Sunday, February 10, 2008

Low cost index funds

Hi, Mr. Tan

I lament the fact that Singaporeans lack access to really low-cost funds like Vanguard's. Currently, for index fund fans, we only can buy the Infinity series and those cross-listed ETFs on the SGX. Do you know if Vanguard has any plans in the near time to market their products in Singapore?

REPLY
I am not aware of any plans by Vanguard to introduce low cost indexed funds directly in Singapore. They probably find the market to be too small. I hope that other fund managers may start the low cost funds, within the next one or two years. This will be good for the market and for cost conscious investors.
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1 comment:

Anonymous said...

Yes, I hope fund managers will do so soon (a la what has happened in the insurance industry wrt term insurance), especially when they realise that with an increasingly-educated populace, more investors will clamour for low-cost index funds, as opposed to continuing the loser's game of stock-picking and choosing the usual "Top-5 Best-Selling Funds".

February 10, 2008 4:05 PM

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