Prudential Funds

[sesame246]

I am invested in PruLink Greater China Fund for my investment link insurance. I want to get out of the china funds. Any recommendation which funds to switch to?

 

[reddevil0728]

I am invested in PruLink Greater China Fund for my investment link insurance. I want to get out of the china funds. Any recommendation which funds to switch to?

Global tech?

 

[sohguanh]

I am invested in PruLink Greater China Fund for my investment link insurance. I want to get out of the china funds. Any recommendation which funds to switch to?

When you say get out means switch to other funds inside PruLink? I think some of these funds are "internal" to the insurance companies cannot buy from outside platform like fsm, poems, dollarDex.

If still inside Prulink, you no need switch all out as I think Greater China still can in the near future. How about switch some out to Asia Pacific , India funds for e.g? US now is a bit up and down.

 

[Geeezz]

All insurance company’s funds are funds of funds wor

 

[sohguanh]

All insurance company’s funds are funds of funds wor

What do you mean? E.g fundABC and the top holdings inside is fund A, fund B, fund C etc so this is a fund of funds ? Then that will be quite a few level of fees?

 

[boredboiboi]

All insurance company’s funds are funds of funds wor

Not all. Now alot new plan are already main funds. Sub funds are mostly old plan

 

[s0crates]

I am invested in PruLink Greater China Fund for my investment link insurance. I want to get out of the china funds. Any recommendation which funds to switch to?

You are going to be charged an arm and leg for fund fees AND likely be forced to have a locked in period.

I don't think there is ever a compelling reason to buy funds from insurance companies.

 

[reddevil0728]

You are going to be charged an arm and leg for fund fees AND likely be forced to have a locked in period.

I don't think there is ever a compelling reason to buy funds from insurance companies.

It’s too late Liao.

so guess TS asking in that situation what’s the next best alternative

 

[sohguanh]

Fund of funds remind me of something I discover a few months back. With ETF the craze nowadays, I saw a few unit trust fund where their top holdings are ETFs. We know ETF is a basket of stocks correct? Then in this scenario a unit trust with top holdings as several ETFs is classifed as fund of funds?

 

[sohguanh]

You are going to be charged an arm and leg for fund fees AND likely be forced to have a locked in period.

I don't think there is ever a compelling reason to buy funds from insurance companies.

Ok usually those plans come with some "protection" feature on top of investing with the insurance companies funds. This topic has been debated for many years. And my own opinion is if you want protection then get a "pure" protection policy. Investment get a pure investment may not be from insurance companies funds etc.

But to some ppl, the idea of having a protection + investment in a single policy is like best of both worlds. You pay X dollars you get protection and can invest. But the underlying fees incurred is not small actually my agent shared to me. She is the one that recommend to me protect then protect don't get protect+invest kind. Not sure if there is a commission difference to agents though.

 

[sesame246]

Ok usually those plans come with some "protection" feature on top of investing with the insurance companies funds. This topic has been debated for many years. And my own opinion is if you want protection then get a "pure" protection policy. Investment get a pure investment may not be from insurance companies funds etc.

But to some ppl, the idea of having a protection + investment in a single policy is like best of both worlds. You pay X dollars you get protection and can invest. But the underlying fees incurred is not small actually my agent shared to me. She is the one that recommend to me protect then protect don't get protect+invest kind. Not sure if there is a commission difference to agents though.

I agreed. Those investment link policies were bought when i was younger.. :-(

 

[sohguanh]

I agreed. Those investment link policies were bought when i was younger.. :-(

You still have not shared you are switching all out of Greater China or switch some out? I presume you don't intend to terminate this policy?

Depending on how long this policy sometimes it maybe better to terminate and suffer the loss than to continue this policy. Of cuz I am not qualified to ask you to terminate but just giving suggestion the alternatives if say you feel stuck-ed with this ILP for many years.

 

[sesame246]

You are going to be charged an arm and leg for fund fees AND likely be forced to have a locked in period.

I don't think there is ever a compelling reason to buy funds from insurance companies.

Didnt buy funds from prudential but as they are investment link policies, premiums paid are invested.

I can switch funds any time within the many prudential Funds (https://www.prudential.com.sg/products/wealth-accumulation/ilp/prulink-funds eg. Prulink asian american managed fund, Prulink global managed fund, PruLink Global Bond Fund) at no charge as they are already charging investment charge annually.

Markets are bad everywhere but i thought there is greater risk for the China funds now.

 

[sesame246]

You still have not shared you are switching all out of Greater China or switch some out? I presume you don't intend to terminate this policy?

Depending on how long this policy sometimes it maybe better to terminate and suffer the loss than to continue this policy. Of cuz I am not qualified to ask you to terminate but just giving suggestion the alternatives if say you feel stuck-ed with this ILP for many years.

I can switch all or partial. Dont intend to terminate policies as it would mean losses ( surrendar values lower than premium paid). Also i have some medical condition now so getting new insurance may mean higher premiums.

 

[sesame246]

You are going to be charged an arm and leg for fund fees AND likely be forced to have a locked in period.

I don't think there is ever a compelling reason to buy funds from insurance companies.

No charges for switching Funds.

 

[sesame246]

When you say get out means switch to other funds inside PruLink? I think some of these funds are "internal" to the insurance companies cannot buy from outside platform like fsm, poems, dollarDex.

If still inside Prulink, you no need switch all out as I think Greater China still can in the near future. How about switch some out to Asia Pacific , India funds for e.g? US now is a bit up and down.

Thats the other school of thought. On a longer term, China should recover, like the rest. But its just painful to see the policy values kept going down. Also the scary housing mortage loan crisis happening now...

 

[hwmook]

Thats the other school of thought. On a longer term, China should recover, like the rest. But its just painful to see the policy values kept going down. Also the scary housing mortage loan crisis happening now...

No way, with the way China is going. They are on the path to no recovery.

 

[Geeezz]

No way, with the way China is going. They are on the path to no recovery.

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