Friday, October 26, 2007

Infinity Funds

Someone sent the following facts to me, about the there Infinity funds available from Fundsupermart.

I understand that these funds are managed by Vanguard and that charges are less than 0.3%. The local distributor add other charges that bring the expense ratio to about 1.1%.

In my view, an expense ratio of more than 1% is high for an indexed fund. I hope that the distributor can bring down the expense ratio.

INFINITY GLOBAL STOCK INDEX
Fundsupermart's Discounted Initial Sales Charge: 1.0 %
Annual Management Charge: 0.48 %
Annual Management Charge (Mother Fund): 0.29 %
Annual Expense Ratio * 1.17%
Website:
http://www.fundsupermart.com/main/fundinfo/viewFund.svdo?sedolnumber=370281

INFINITY EUROPEAN STOCK INDEX
Fundsupermart's Discounted Initial Sales Charge: 1.0 %
Annual Management Charge: 0.48 %
Annual Management Charge (Mother Fund): 0.29 %
Transaction Fee: 0.2%
Annual Expense Ratio: 1.13%
Website:
http://www.fundsupermart.com/main/fundinfo/viewFund.svdo?sedolnumber=370282

INFINITY US 500 STOCK INDEX
Fundsupermart's Discounted Initial Sales Charge: 1.0 %
Annual Management Charge: 0.48 %
Annual Management Charge (Mother Fund): 0.23 %
Annual Expense Ratio: 1.09%
Website:
http://www.fundsupermart.com/main/fundinfo/viewFund.svdo?sedolnumber=370283

3 comments:

Anonymous said...

Dear Mr Tan,

What do you think of the Lyxor Etf?

Are they expensive as well?

Thanks

jiante said...

Mr. Tan,

Is it recommended to buy vanguard mutual funds through online US stock brokerage? (e.g. OptionsXpress)

Tan Kin Lian said...

What are the upfront and annual charge of the Lyxor ETF?

And of the Vanguard Mutual Funds, if you buy through US stock brokerage?

You should ask for the charges and make a comparison.

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