How endowus is able to maintain a 2.7% rate for its endowus cash smart account even now? Do you expect this to continue or is a drop expected in the months ahead? Stashaway simple is already below 2%.?

Hi Kenneth, for LionGlobal SGD Enhanced Liquidity Fund Class I, there is a minimum initial investment of $1,000,000 and subsequent minimum holding of 1,000,000 units. (Refer page 83: https://lgi.dzhintl.com/doc/uploads/documents/index.php?type=PPHS&fid=UMNWS&lang=EN). Due to practicality reasons, most investors would not be able to dedicate so much into an investment.

Yang Teng gave us one good reason. But bottom line is that as individual investors we often get screwed by the system. We get access to only costly Retail funds, that have high ongoing annual fees, but get charged even more fees in form of upfront sales charges, custody fees or transaction fees, etc. etc. We have given individual access to institutional share class, we have negotiated the biggest trailer fees and instead of keeping them like iFast FSM, Dollardex, POEMS or other distributors(that's how they make so much money from "zero" fees!! haha = these are commissions kicked back by the fund managers to them but it actually comes from you - the investors - and the higher fund level fees you pay. So it's actually worse because it's hidden and not transparent. I always laugh when people say but Fundsupermart or Dollardex is zero fees - as they make so much money on trailer fees), we actually 100% rebate them all back to the customers and don't keep a single cent. We only charge a transparent all-in advice fee. It works out to about 33~67% cheaper than using a DIY platform and even cheaper compared to banks or any other distributor.