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Anonymous
Looking at Fund Smart.
Let's say we have the same funds available in both Endowus and in another diy platform. Besides trailer fee rebate from Endowus, are there any other differences in terms of how the underlying funds are managed? NAV, holdings, % holdings, capital management etc?
Again, to reiterate, I am referring to the same funds, same share class, same SGD hedge, same fund manager.
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Endowus
05 Jan 2021
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You should consider the sales charges/transaction/platform costs of the other platform versus Endowus. Endowus charges are all inclusive and ongoing, other than the underlying funds’ TER.
For the funds-wise, the fund manager runs it the same, other than the trailer fees rebate. The TER will be the same.
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Hi Anon,
We allow investment denomination starting from $100, compared to other platform which starts at $1,000.
Also, if you were to choose a basket of funds from a DIY platform - you have to DIY rebalance, constrained by the $1000 investment denomination stated above. At Endowus, rebalancing can be automated, in the case of a threshold breach or in the case of new investments into the same goal.
Hope this explains, or you can read more here: http://sg.endow.us/2LpW3pB