I can think of below
1. Fractional shares obtained via ETF RSP cannot be transferred out to other broker
2. Fractional shares selling via normal FSM trading (not going through the ETF RSP to sell route) don't think is supported

So FSM ETF RSP is really for long term slow accumulation. Of cuz say if you have 100.12 shares that is from ETF RSP, you can sell the 100 (assume the lot size is 100) in normal FSM trade incurring that expensive 8.80 fees. The remaining 0.12 can be sold via the ETF RSP route instead which is scheduled I think once a month on 15th?

Just to share for FSM Spore via ETF RSP above fees are still needed and they add one item called Processing Fee as fee to maintain this ETF RSP program I guess. I notice when you input say 100 it does not mean they will buy all 100 worth of shares. Somehow they buy less than that and use the buffer to pay the fees etc.

That is why previously I say if US stock go via IBKR at USD 0.35 so RM200 is < 2%

ifast is the registered company also listed in SGX that operate fsm. I think fsm managed portfolio is you pay some fees and the staff in fsm help you to buy/rebalance if necessary a diversified portfolio of unit trust based on your risk profile. If you don't want, then you can ownself do your research and buy the unit trust yourself via fsm website.

Oooh I didn't know that thanks for sharing. I still remember when FSM startup in 2000 in Spore they always promote to let retail investor DIY buy,sell unit trust using website. So later they got more business avenues including catering to financial planners/advisors to go get customer and come back buy the unit trust from FSM I see.

In the early days ETF is touted as passive index ETF so simple. Now is 2022, there are more ETF appearing and some are now turning to actively managed and expense ratio slowly creeping up. I predict such actively managed ETF will be same as Unit Trust with fund managers in future.

Fund managers have the freedom to buy stocks NOT in the index and use other strategies in order to increase returns for the funds. This is what investors are paying them for. But the ETF supporters say such fund managers most of them failed in their job so it is better to buy passive index ETF instead. For me I am neutral as I think both instruments have their own merits.

Yes this has been mentioned before. ETF is traded like stock so at the point you buy,sell you know the transacted price. Unit trust is different it is like you mention with that "lag" aka forward pricing basis. Reason why I did not go into ETF is becuz of the expensive fees for each buy,sell and sometimes 1 share can cost 1k-2k !!! That is before I know of fractional shares follow by 0 comm fees and next thing I am in already. I nearly go for IBKR at 35 cents but phew 0 cents come along.

But for unit trust sometimes fund managers can access markets retail investors cannot. E.g for balanced fund they have bonds and typically bond is 250K how can retail investor afford? So you buy this fund to get indirectly to this bond.

Long time ago I post this before here in FSM Spore thread I think. But the FSM article does not mention the details or examples of how fund manager goes about lowering our currency exchange risk to the foreign currency fund they invest underlying. Do they buy some special XXX instrument ? Such additional stuff they do will reflect in a higher expense ratio?

Using FSM Spore and choose two e.g the factsheet does not reveal anything and in fact for Fidelity it point back to same factsheet. But their expense ratio remain same for non-hedged and hedged class. So I guess the rule of thumb is when you see a fund has a hedged version just buy the hedged version.

Fidelity America A-SGD
https://secure.fundsupermart.com/fsm/funds/factsheet/FI3009

Fidelity America A-SGD (hedged)
https://secure.fundsupermart.com/fsm/funds/factsheet/FI3044


Blackrock Fintech A2 SGD-H
https://secure.fundsupermart.com/fsm/funds/factsheet/BGF141

Blackrock Fintech A2 USD
https://secure.fundsupermart.com/fsm/funds/factsheet/BGF140

Thank you and it is very informative. There are more extra work involved and for the same expense ratio for both non-hedged and hedged class I guess investors just pick the hedged class. Make the monies you pay them do extra work. And I notice becuz of these extra work not all funds have hedged version. I guess it is logical from fund manager perspective.

For US listed China A share ETF try search CNYA and many others. For China A share UT the other reader has shared using FSM.

Long time ago I brought this topic out before in the Spore FSM thread. UT where the fund factsheet mention it does not have an index to benchmark against. Hence you cannot compare this UT with another index tracking ETF.

Above depends. The email is now saying explicitly in order to continue giving dividend it need to pay out from capital. This mean before the email times dividends given can be from stock dividends fund manager have invested underlying and not from capital itself

Previously it distribute dividend by realised gains or income means they sold stocks off or get stock dividends to give out the dividend to holders. Now with the change it means in order to continue giving it maybe taking from the capital of the fund instead. By right capital should be used to invest to get more profits and stock dividends so the fund can grow and not use to pay holders dividends. With lesser capital how to invest more?

But yet from holder point of view I want to have my dividends consistently not to be missed so fund manager feel pressured to fulfill that wish else holders withdraw from the fund no more job for fund managers

I understand this fund also accept EPF besides cash correct? For FSM Spore if it is CPF (Msia EPF equivalent) investment it is always dividend reinvested. Only for cash it is payout. Yes need to think whether you still want to invest in this fund as it seems fund manager feel pressured to issue dividends by dipping into the capital of the fund. AFAIK fund dividend policy is set by fund managers or company ? And at any time they can remove it but the repercussion is mass withdrawal from the fund.