EndowUs Roboadvisor: investing using CPF

[WoShiPro]

How long does endowus complete the dividend reinvestment? I used my OA to invest in a fund which paid dividend on the 23rd. Until now I see nothing in my endowus account

It take around 2 weeks based on my experience. I share this above also.. Very slow..

 

[RedsYWNA]

Have switch my lionglobal to these 2 funds.

How to switch funds? Straight forward?

 

[Okenba]

My understanding is that US domiciled ETFs and UTs tend to be cheaper. Are the Amundi funds US domiciled? How did they get them so cheap otherwise? Anything a retail investor should be concerned about?

 

[RedsYWNA]

How to switch funds? Straight forward?

I just did a fund switch but not sure if i did it correctly. Endowus says it could take betw 7-10 business days.

Basically i added Amundi Prime USA fund in, put allocation at 100%, and delete the old Lionglobal Infinity US fund

 

[Wishdom]

I'm currently invested with cpf OA in endowus S&P 500. Is it worse to swith to amundi world fund due to cheaper fees?


Age on the clock, ravage with my cock

 

[qsgsgs]

I just did a fund switch but not sure if i did it correctly. Endowus says it could take betw 7-10 business days.

Basically i added Amundi Prime USA fund in, put allocation at 100%, and delete the old Lionglobal Infinity US fund

Almost 2 weeks for a tech firm to do a switch. Paperwork? Such irony.

7 - 10 days could give ENDOWUS or the subsidiary to give you the inferior entry point while they pocket the difference. This time delay needs more transparency.

 

[belgarathc]

I just did a fund switch but not sure if i did it correctly. Endowus says it could take betw 7-10 business days.
Basically i added Amundi Prime USA fund in, put allocation at 100%, and delete the old Lionglobal Infinity US fund

I did the same. You were on fundsmart too?

 

[s0crates]

Almost 2 weeks for a tech firm to do a switch. Paperwork? Such irony.

7 - 10 days could give ENDOWUS or the subsidiary to give you the inferior entry point while they pocket the difference. This time delay needs more transparency.

Lol maybe you want to make these allegations through MAS and cc the Endowus client team and their CEO. I will be surprised if they are pocketing the difference given how they are regulated.

Don't think so highly of them in terms of tech capabilities - they are not innovating the entire backend system of how cpfis, cpf, agent bank and unit trust industry works. If they are so innovative I would be scared tbh.

If you are following the thread they are still relying on dinosaurs like UOB kay hian to process trades and unit trust is notoriously slow in execution relative to ETFs.

 

[YouHeypiCanLiao]

I have invested a fair bit (less than 6 figures) via my CPF OA, and am happy with it. Fees could be lower of course, but understand that Endowus needs to make a living too and SG's market is too small. Just drink 3 fewer Starbucks per month, and you can cover the fees liao.

For long-term CPF OA investing, it's between POEMS/FSM (Infinity Global Class C), or Endowus (Infinity US 500) for me, till a cheaper alternative comes along.

MOM is supposed to come up with a globally diversified, passive low cost fund, but we have been waiting for more than 5 years liao, so I gues we all have to make do with Infinity Global Class C and Infinity US 500 in the meantime.

So basically if lion C go for fsm and if snp500 go for endowus as of now ?

 

[YouHeypiCanLiao]

Almost 2 weeks for a tech firm to do a switch. Paperwork? Such irony.

7 - 10 days could give ENDOWUS or the subsidiary to give you the inferior entry point while they pocket the difference. This time delay needs more transparency.

It's not a free switch right ? Basically charges occur for sell and buy

 

[s0crates]

It is a free switch. I switched multiple times across cpf and SRS

It's not a free switch right ? Basically charges occur for sell and buy

 

[s0crates]

So basically if lion C go for fsm and if snp500 go for endowus as of now ?

Why go for llion c if Amundi is cheaper and tracks the exact same index?

 

[YouHeypiCanLiao]

Why go for llion c if Amundi is cheaper and tracks the exact same index?

So probably if snp500 then fsm then? Thanks

 

[RedsYWNA]

Why go for llion c if Amundi is cheaper and tracks the exact same index?

