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.

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Dear

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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