I have been with FSM for quite some years, just simply because of it low sales charge, 0.5% for lump sum and 0% for RSP unlike most of the sg local bank like UOB offer me 2.5% for the sales charge.

I still doing a RSP every month to bought into below 5 funds, the amount will be auto GIRO from my SG account. 0% sales charge why not right ?

1. Allianz Europe equity growth
2. Allianz income and grow
3. BlackRock multi asset income fund A6 sgd hedged
4. First state dividend advantage SGD
5. United greater China fund

Basically buy in every month is to do a dollar averaging.
This act as my satellite portfolio as you can see only BlackRock GMAI is a core fund, others 4 are tactical.

This post has been edited by terence_say: Nov 5 2015, 08:29 AM

If you are going to a regional tactical fund.
Europe market and Japan market with QE is worth a look.

Europe may can have a look at Allianz Europe equity
Japan may can look at Eastspring Japan dynamic

If higher risk taker, Indonesia and India pure equity fund is suitable for long term, try to choose those accumulate and without dividend payment for tactical equity.

But ofcourse, first state DIVA are all the way the best selling fund especially for CPF OA investment. Constant divident, 1% of NAV every quarter with proven upside possibility is the best selling point.

If you are higher risk taker and looking at a sector fund
Healthcare sector may a good area to consider
Eg: United health care fund.

Yup, I just checked my account, the GIRO just go through. They GIRO 3 business day before the subscription date which normally is 8 of every month unless 8 is a non business day then become 9

could you mind sharing which fund is in your RSP list?

This post has been edited by terence_say: Nov 5 2015, 08:47 AM

Hi Hansel, thanks for your reminder
I always transfer out my unit to UOB every 6 months to avoid this so called "platform fees"

Yes, buy from FSM to enjoy low sales charge and transfer to a bank such as UOB OCBC or DBS to avoid platform fees.

Bank do not have any platform fees, so is suitable for long term holding core fund.

Most of the banker will tell you cannot be done because it is a troublesome "sai kang" and do not earn them any revenue point, so find the right person is the crucial part.

In bank prospective view, they are more than happy to take in more unit from FSM because it count to their portfolio AUM.

Transfer out the unit from Fundsupermart to one of the bank. Unit no more under Fundsupermart therefore no platform fees charge

Why Allianz US high yield

Most of the HNWI customer suffer big loss from this fund.
This fund was one of the focus fund introduce to UOB privilege banking customer last year, but had been remove from the favourite list and many customer suffer huge loss.

Hi Hansel, transfer out is free of charge.

There is also no any platform fees for the bank, you can hold as long as you want for free.

There is no any physical official list but the investment specialist in the bank will recommend client advisor to talk to their customer on certain fund that they think is potential. Then you see every CA on the whole privilege platform is selling the same fund. This happen to US HIGH YIELD last year.