UOB Simple Invest

[dappermen]

Under Uob mighty choose simpleinvest. they will give the 3 portfolios to choose from with their projected returns. balanced is 4 to 6%pa divided with monthly payouts. Their highest risk is 7 to 9% projected returns with no payouts.

If wanna compare with DIY in terms of returns....

i didnt comp apple w orange but my Endwus DiY is also Robo , my Syfe eqty ( i hve SA too) since sep 2020 alrdy has cummulative ret of more than 20% - they r all normal Robos

(u can redeem all ur Robo profits mthly and still console yourself as divs too)

am looking for a robo that pays dividend, I currently have two choices. UOB simpleinvest or Syfe

my bk ie UOB alrdy has intro this Robo last yr just tt i m nt interested in low risk item as nt too interested in fixed inc (or rather i m pleased w those Robos so muchhh)





oh it is called (or base on) - UNITED ENHANCED INCOME SELECT?

Stated here:
The current distribution policy is to make regular monthly distributions based on the weighted average indicative distribution payout of the Underlying Entities minus 0.50%, rounded down to the nearest 0.1%, reviewed annually and/or when there are changes in the Underlying Entities’distributions.The making of distributions is at the absolute discretion of the Managers and is not guaranteed.

 

[dappermen]

Endissorrow made an interesting point in the Syfe reits thread that $400 a year in fees on a 100k portfolio is kinda expensive. If UOB is able to give the same projected returns as per Syfe reit without the additional $400 fees per year, it is kind of obvious which one I will take.

nothg is Foc. when there is Free lunch given, i will slap it on the person's face too!!
My fav bank UOB more so wil not give LOW rate @ all..esp UOB! the worst is DBS

Endissorrow must has done his sums Ultra wrong, did he compare wrongly?

 

[zoneguard]

Until UOB is able to provide their TER, no true comparison can be done.

Actually based on the product highlight sheet,
The floor for TER is at least 0.58% if you sum up the management fee,accounting fee, admin fee.

That's $580 of NAV for $100K portfolio.

 

[dappermen]

Actually based on the product highlight sheet,
The floor for TER is at least 0.58% if you sum up the management fee,accounting fee, admin fee.

That's $580 of NAV for $100K portfolio.

it shd b more thn tt
& why UNITED ENHANCED INCOME SELECT? the robo is just 1?

 

[JetStorm]

it shd b more thn tt
& why UNITED ENHANCED INCOME SELECT? the robo is just 1?

There are 3 but that fund is mentioned coz it is the only fund out of the 3 that pays dividend monthly.

 

[dappermen]

Actually i was saying the two highest return/growth option has more than 1funds in it:
eg United global qlty
allianz global AI
Ubs eqty fund- china
Schroder asian growth fund

United global qlty
jp morgn income
Schroder income
Fssa div income
Fidelity…

Each of them got a bid-ask spread too…



if able to accept higher risk & just 1 fund (some of u keep quoting me that div paying fund by uob) can try getting div paying funds by uob- United global qlty or
this - https://secure.fundsupermart.com/fs...7/DWS-Invest-Global-Infrastructure-LDMH-P-SGD

DIV yield o more th 6% p.a (mthly paid)

 

[dappermen]

any update since the date this thread is setup?

 

[reddevil0728]

any update since the date this thread is setup?

what update?

 

[dappermen]

askg TS ....

 

[qingyong]

So if you have selected to put for 12 mths, there’s no option to redeem it early right

 

[Jvies0071]

They are fund of funds (FOFs) and there appears to be annual management fee. Play safe is 0.08% pa, balance and growth is 0.50% pa. I believe this is on top of the underlying funds TER.

 

[dappermen]

it is p.a isnt it?

0.8% p.a.​

& highly upfront w their fees

US Securities and Exchange Commission (SEC) fees (applies to sell trades for US-listed ETFs) -​

0.00051% of the value sold​

+​

all​

Underlying fund-related fees (e.g. Management Fee, Trustee Fee, Valuation Fee etc.) payable out of the Funds to the Managers, the Trustee and other parties​

they recently re - coined its robo name & Image

https://www.uobam.com.sg/uobaminvest/individual/index.html

but as expected too much bonds & .... https://www.uobam.com.sg/uobaminvest/individual/how-we-invest.html#:~:text=Equities asset classes,derive return estimations

Yes uob is very upfront and i was more or wondering why set up a thread for such a fund???

why not set up one for franklin templeton too

 

[JetStorm]

No updates from UOB even tho i requested a callback. Guess they dont want my business. LoL

 

[dappermen]

Yes, me too!!! they refuse to reply email!!!!! usu my UOB is rather Fast

No updates from UOB even tho i requested a callback. Guess they dont want my business. LoL

evn though i m small player

 

[$ingaporean]

I don't think you get how the industry works, especially with unit trusts that is sold by POEMS and dollardex for "free"

Unit trusts can technically be "free" only because there is trailer fees paid by the fund managers to the service provider (dollardex, UOB, private banks, your hot DBS RM). This is a form of recurring fee between the service provider and fund manager that eats into the returns just like how robo fees eats into the returns, just less transparent.

Nothing game changer with UOB offering. Just marketing Nia.

Comparing dollardex and likes of endowus where dollardex does not charge platform fees and endowus does not charge trailer fees, which is the lesser evil?

 

[s0crates]

Comparing dollardex and likes of endowus where dollardex does not charge platform fees and endowus does not charge trailer fees, which is the lesser evil?

If you are new stick to Endowus advised portfolio.

If you are experienced and can count what is cheaper just go with whatever is cheaper.

 

[dappermen]

they replied!!!!!!!!!!!!!!!!!!!!!!!!!!


The Growth solution invests in equity funds and is of the highest risk profile out of the 3 solutions. The solution consists of equity funds which invest in companies that are participating in future trends such as Artificial Intelligence.

Please note that the fund does not provide any payout. If you prefer a fund that provides monthly payout, you can consider the Income solution that invests in income generating equities, bonds and multi asset allocation funds.
some1 keep sayg there is Dividends payout???


on the fund’s expenses -
Investors pay 0.8% sales charge at investment.

Please see below for the other ongoing fees that will be charged to the fund’s NAV.

1. Annual Fund Management Fee: 0.5% p.a.

2. Other fees (annual): The running cost ranges between 0.25% to 0.42% and the running cost includes trustee fee, custody fee, account & valuation fee, admin fee, audit fee, etc.

As the fund is less than 1 year from inception, we do not have the fund’s actual fund expense ratio.

 

[proton_cannon]

dollardex and uob no platform fee is a plus as your investment in the platform grows larger. You will find endowus get quite expensive as your investment get past a larger sum like a big 5 or 6 digit figures and above - holding them over years

Comparing dollardex and likes of endowus where dollardex does not charge platform fees and endowus does not charge trailer fees, which is the lesser evil?

 

[s0crates]

dollardex and uob no platform fee is a plus as your investment in the platform grows larger. You will find endowus get quite expensive as your investment get past a larger sum like a big 5 or 6 digit figures and above - holding them over years

What you say doesn't make sense - just because you don't pay for the cost directly doesnt mean it's cheaper... Just calculate the lowest all in fee then you will be better off long term.

Not like you can get referral fee discount on those other platforms also. Hahaha

 

[dappermen]

uob Alwys dont come cheap!!!!!!!!!! just sharing



https://www.uob.com.sg/personal/inv...a:mighty:290721-310821:mfd:mfdaug21:na&vid=na