UOB Simple Invest

[JetStorm]

Seems like UOB refreshed their robo platform again? Anyone already in it?

 

[Shutterfly]

0.8% is higher than other offerings in the market?

 

[s0crates]

0.8% is higher than other offerings in the market?

This is a one time sales charge.

But they use retail share class unit trust I think so the TER is going to be high. UOB is earning from trailer fees.

 

[JetStorm]

This is a one time sales charge.

But they use retail share class unit trust I think so the TER is going to be high. UOB is earning from trailer fees.

From uob simple invest page...

Q1 Are there any fees for investing into SimpleInvest?

Investors will only be required to pay a sales charge of 0.8% of the investment amount at the point of sale. This is deducted when you place your order.

There is no sales charge for the United SGD Money Market Fund.


Q2 Do I need to pay a platform fee when I invest via SimpleInvest platform?

There is no annual platform fee.


Q3 Besides the sales charge, are there any other fees to be paid for my investment?

Besides the sales charge that is charged upfront at subscription, the asset manager of the fund will also charge an Annual Management Fee for managing the fund.

Other fees include administrative costs of maintaining the fund such as custodian, trustee and accounting fees.

These fees would be deducted from your fund’s Net Asset Value (NAV) and of no additional cost to you.

 

[zoneguard]

United Enhanced Income Select
and
United Enhanced Growth Select

TER not known yet.

 

[kimsix]

United Enhanced Income Select
and
United Enhanced Growth Select

TER not known yet.

So is a unit trust that holds other unit trusts?
TER should be exp af...funds NAV = 11.61%, funds NAV after charges = 6.03%. am i right?

 

[JetStorm]

So is a unit trust that holds other unit trusts?
TER should be exp af...funds NAV = 11.61%, funds NAV after charges = 6.03%. am i right?

You are right that FOF will be more expensive than normal mutual funds. but taking the balanced portfolio for example... their projected returns is 4 to 6% returns should be enticing enough given a monthly dividend return.

I think its good for people who like to see incoming money into their account every month.

 

[dappermen]

This is a one time sales charge.

But they use retail share class unit trust I think so the TER is going to be high. UOB is earning from trailer fees.

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

 

[dappermen]

their projected returns is 4 to 6% returns should be enticing enough given a monthly dividend return.

where did u see this 4 to 6% returns ? & where stated monthly dividend ?

but my Endowus Smart (DIY) funds, nt evn ETFs alrdy given me MORE than 7.7% return evn in less than 5mths!!!
i only started it early Feb

 

[zoneguard]

I think its good for people who like to see incoming money into their account every month.

You might want to read this: https://investmentmoats.com/passive-investing-2/income-fund-pays-from-capital/

 

[Shutterfly]

You are right that FOF will be more expensive than normal mutual funds. but taking the balanced portfolio for example... their projected returns is 4 to 6% returns should be enticing enough given a monthly dividend return.

I think its good for people who like to see incoming money into their account every month.

May I know where did they state monthly payout? Thanks.

 

[zoneguard]

May I know where did they state monthly payout? Thanks.

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.

 

[JetStorm]

where did u see this 4 to 6% returns ? & where stated monthly dividend ?

but my Endowus Smart (DIY) funds, nt evn ETFs alrdy given me MORE than 7.7% return evn in less than 5mths!!!
i only started it early Feb

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

Will need to confirm with UOB on this. I have arranged for a call back. Will provide more info when I get it.

Everyone wants a piece of the robo pie lah. I think its good effort on UOB to comeup with this to compete with dbs digi portfolio and ocbc roboinvest.

If wanna compare with DIY in terms of returns of coz no fight lah. Have to compare apple to apple mah.

If UOB markets their simpleinvest with only the 0.8% sales charge to us with no monthly fee. I think its a deal breaker compared to those that need to pay a monthly fee.

 

[JetStorm]

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.

Thanks for helping me answer that!

 

[s0crates]

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

Will need to confirm with UOB on this. I have arranged for a call back. Will provide more info when I get it.

Everyone wants a piece of the robo pie lah. I think its good effort on UOB to comeup with this to compete with dbs digi portfolio and ocbc roboinvest.

If wanna compare with DIY in terms of returns of coz no fight lah. Have to compare apple to apple mah.

If UOB markets their simpleinvest with only the 0.8% sales charge to us with no monthly fee. I think its a deal breaker compared to those that need to pay a monthly fee.

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.

 

[JetStorm]

You might want to read this: https://investmentmoats.com/passive-investing-2/income-fund-pays-from-capital/

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

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.

 

[JetStorm]

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.

Yes I agree that it is all about marketing. Different marketing appeals to different people.

 

[s0crates]

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

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.

I feel bad for syfe here. There are acting as a fund manager and taking a fairly low fee including brokerage, custodian and all the fees related to maintaining the fund and you think it's expensive?

You should just look at all in fees and compare.

 

[zoneguard]

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

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.

Say , vendor U doesn't charge any fees other than initial sales charge BUT:
Every year, the NAV of the funds drop by $450 for a $100K portfolio. That's the TER of the fund.

How will you choose?

 

[JetStorm]

I feel bad for syfe here. There are acting as a fund manager and taking a fairly low fee including brokerage, custodian and all the fees related to maintaining the fund and you think it's expensive?

You should just look at all in fees and compare.

Say , vendor U doesn't charge any fees other than initial sales charge BUT:
Every year, the NAV of the funds drop by $450 for a $100K portfolio. That's the TER of the fund.

How will you choose?

Hey guys chill, Im not promoting UOB or anything, just comparing UOB with their closest competitors and sharing my views on current available data. Until UOB is able to provide their TER, no true comparison can be done.