Is Fundsupermart or Poems better for long term investments of trust funds? - Seedly
 

Investments

Asked by Anonymous

Asked on 18 Dec 2018

Is Fundsupermart or Poems better for long term investments of trust funds?

New to investing, but am keen to buy some tech funds

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Cheng You Yi
Cheng You Yi
Level 3. Wonderkid
Answered on 20 Dec 2018

Hi, are you looking into ETFs (echange traded funds) or unit trust/mutual funds. For Unit trust funds, POEMs has zero sales and platform fees.

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Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Updated on 07 Jun 2019

Edit: This comparison is for ETFs

To compare apples with apples, we'll use SGD 100 monthly, investing in SGX. Since there are many sucessive purchases over long time, small charges including management cost can accumulate into large sum.

For POEMS, you'll have to pay 0.12% for each purchase and 0.0075% to keep SGX's lights on. In total, charges will be 0.1275% + GST. For FSM, trading fee is 0.08% and similarly 0.0075% for SGX Access Fee. This will bring total to 0.0875% + GST. Management cost wise, FSM is cheaper. As you get more proficient and thinking of venturing into other markets, you'll have to make the comparison again, taking into account the same market/fund, currency charges, coparate action fee and dividend fee.

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John Doe
John Doe

23 Dec 2018

For ETF. FSM would be cheaper. There is no guarantee though FSM will not start charging platform fee for ETF in future. Remember also POEMS has been around longer and trust is with CDP. Safer compared to FSM esp. with srs accounts