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

Anonymous

07 Jun 2019

General Investing

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

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

Discussion (3)

What are your thoughts?

Learn how to style your text

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.

View 1 replies

Cheng You Yi

20 Dec 2018

Financial Advisor/Remisier at Phillip Securities Pte Ltd

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.

Write your thoughts