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Category Archives for Mutual Funds
Cap of CPF Wrap Fee for Fund Investments
Since 2006, the CPF Board has been undertaking measures to progressively lower the cost of investment and improve the quality of funds under the CPF Investment Scheme (CPFIS). From 1 July 2012, the CPF Board will subject the wrap fee charged for CPF Investment Scheme (CPFIS) investments to a maximum limit of 1% per annum. […]
Navigator Transaction Delay Recovery
Yesterday, I received a letter from Navigator apologizing that one of my trade redemption requests was processed one day late. As a result, the redemption for one of my funds was transacted at a price of 1.480 instead of 1.483. On their own initiative and even before I had found out about the delay, Navigator […]
DBS Asset Management Ltd renamed Nikko Asset Management Asia Limited
DBS Asset Management Ltd (“DBSAM/星展资产管理有限公司”) has been renamed to Nikko Asset Management Asia Limited (“Nikko AM Asia/日兴资产管理亚洲有限公司”) with effect from yesterday. The renaming follows Nikko AM’s acquisition of DBSAM from DBS Bank Ltd (“DBS”) on September 30, 2011. As a result, the majority of DBSAM’s funds have been renamed with the prefix “Nikko AM Shenton”. […]
Aberdeen Asian Local Currency Short Duration Bond Fund
The Aberdeen Select Portfolio – Aberdeen Asian Local Currency Short Duration Bond Fund is a fund that was made available in Singapore a few months back by fund house Aberdeen Fund Management. The underlying fund invests at least two thirds of its assets in short duration (maturity of three years or less) debt and debt-related […]
Bryan Robson Misfiring Football Fund
Former England and Manchester United captain Bryan Robson has gotten into a fair bit of trouble after he was caught in a TV sting by Channel 4’s Dispatches programme. During an exchange with undercover reporters, Robson advised them to buy Sheffield Wednesday, telling them they could make up to £300 million by gaining promotion to […]