US Unit Trust in Endowus?

As Frankie shared often times if you are accessing US ETFs (which are less efficient in terms of FX, Taxes and expose you to unnecessary FX risk, and is often all-in much higher cost especially if you add in the very high robo fees that all 3 charges on top) then there is very little value add to buying an ETF portfolio. You might as well do it yourself and be cheaper.

Endowus saw these risks and costs and said there is a better way to do things for Singapore based investors and solve for these FX, Tax, and Cost issues. One way to do it is to access institutional share classes.

We also wanted to be more than just a simple robo - copying a US business model - we wanted to be a uniquely Singaporean solution for Singapore based investors, and that is why from the get go we wanted to solve for the biggest financial problem - which is to prepare well for our retirement adequacy. If you want to do that, we cannot do it unless we holistically include not only cash and srs like some others do, but to include CPF portfolio.

So we worked hard and finally got approved to be the first and only digital investment advisor for CPF money. The CPF-IS system only allows included funds and have limited ETF access (limited only to STI and you can only buy 35% of the total into ETFS). Because we wanted to buil a globally diversified, low cost solution, we wanted to include passive funds which were not available at the time. So we worked with Vanguard and Lion Global and the CPF Board to bring in Vanguard managed passive index funds into CPF. Now the S&P500 and the Global equities funds managed by Vanguard are available exclusively to Endowus clients for your CPF.

We are therefore always thinking outside the box to solve the major problems of investing and wealth for Singapore based investors in innovative and never done before ways like bringing passive index funds into CPF and introducing 100% rebates to trailer fees. There are many more exciting solutions and services unique to Singapore on the way so please keep a look out for it. We want to make Endowus your go-to wealth platform for all your savings and investment needs!​​​

You could do all that by Yourself with an already available 0.00 USD trading fee online broker, and cheaper then.