What are the costs involved in investing into the Infinity US 500?
For a monthly RSP, would investing into the Infinity US 500 on POEMS be the cheapest method? From POEM’s website, I note a 0.475% AUM and a 0.25% Annual Trustee Fee. Are there any additional costs associated with this fund? What about the initial Sales Charge?
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Jonathan Chia Guangrong
17 Feb 2020
SOC at Local FI
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Why buy this for 0.45%, or 0.7%, (or in the future as the fund's prospect mentioned range given: up to 2.0%) annual fees, when it is imaging the S&P500 index passively?,
which can be had:
-in the U.S. for 0.07 to 0.08 % (tickers: VOO, IVV)
-in Europe for 0.09% (iShares Core S&P 500 UCITS ETF (Acc), tickers: CSPX, SXR8)
That, currently, would be 10x the fees for your mentioned fund.
More on my thinking:
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If you buy units in the Infinity US 500 fund on POEMS, there is no sales charge. However, the expens...
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I'll avoid the Infinity US 500 fund if I were you. Costs doesn't make sense as Frankie mentioned. There are several choices when it comes to investing in the S&P500: https://www.investopedia.com/investing/top-sp-5.... Do pull the trigger only if you think the index will continue to rise further.