Asked by Anonymous
Asked on 12 Sep 2019
Hi all, I am a new user of StashAway and have some questions that I will like to consult everyone in this community.
I have invested 1k with StashAway and understand that the charges will be annual fee + currency conversion fee + fees charged by ETF manager which means 0.8% + 0.1% + 0.2%.
Hence, can I confirm that my actual returns from StashAway will be the returns reflected on their dashboard minus 1.1%?
1) The currency conversion fee is 0.1% and its a one-time fee when you first deposit SGD for them to switch to USD (not applicable if you chose their SGD income portfolio)
2) The annual management (0.8%) and ETF manager fees (0.2%) are annual and will be charged annually.
So annually, it's closer to 1% PA charge on your dashboard.