How reputable is amundi funds in terms of performance

https://finance.yahoo.com/quote/0P0001OO2D.SI/
https://finance.yahoo.com/quote/IWDA.L/

I'm comparing these 2, Amundi World SGD and IWDA LSE USD

6 month - IWDA beats Amundi World (7.68% vs 7.60%)
1 year - Amundi World beats IWDA (23.55% vs 20.96%)

 

[rerear]

which account type is recommended to use on poems, for DCA cpfoa or srs?

read about a cash holding account, is that like animal brokers's money market fund?

Confused on the Cash Management and Cash Plus accounts mentioned above, I do have CDP with DBS.

Read HWZ Forum Rules!

 

[CaptainWu]

which account type is recommended to use on poems, for DCA cpfoa or srs?

read about a cash holding account, is that like animal brokers's money market fund?

Confused on the Cash Management and Cash Plus accounts mentioned above, I do have CDP with DBS.

If you aim for Investing in Amundi then either one is okay and should be no difference. If you plan for investing stocks with CPF/SRS then use Cash Plus better with lower commission.

 

[twinbaby]

Hi there,

I am planning to invest all of these in CPF OA, using PEOMS and DBS, good idea or not?

https://www.poems.com.sg/fund-finder/565001/	Amundi Index MSCI World unit trust
https://www.poems.com.sg/fund-finder/565002/	Amundi Index Global Aggregate Bond unit trust
https://www.poems.com.sg/fund-finder/amundi-prime-usa-as-c-sgd-565004/	Amundi Prime USA AS (C) SGD

 

[limster]

I prefer to use CPF for lump-sum investing, so if you have a lump sum, Amundi Index World looks good

CPF is terrible for DCA because each time you DCA, the CPF custodian bank will charge you fees+GST?

Also as mentioned in this thread. Amundi Prima USA is not available.

 

[RedsYWNA]

Hi there,

I am planning to invest all of these in CPF OA, using PEOMS and DBS, good idea or not?

https://www.poems.com.sg/fund-finder/565001/	Amundi Index MSCI World unit trust
https://www.poems.com.sg/fund-finder/565002/	Amundi Index Global Aggregate Bond unit trust
https://www.poems.com.sg/fund-finder/amundi-prime-usa-as-c-sgd-565004/	Amundi Prime USA AS (C) SGD

Opps just tried and I think Amundi Prime USA is not yet available for CPF OA.

When it's available, I will sell Endowus and redirect to Poems to save 0.3%.

 

[CaptainWu]

With low cost UT like Amundi now available at POEMS, just wonder does it still make sense to DCA and long term hold like VWRA/EIMI...etc? Look like it is more cost effective to use Amundi World and EM to replace them with lower fees and no need to exchange to USD?

 

[limster]

With low cost UT like Amundi now available at POEMS, just wonder does it still make sense to DCA and long term hold like VWRA/EIMI...etc? Look like it is more cost effective to use Amundi World and EM to replace them with lower fees and no need to exchange to USD?

Poems is offering it because of the tie-up with Moneyowl/Temasek Trust. While in the short-term, I'm pretty certain that Temasek Trust is committed to this, there is always a risk that TT will discontinue their partnership.... nobody knows what will happen in 10, 20 years.

Stocks seem relatively easy to change custodian, but unit trust, if Amundi doesn't pay the unit trust custodian any fees, it may not be so easy to move your holdings, though worst case just move back to Endowus and pay their fee (in which case it becomes worse than VWRA).

 

[yslvlys]

Poems is offering it because of the tie-up with Moneyowl/Temasek Trust. While in the short-term, I'm pretty certain that Temasek Trust is committed to this, there is always a risk that TT will discontinue their partnership.... nobody knows what will happen in 10, 20 years.

Stocks seem relatively easy to change custodian, but unit trust, if Amundi doesn't pay the unit trust custodian any fees, it may not be so easy to move your holdings, though worst case just move back to Endowus and pay their fee (in which case it becomes worse than VWRA).

