TrustInvest Notification

[Equivocal2011]

Just received TrustInvest notification by TrustBank
Anyone else got it today?
The Cash Mgt product is 3.56% yield, 0.55% p.a. fund fees.

Got other products too but I’m less interested since I’m DIY.

 

[yslvlys]

Just received TrustInvest notification by TrustBank
Anyone else got it today?
The Cash Mgt product is 3.56% yield, 0.55% p.a. fund fees.

Got other products too but I’m less interested since I’m DIY.

From Trust banking app? Mine still says Waitlist

 

[Equivocal2011]

From Trust banking app?

Ya.
I registered for waitlist late last year.

 

[sglandscape]

Just received TrustInvest notification by TrustBank
Anyone else got it today?
The Cash Mgt product is 3.56% yield, 0.55% p.a. fund fees.

Got other products too but I’m less interested since I’m DIY.

That's a little high fees for a cash management product though. Any more details?

 

[halocast]

ya how issit?

Seems like aberdeen?

 

[Equivocal2011]

Rates drop to 3.13% now lol...
Yes it's aberdeen
70% - Government Bonds / Treasury Bills / Central Bank Bills
30% - Term Deposits

 

[willsbot]

The platform needs some time to be really robust.

If one noticed their buy/sell order execution keeps pending after the specified number of business days, pls consider reaching out to their customer service team via chat. They should be able to resolve it by checking with fund house and updating the order status within a few days.

This issue happened last week and should have been resolved (so far).

 

[JivBunny]

Just received TrustInvest notification by TrustBank
Anyone else got it today?
The Cash Mgt product is 3.56% yield, 0.55% p.a. fund fees.

Got other products too but I’m less interested since I’m DIY.

0.55% for the fees is quite high.
3.56% yield is fixed or will vary?

 

[sglandscape]

0.55% for the fees is quite high.
3.56% yield is fixed or will vary?

Will vary for sure and 0.55% is not just "quite high" but excessively high got a money market fund.

 

[Spirax]

https://www.abrdn.com/en-sg/investor/funds/view-all-funds

Abrdn SG Money funds 0.55%
https://abrdn.kurtosysweb.com/pdfs/F_STD_en-GB-NN_SGXZ67819466.pdf

Abrdn income plus fund
Abrdn wealth plus cautious, moderate and growth fund
Fees: 1.70%

 

[jeffong]

With such high fees, wonder who in the right mind will sign up for their funds. It's as good as being carrot head by those wealth advisers.

 

[CrashWire]

With such high fees, wonder who in the right mind will sign up for their funds. It's as good as being carrot head by those wealth advisers.

Boomers who signed up because it has "NTUC" branding.

 

[Kunkka]

Anyone else have the income+ and wealth+ option?

 

[oohman]

Like to buy trust invest's wealth growth option
It is officially called abrdn Wealth Plus Growth fund.
Where to find more info ah ?
Not much on goggle

 

[sibeiTrolled]

Like to buy trust invest's wealth growth option
It is officially called abrdn Wealth Plus Growth fund.
Where to find more info ah ?
Not much on goggle

ISIN: SGXZ76749969,
SEDOL: BQKRZ96,
Valoren: 139288671

Monthly factsheet
https://abrdn.kurtosysweb.com/pdfs/F_STD_en-GB-NN_SGXZ76749969.pdf

Annual report
https://www.abrdn.com/docs?editionId=5fca2c7b-35de-4457-8b6a-f5a133b411ca

Prospectus
https://www.abrdn.com/docs?editionId=8bee7efe-5dcf-4541-ac7b-b9a87e5ae9f9

 

[hyocca]

ISIN: SGXZ76749969,
SEDOL: BQKRZ96,
Valoren: 139288671

Monthly factsheet
https://abrdn.kurtosysweb.com/pdfs/F_STD_en-GB-NN_SGXZ76749969.pdf

Annual report
https://www.abrdn.com/docs?editionId=5fca2c7b-35de-4457-8b6a-f5a133b411ca

Prospectus
https://www.abrdn.com/docs?editionId=8bee7efe-5dcf-4541-ac7b-b9a87e5ae9f9

Short-term performance: Not great. In 1 month, it lost 1.52%, but in 3 months, it gained 3.41%.
1-year return: Up 1.469%, which is lower than its benchmark (2.49%).
Long-term returns aren’t available because the fund is still new.

I think it's good for long-term investors who can handle ups and downs.
Not ideal if you want stability or guaranteed returns.

Since it's new, it’s hard to judge if it will be successful.
How's it going for those who invested already, any feedbacks?

 

[halocast]

Not very attractive imo

Maybe others can give their two cents

 

[revhappy]

I am trying out their Cash+ product. Just placed a buy order of 3.5k.
The management fee is 0.3%. The advantage is that this is integrated with bank, instead of Syfe or Endowus.

 

[AvatarViper]

I am trying out their Cash+ product. Just placed a buy order of 3.5k.
The management fee is 0.3%. The advantage is that this is integrated with bank, instead of Syfe or Endowus.

you mean integrated with bank means more safe? you funds are not held by syfe or endowus.

 

[loveboon]

Anyone invested in their income plus fund?