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?

Hi Anon,

There are several factors that we take into account before using unit trusts as an investment vehicle.

1. We choose low cost SGD denominated/hedged unit trust that are low cost in the first place

2. ETF has a bid-ask spread that is a hidden cost of investment

3. It is impossible to invest a full, small amount into many different ETFs without comingling of funds (or fractionalising of ETFs). With Endowus you can invest $100 into 8 different unit trusts,

Hope this explains!

Usually is the Endowus access fee + the UT/MF annual expense ratio after any rebates. Depending on the portfolio, the fees differ.

Depends on whether you prefer to manage your own portfolio and do your own transactions with the ETFs?

Endowus provides a service and has to be paid for the service.