But Poems doesn't charge any custodian / platform fees for their other unit trusts as well. So this might be sustainable.

 

[CaptainWu]

Poems is offering it because of the tie-up with Moneyowl/Temasek Trust. While in the short-term, I'm pretty certain that Temasek Trust is committed to this, there is always a risk that TT will discontinue their partnership.... nobody knows what will happen in 10, 20 years.

Stocks seem relatively easy to change custodian, but unit trust, if Amundi doesn't pay the unit trust custodian any fees, it may not be so easy to move your holdings, though worst case just move back to Endowus and pay their fee (in which case it becomes worse than VWRA).

Other than MoneyOwl I know another investment firm using POEMS for Amundi also. I do think there is incentive for POEMS to do so as this should increase their market share as I am quite certain many like me moving from Endowus to POEMS platform to save the 0.3/0.4% cost. Even there is no rebate from Amundi and they can certainly earn from the volume in transition cost ...etc. POEMS also in the market long enough as a Singapore company so stability is there.

ETFs like VWRA is not low at 0.22%, IWDA also at 0.2% tracking exactly the same/similar Index as Amundi MSCI World with saving of 0.1% or more. With the exchange rate loss during buy/sell and bid/ask cost as usually LSE volume is low, so I think overall still make sense with the idea. Just checking to see if anything I am not aware of. One thing I noticed look like ETFs holding is more than UT and not sure the reason.

 

[limster]

But Poems doesn't charge any custodian / platform fees for their other unit trusts as well. So this might be sustainable.

Poems doesn't charge fees on other unit trusts but the unit trust issuer generally gives Poems half of the management fee.

Amundi doesn't do that which is why you get no rebate from Endowus but instead have to pay them 0.3%.

 

[TerryPower]

I'm new to investing. Here's some things I may do if I'm in similar situation.

• Those with holdings in Endowus can stop DCA or any new purchases. Don't sell, just keep as it is.
• If you do DCA, cancel from Endowus and switch to POEMS.
• If you have money for new purchases, stop using Endowus and use POEMS.
• If Endowus provide switching out in the future, then can discuss again. Else, I think not a good idea to sell and re-buy.

 

[CaptainWu]

I'm new to investing. Here's some things I may do if I'm in similar situation.

• Those with holdings in Endowus can stop DCA or any new purchases. Don't sell, just keep as it is.
• If you do DCA, cancel from Endowus and switch to POEMS.
• If you have money for new purchases, stop using Endowus and use POEMS.
• If Endowus provide switching out in the future, then can discuss again. Else, I think not a good idea to sell and re-buy.

What's the reason not to sell and buy if you have spare cash? Sell and Re-buy UT with no transaction cost, keeping with Endowus until Transfer out available might take long or never happen then you are just spending extra 0.3%.

 

[TerryPower]

What's the reason not to sell and buy if you have spare cash? Sell and Re-buy UT with no transaction cost, keeping with Endowus until Transfer out available might take long or never happen then you are just spending extra 0.3%.

I'm new to UT

If you sell and re-buy on the same day, are there any chances you end up with less units?

 

[tangent314]

With low cost UT like Amundi now available at POEMS, just wonder does it still make sense to DCA and long term hold like VWRA/EIMI...etc? Look like it is more cost effective to use Amundi World and EM to replace them with lower fees and no need to exchange to USD?

Amundi funds are synthetic, there are additional risks involved with that.

It would still be prudent and not have everything in there.

 

[light84]

Amundi funds are synthetic, there are additional risks involved with that.

It would still be prudent and not have everything in there.

May I know where is the source showing Amundi funds are synthetic? Those that are sold on Endowus and Poems?

 

[hwarzoner]

wah i need to complete CKA to buy amundi UT in poems lol

 

[TerryPower]

wah i need to complete CKA to buy amundi UT in poems lol

Quite fast de... I took around 2 days to pass and submit orders