I think Amundi Prime US and Lion US Infinity dont track the exact same index, but its v v close.

I didnt invest in the world index so not sure if its exact, but its definately not exact for the US index.

 

[sohguanh]

I think Amundi Prime US and Lion US Infinity dont track the exact same index, but its v v close.

I didnt invest in the world index so not sure if its exact, but its definately not exact for the US index.

You are correct. From Endowus website I got below
Only Amundi Prime Index MSCI World Fund and LG Infinity Global Stock Index Fund are benchmark to the same index. So this is a closer apple to apple comparison. As for Amundi Prime USA and LG Infinity S&P 500 benchmark different index so not fair comparison

However even the World Index close to 60-70% is US equities it make one wonder if you have this why need to have a US centric UT like Prime USA or LG S&P 500? For those sell off LG Infinity S&P 500 to buy Prime USA take note they are benchmark to different index if you are ok with that by all means.

Me not a US equities lover so I don't buy UT on them. I prefer to stick to my Asian equities UT since early 2000s till now and satisfied. For individual stock pick then I go for US recently but not doing well despite I buy fractional shares so lose a few tens of dollars.

--
Amundi Prime USA Fund benchmark Solactive GBS United States Large & Mid Cap Index
0.05% no trailer fees

Amundi Prime Index MSCI World Fund benchmark MSCI World Index
0.10% no trailer fees

LG Infinity US S&P 500 Stock Index Fund benchmark S&P 500 Index
0.34% after cashback from trailer fees

LG Infinity Global Stock Index Fund (SGD C Class) benchmark MSCI World Index
0.34% after cashback from trailer fees

 

[deathman91]

The Amundi Funds are domiciled in Luxembourg. What about the Lion Global ones?


WHT on underlying US securities is 0% for funds domiciled in the United States, 15% for funds in Ireland, and 30% for funds in Luxembourg.

Even though the Amundi funds might have lower TER on the fund itself but it might need to pay more tax on the dividends it receives from its underlying US Securities? Thus it's not clear which fund will be less costly if we were to take WHT into account.

But I guess Amundi Funds are probably still more cost effective as the fund TER is a bigger tax drag factor than the WHT even if Lion Global is domiciled in Ireland that has a favorable 15% WHT

 

[s0crates]

The Amundi Funds are domiciled in Luxembourg. What about the Lion Global ones?


WHT on underlying US securities is 0% for funds domiciled in the United States, 15% for funds in Ireland, and 30% for funds in Luxembourg.

Even though the Amundi funds might have lower TER on the fund itself but it might need to pay more tax on the dividends it receives from its underlying US Securities? Thus it's not clear which fund will be less costly if we were to take WHT into account.

But I guess Amundi Funds are probably still more cost effective as the fund TER is a bigger tax drag factor than the WHT even if Lion Global is domiciled in Ireland that has a favorable 15% WHT

Both infinity and Amundi is paying 30% dividend withholding tax. Only Irish domiciled ETFs are paying 15%.

 

[deathman91]

Both infinity and Amundi is paying 30% dividend withholding tax. Only Irish domiciled ETFs are paying 15%.

On then no contest here, Amundi wins. Hope that we will be able to see one domiciled in Ireland offered in Endowus in the future

 

[WoShiPro]

Have switch my lionglobal to these 2 funds. Hopefully they also partner with fund manager to launch low cost emerging mkt UT. Current emerging mkt UT is too expensive.

Make the switch on March 28. Transaction processed on 29 Mar. Transaction completed today.

 

[Mephist0pheLes]

Almost 2 weeks for a tech firm to do a switch. Paperwork? Such irony.

7 - 10 days could give ENDOWUS or the subsidiary to give you the inferior entry point while they pocket the difference. This time delay needs more transparency.

you sell lion-global, get back $100, then use that $100 buy amundi. $100 in, $100 out, how do they pocket the difference?

u think they wan the swtich to last 7-10 days? Endowus earns from u holding the fund. every day u r out of the market during the switch, they lose fees.