The Singapore Index Fund is invested to track the ST Index. This can be bought in SGX like an ETF. I was told that it can also be bought like a unit trust. The annual management fee for this fund is 0.55% (i.e. slightly higher than 0.3% for StateStreet and 0.28% for DBS). However, being a unit trust, it allows smaller quantities to be bought, instead of 1,000 units in an ETF. If you have personal experience in investing in this fund, please share it.
The DBS STI ETF is available in lot of 100 shares.
ReplyDeleteDear AB
ReplyDeleteThe minimum cost of buying 100 lots of DBS is $25 (or whatever). It can amount to nearly 10% of the amount invested. It is too costly to buy in 100 lots.
"It is also sold like a unit trust"
ReplyDeleteAnyone knows which distributors are currently selling this fund?