What are the pros and cons of Endowus bond portfolio vs AGGU?

Hi Anon,

Rather than go into the pros and cons I would rather state out the facts first

From a benchmark angle:

This is a great question. AGGU tracks the Barclays Bloomberg Global Aggregate (BBGA) index, which invests in corporate bonds, government bonds, mortgage-backed securities (MBS), asset-backed securities (ABS). It consists of investment grade bonds.

The Endowus Cash/SRS bond portfolio invests in actively managed bond funds, 2 of which is benchmarked against BBGA. The main difference from AGGU will be the inclusion of the PIMCO emerging market fund (https://endowus.com/support/360007823193-fund-r...), which gives emerging market bond exposure.

You can read up the pros and cons of active vs passive bond investments here

From a currency exposure angle:

AGGU is USD exposed investment, while Endowus provides SGD hedged investments. Especially for shorter term investing, it is more important to be home currency hedged.

You can read about it here.

From a cost perspective:

With the right brokerage, potentially you can get AGGU more cheaply but with Endowus you get to invest at a small denomination $100 for 4 institutional share class funds, currency hedged, and rebalanced for you.

Thats all, hope that's helpful!

Sheng shi​​​