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Category Archives for Mutual Funds
DBS Cuts Sales Charge for Unit Trusts
DBS has recently started taking drastic steps to gain market share in the sale of unit trusts. They have implemented a 1% sales charge policy on the sale of any unit trusts under their platform. This rate is even more competitive than the 2% or 1.5% found in other online unit trusts platform providers. In […]
MyHome Fund Launched by POSB
POSB yesterday announced the launch of MyHome Fund, a fund that allows investors to gain exposure to Singapore bonds and equities by investing into two Exchange Traded Funds (ETFs) – DBS Singapore STI ETF and ABF Singapore Bond Index Fund. MyHomeFund is a mid to long term investment and there are currently two portfolios to […]
Singapore Ranked C in Fund-Investor Friendliness
Global fund research firm Morningstar last week published the results of a study that measures the “investor-friendliness” of the mutual funds industry in 16 countries worldwide. Singapore was given an overall ranking of “C” from a possible grade of A to D. Some of the factors that were evaluated included transparency of the fees and […]
Descartes Athena Fund Frozen
Last week, Hong Kong’s Securities & Futures Commission acted to freeze more than $100 million in assets of Hong Kong-based hedge fund Descartes Athena Fund due to suspicion of fraud. Coming after a couple of high profile hedge fund scams that were uncovered recently, this latest case involving Descartes Global Asset Management only serves to add on to […]
Pru Yield 15 and Yield 20
The Pru Yield 15 and 20 are investment products that aim to payout 3% p.a and 4% respectively in coupon and give 100% principal protection at maturity on 10 Jun 2010. The 100% return and coupon payout is dependent on a few factors, among which: 1) Out of a list of 100 companies, there are […]