Martin Lee @ Sg
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LionGlobal Europe Balanced Fund

I was looking through some European funds and happened to see this LionGlobal Europe Balanced Fund.

The fund actually allocates all its assets to two Vanguard Funds – the Vanguard® European Stock Index Fund and the Vanguard® Euro
Investment Grade Bond Index Fund.

I was quite surprised to find this fund as there is really a lack of index funds in the Singapore unit trust marketplace. Most of the investors who are familiar with index funds will probably know about the Infinity series, but I think most people do not know about this LionGlobal Europe Balanced Fund.

For one thing, the name itself gives no clue to its exact nature. Perhaps the fund had started off differently but changed its investment objectives along the way.

Amazingly, the fund has been around since 1998 but the fund size is currently only a little over S$3 million. Due to the small size, expense ratio is a whopping 2.16%, which is really high for a fund that allocates all its assets to index funds.

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6 comments
lizardo says 9 years ago

That’s news. Are there any sources that suggest Vanguard intends to do so in Singapore?

Reply
    lioninvestor says 9 years ago

    Hi Lizardo,

    They are still considering it internally but whether it takes off or not is still an unknown.

    It’s a chicken and egg problem. They won’t launch something unless there is sufficient demand and they won’t know whether there is sufficient demand or not until they launch it.

    Reply
Rhincodon says 9 years ago

Interesting; so that’s one more Index fund but with (yet again) ridiculous expense ratios. We need Vanguard to set up shop here! Otherwise, ETFs would be the next best thing.

Reply
    lioninvestor says 9 years ago

    Hi Rhincodon,

    From what I know, Vanguard is currently exploring this option.

    Reply
      Rhincodon says 9 years ago

      That’s great news, Lion. Hope the expense ratio they will have over here would be comparable to the US ones.

      Reply
Charles says 9 years ago

“Due to the small size, expense ratio is a whopping 2.16%, which is really high for a fund that allocates all its assets to index funds”

Basically a fund that does nothing except getting money from you; if that does not show that the bankers are only here to steal your money…

Reply
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