Comments on: MyHome Fund Launched by POSB

By: Desmond

Desmond — Fri, 16 Mar 2012 08:04:32 +0000

Just to lay to rest the point on double charging of management fee, I lifted this off their prospectus

The management fee payable by each Fund to the Underlying Funds
will be rebated back to the relevant Fund if the Underlying Funds are
also managed by the Managers. Where the Underlying Funds are not
managed by the Managers, there will be no rebate of the management
fee from the Underlying Funds to the Funds.

By: Vincent

Vincent — Sat, 05 Sep 2009 17:00:30 +0000

I still prefer to invest in STI ETF through POEMS ShareBuilder Plan, for monthly amount between 600-1000, only costs about $6.42, so it’s about or less than 1%. Not good if you want to invest only 100-200 though. I think POEMS doesn’t really earn lot of money from this, that’s why it hardly appears in ads.

I would like to see other lower cost fund emerged based on ETF too.

By: Intheknow

Intheknow — Tue, 25 Aug 2009 03:55:48 +0000

a fund’s NAV is quite untransparent. how do you know they didn’t actually double charge management fees?

let’s wait and see if MyHome’s NAV would be exactly:

x% of DBS STI ETF + y% of DBS Bond Fund.

By: lioninvestor

lioninvestor — Mon, 24 Aug 2009 18:26:13 +0000

Hi Cloud,

There was a public response in The Edge by DBSAM that there will be no double charging of management fees. The investor will only be hit with one layer of charge.

By: lioninvestor

lioninvestor — Sun, 16 Aug 2009 11:56:27 +0000

Hi Cloud,

It was reported by Lorna Tan in today’s Sunday Times that the management fees would be rebated, so she must have gotten it from somewhere.

It can be easily verified by going through the prospectus.