Ever look at United Asian HY Bond Fund/First State Global Infrastructure/Not sure what European Technology fund (better than Henderson which is what TA is feeding into)?

No because I did a calculation with excel for every SGD1k/year you invest over 10 years period, FSM SG will make about SGD220 from you versus SGD75 from Philips POEMS.

For me the reason to go for Singapore funds are
i) You're only paying 0.75% SC compare to 2% SC if you use Philips POEMS. Heck you can even buy at 0% SC (FSMOne) but that will require ninja trick for Singapore platform (different from Malaysia ninja trick).
That 1.25% adds up overtime
ii) There are funds over in Singapore which outperform the Malaysian funds (REITS, Asia Pacific, US sectors, technology sectors) 3 years in a row
iii) Wider selection of funds (US REITS, AP REITS, global infrastructure, healthcare, Japan smallcaps, etc)
iv) Funds which depends on Fx differences are basically like holding on paper money. I prefer funds which can increase based on it's own strength + FX exchange.
v) Another one is say the price. Let's say MYR depreciate further by another 20% vs 5% by SGD, one can get the the fund at "cheaper price" by getting the Singapore fund as for Malaysian fund, one will have to pay the 20% increase in the price of the NAV versus only 5% increase in the NAV. (Not sure if I am clear or not).
vi) See what happen to Argentina/Venezuela. They impose people from bringing out their currency to protect their own currency.

These are just my personal opinion.

You didn't know? BNM force them to convert 75% of their earnings back to RM within 3 months. Imagine you are holding USD and MYR/USD will depreciate to USD1 = MYR5. Because BNM force you to convert, you had no choice but to convert at 4.5.

This post has been edited by Ramjade: Dec 19 2016, 09:50 AM

Sorry if you say cost is not important, why bother buying from FSM Malaysia? Better buy from agent and kena charge 5.5% right? Cutting down cost = more saving. 1.5% is in the NAV already. That one cannot save. But save where you can. i.e: Service charge. If I want to save, I will go for ETF (that's my long term plan), Right now, no account cannot do anything. Waiting for account to be approve.

Why bother paying 0.4%/pa (FSMOne) when Philips giving only 0.75% one time charge? What's 3% saving? I already calculated. For every SGD1k you park inside FSM/Philips per year for 10 years, FSM earns about SGD2200 while Philips only earned SGD750.

If you add another zero to 1k to make it SGD10k/year, FSM will earn SGD22000 and Philips only earn SGD7500 from you. SGD22000 might not be alot for you. But that's alot for me.

Further proof


By choosing Philips, one save 65.91% over 10 years which if annualized is 6.591% pa. FSM platform fees of SGD2200/SGD10k is 22% of your money. Almost 25%!!! Compare that to SGD750/SGD10k. Only 7.5% (still acceptable)

Now tell me again cost is not important.


Cost is an important part. Never underestimate cost as it add up overtime. Eg is shown above. If people tell you cost not important either:
1) Person have too much money
2) Never do calculation enough

This post has been edited by Ramjade: Dec 19 2016, 02:02 PM

Ask yourself, can you repeat fund manager's performance? Do you have the money to buy stocks to make sure the broker fees is lower than UT fees? For Malaysia market, one will need min RM8k to make it worth while (Dividend Magic blog). DO you have time to monitor?

For me I answer no to all 3.

I agree. Doing the stocks way is doable but need upfrant large amount which I don't have.

100 unit yes. But your broker charge? If you buy SGD1k worth, with SCB SGD10, it's already 1%. To make it 0.1%, one would need at least SGD10k.
Not to mention other broker which charge SGD25.

Not if you are a walk in customer. Besides it's only one time payment. And it will be cheaper if done via Govt instead of private.. How much are these cost compare to FSM charges over time?

Nope no need. They told me walk in customer is alright even if you are a Malaysian.

Nope. Just take a night train to Singapore, Reach in the morning. Take another night train back to Malaysia. No accommodation cost. For food, I can survive 1 day on bread. I already planned out in case my application from Malaysia tak jadi.

Alternatively, you can get DllarDex to mail the forms to you and you mail them back.

Still cheaper than FSMOne in the long run.

AIYH where did you find the option to filter risk return ratio?

Oh that. Thanks.

AIYH, what's your option between

CIMB-Principal Asia Pacific Dynamic Income Fund Class SGD
First State Dividend Advantage
First State Asia Opportunities Class A ACC



I can't find 5 years info for Ponzi 2 - SGD so I use Ponzi 2 -MYR.

Orange = First State Global Umbrella PLC - Asian Equity Plus Fund = First State Dividend Advantage
Red = First State Global Umbrella PLC - First State Asia Opportunities Fund = First State Asia Opportunities Fund
Blue = CIMB-Principal Asia Pacific Dynamic Income Fund Class MYR

This post has been edited by Ramjade: Jan 17 2017, 06:20 PM

Actually if you look at 1 year result from Ponzi 2 - SG, it beats them. But 1 year too short.

I am spoilt for choice to choose between the 3 funds or just go for United Asian HY Dist Bond Fund.

This post has been edited by Ramjade: Jan 18 2017, 02:12 PM

I know different animal. I am looking for a Asia Pacific portfolio. Can be equities, can be HY bond. Doesn't matter to me. REITS different part. I am looking for at least 9-10% pa returns or higher

Ya both move with interest. However it doesn't matter for me as long as it can achieve my goals. If EQ can reach, then EQ is it. If HY bond can reach, so be it.

Will do. But how to let you know if one needs to hold min 3 years?

Alright. Will do.

I haven't receive my Philips log in details yet. Also, I have limited cash in SGD (my mistake of bringing little as I thought can not open).

This post has been edited by Ramjade: Jan 19 2017, 12:24 PM

What am I looking for?
Ponzi 2

First State Dividend Advantage


Reply from Phillip
This post has been edited by Ramjade: Jan 25 2017, 03:45 PM

FSM are losing customers to both Phillip and DollarDex because of the platform fees. Had they not introduce platform fees, but lower their SC, they might retain some of their customer.

Why? Look at the interface/info from FSM compare to Phillip/Dollardex.

Well according to their website, they do.
https://www.eunittrust.com.sg/Faq.aspx?Id=22&CategoryId=2

Keep in mind
You cannot open account online. If you apply from Malaysia, you will need commission of oath to verify all documents and then mail it down via traditional post. If you visit their branch, then no need all the hassle.

Platform fees is a very bad as it charge you regardless you make a purchase or not. So those holding and did not buy anything willed be charged annual platform fees.

I would have gladly choose FSM SG over Phillip had it not been for their platform fees. I don't believe in paying for something on a yearly basis if I never purchase anything.

Well FSM SG can keep their platform. I will keep my money.

This post has been edited by Ramjade: Jan 25 2017, 04:33 PM