Anonymous

27 Mar 2020

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Is there any functional difference between the Infinity US 500 Stock Index Fund vs Vanguard S&P 500 index fund?

Based on my understanding, the Infinity US S&P 500 Stock Index Fund is an SGD denominated fund that acts as a feeder fund into the main S&P 500 index fund offered by Vanguard (VOO).

Is there any functional difference between investing into either of these funds, assuming I'm using a Singapore-based broker like DBS Vickers? I'm guessing investing in the Infinity fund will incur less cost since it is offered in SGD and can avoid FX charges and FX risk.

Thank you!

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Jonathan Chia Guangrong

08 Jan 2020

SOC at Local FI

Do note that VOO is an Etf which charges a 0.03% fee per year while the infinity version is a unit trust with a boatload of fees (https://www.bloomberg.com/quote/OCBINDX:Sp). And the fees for infinity are not fixed and may increase.

If you want to invest into the S&P500, it'll be best to use Etfs tracking this index. Look at VOO, SPY or the Irish domiciled equivalents.

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