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Anonymous

03 Jun 2021

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Endowus Unit Trusts instead of ETFs?

Why doesn't Endowus allow ETFs such as VOO with an expense ratio of 0.03% and uses LionGlobal Infinity US 500 Stock Index Fund with much higher expense ratio even after the trailer rebate? Is there any hidden charges with Endowus or with the unit trusts?

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Endowus

03 Jun 2021

Hi Anon,

US-listed ETFs like VOO, while having low total expense ratios, are subjected to estate tax duties in case the unit holder pass away. You also incur FX conversion costs when you transact in foreign dollars.

We transparently disclose all the charges that our clients incur. Hope this helps.

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Tan Choong Hwee

31 May 2021

Investor/Trader at Home

Here is an Endowus article on unit trusts vs ETFs:

The real difference between unit trusts and ETFs

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Hi, what’s the difference between unit trust and etfs? I read on one of seedlys blog that UT are active funds but Endowus mentions it as passive.. a little confused there?

On the website it mentions that EndowUs offers "best in class mutual funds (or unit trust funds)". In this case, what are the total net fees? Won't ETFs be better?

Why do financial advisors prefer to use unit trusts instead of etf for investments recommendation?

What's the difference between unit trust and ETFs? Seems like ETF is the more popular option but STI ETF has a unit trust option as well?

Are Unit Trusts more expensive than ETFs? I just realised I actually bought the STI ETF unit trust rather than the normal ETF? Is there a difference?

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