WiseIncome

[BlueRobin]

Read an interesting article today featuring a product from MoneyOwl.

I understand forumers here generally do not like unit trusts but this could be a way for less experience person to latch on Fullerton's expertise for retirement income?

https://investmentmoats.com/money/grow-wealth-receive-recurring-income-moneyowl-wiseincome/

 

[philips107]

Read an interesting article today featuring a product from MoneyOwl.

I understand forumers here generally do not like unit trusts but this could be a way for less experience person to latch on Fullerton's expertise for retirement income?

The fund charges 0.4% which seems OK to me. (not including MoneyOwl's charges, which is 0.3-0.25% until the end of the year)

I think it's a variant of the 60/40 asset allocation, with half of the 60% equity portion carved out for S-Reits which can generate income, and at the same time offer some opportunity for capital appreciation.

 

[limster]

The fund charges 0.4% which seems OK to me. (not including MoneyOwl's charges, which is 0.3-0.25% until the end of the year)

I think it's a variant of the 60/40 asset allocation, with half of the 60% equity portion carved out for S-Reits which can generate income, and at the same time offer some opportunity for capital appreciation.

So with 0.4+0.3=0.7% ends up with a higher expense ratio that LionGlobal All Seasons, which is currently 0.49%. I'll stick with All Seasons for SRS.

 

[philips107]

So with 0.4+0.3=0.7% ends up with a higher expense ratio that LionGlobal All Seasons, which is currently 0.49%. I'll stick with All Seasons for SRS.

Besides the 0.49% fund fees, are there any other fees (platform, advisory/wrap fees) which you have to pay?

 

[BlueRobin]

The fund charges 0.4% which seems OK to me. (not including MoneyOwl's charges, which is 0.3-0.25% until the end of the year)

I think it's a variant of the 60/40 asset allocation, with half of the 60% equity portion carved out for S-Reits which can generate income, and at the same time offer some opportunity for capital appreciation.

All in quite close to 1% (outside of the promo period). For 100K, about 1K. Quite significant.

 

[yuzu28]

So with 0.4+0.3=0.7% ends up with a higher expense ratio that LionGlobal All Seasons, which is currently 0.49%. I'll stick with All Seasons for SRS.

Ur srs solely for all seasons growth?

 

[limster]

Ur srs solely for all seasons growth?

For SRS I have HSBC 3 yr 3% endowment, CapitalCommercial Trust (now merged), and Singtel.

But moving forward, it will mainly be for all seasons growth. If there are good 3 year savings plan in future like the HSBC one, I might also consider.

 

[limster]

All in quite close to 1% (outside of the promo period). For 100K, about 1K. Quite significant.

You are right. The fund management fee is 0.4%, that means the total expense ratio will be higher than that if its a new fund as transaction costs in creating new units will add to the TER. After adding to the 0.3% moneyowl charges, its looking pretty expensive.

Besides the 0.49% fund fees, are there any other fees (platform, advisory/wrap fees) which you have to pay?

The total expense ratio of the Lionglobal All Seasons fund is 0.49%. Of course I choose a platform that doesn't charge any fees for holding the fund.

If the product is so good, why should Fullerton grant Moneyowl exclusivity? Thats just dumb and going to limit their AUM. They should offer it to other platforms, especially those that don't charge silly platform fees .

I'm not against the product - though sometimes it is better to see the track record before investing - i'm against paying platform fees, especially when there are platforms that get along just fine without charging platform fees.

 

[BlueRobin]

If the product is so good, why should Fullerton grant Moneyowl exclusivity? Thats just dumb and going to limit their AUM. They should offer it to other platforms, especially those that don't charge silly platform fees .

I'm not against the product - though sometimes it is better to see the track record before investing - i'm against paying platform fees, especially when there are platforms that get along just fine without charging platform fees.

My guess: Fullerton is minority owned by Income and MoneyOwl is a joint venture between Income and Providend, so perhaps the product is created to generate revenue for MoneyOwl?

 

[philips107]

The total expense ratio of the Lionglobal All Seasons fund is 0.49%. Of course I choose a platform that doesn't charge any fees for holding the fund.

How do I buy unit trusts (such as this Lionglobal All Seasons fund) without paying a platform fee?

Thanks for the advice!

 

[yuzu28]

How do I buy unit trusts (such as this Lionglobal All Seasons fund) without paying a platform fee?

Thanks for the advice!

Poems is 0%. U can check out others like fsmone.

 

[yuzu28]

For SRS I have HSBC 3 yr 3% endowment, CapitalCommercial Trust (now merged), and Singtel.

But moving forward, it will mainly be for all seasons growth. If there are good 3 year savings plan in future like the HSBC one, I might also consider.

For the past years, all my SRS were dumped into ES3. For last year's, I split into a few UTs to try out. All Seasons Growth is one of it. I seem to have more luck in UT.