This is a very inferior investment product,
because, as given in the fund's factsheet:
-since it's inception in 2018 it underperformed it's own given class benchmark by 2% (!) and had even negative (!) returns over it's whole existence. Subtract also the annual Singapore inflation rates from these numbers to see what happens to your net money. See the Chart included below to see how much % performance you could have achieved over the same period with hassle free self investing into most basic, large and cheap ETFs:
VT (global stocks), VOO (U.S. S&P500), FBND (global bonds), AGG (U.S. bonds).
-it is very small: AUM around 20 mio SGD and thus prone to closure (to survive longterm because of cost efficiency needed it is stated that a fund's AUM should at least have 100 mio USD equivalent)
-it is a 'fund of funds' as you can read from the given holdings. And though the total annual fees seem low (TER max 0.50% per year. the typical UT charges 1.5-2%) this seems like a "trick" of the fund company: the single UT's held in this mix of funds and ETFs product create also high annual fees which are most probably not stated on any annual account statement and thus hidden to your eye because they are - as for this fund itself - calculated into the NAV (net asset value) on a daily basis.
F. ex. the holding LionGlobal Asia Pacific S$ UT that makes up 22.1% of the total fund charges hefty 1.50% annual fees.
To be fair, the ETF fees there will, of course, be lower.
-it is an 'active' UT/ETF picking investment product and these approaches very probably mostly do not work
Conclusion: underperformance, all weather name but value proposition not fulfilled.
Also, even when you could start with only small investment sums, TD Ameritrade now is a 0.00 USD (!) fee U.S. stock markets online broker. So there are no high 'relative' investment fees with small sums anymore: there are virtually no relevant fees.
This is a very inferior investment product,
because, as given in the fund's factsheet:
-since it's inception in 2018 it underperformed it's own given class benchmark by 2% (!) and had even negative (!) returns over it's whole existence. Subtract also the annual Singapore inflation rates from these numbers to see what happens to your net money. See the Chart included below to see how much % performance you could have achieved over the same period with hassle free self investing into most basic, large and cheap ETFs:
VT (global stocks), VOO (U.S. S&P500), FBND (global bonds), AGG (U.S. bonds).
-it is very small: AUM around 20 mio SGD and thus prone to closure (to survive longterm because of cost efficiency needed it is stated that a fund's AUM should at least have 100 mio USD equivalent)
-it is a 'fund of funds' as you can read from the given holdings. And though the total annual fees seem low (TER max 0.50% per year. the typical UT charges 1.5-2%) this seems like a "trick" of the fund company: the single UT's held in this mix of funds and ETFs product create also high annual fees which are most probably not stated on any annual account statement and thus hidden to your eye because they are - as for this fund itself - calculated into the NAV (net asset value) on a daily basis.
F. ex. the holding LionGlobal Asia Pacific S$ UT that makes up 22.1% of the total fund charges hefty 1.50% annual fees.
To be fair, the ETF fees there will, of course, be lower.
-it is an 'active' UT/ETF picking investment product and these approaches very probably mostly do not work
Conclusion: underperformance, all weather name but value proposition not fulfilled.
Also, even when you could start with only small investment sums, TD Ameritrade now is a 0.00 USD (!) fee U.S. stock markets online broker. So there are no high 'relative' investment fees with small sums anymore: there are virtually no relevant fees.