Saturday, August 12, 2006

Investor wants indexed fund with even lower charges

Hi Mr Tan,

Thank you for the interesting seminar on 2 Aug. Glad that your investment funds have the lowest expense ratio in the market.

When you initiate a global equity or bond index funds which will lower expense ratio by at least 50% ?

Note: Many studies have recommended index funds for long term investors.



This may take another one or two years to be available. We have to sort out other more pressing issues first. I suggest that you invest in our actively managed fund for the time being.

Tan Kin Lian
CEO, NTUC Income

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