All Raiz investment portfolios are investing in unit trust funds managed by Amanah Saham Nasional Berhad (ASNB), a wholly-owned subsidiary company of Permodalan Nasional Berhad (PNB).
https://raiz.com.my/blog/

most probably I think the main advantage is helping one with limited amount of money to form a UT portfolio that are consisted of various funds

for that help, one has to fork out the "extra" charges ....

taken from myasnb website

so ya. the ASN Equiti Tiga is.. ok la i guess

hahaha cannot be more than the God funds (ASB1 and 2)

so guys, move along, wahed and stashaway it is. 

Maybe jalal rashid can make some magic, nobody knows. This guy is suppose to be a game changer for pnb. Still, there is no info in the sales charge from the fund, is it waived or reduced signifcantly compared to investing in those fund by yourself.

New PNB ceo

https://www.theedgemarkets.com/article/spec...done-not-my-age

i was initially excited coz i thought the same! why can't we have nice things 

Why Wahed is a mistake?

Bro, what alignment did they make? I haven't start with Wahed yet. So far now I put in a bit in Stashaway, FSM, and mainly at Opus Touch due to market conditions.

From Wahed Email
We will be upgrading your US Stocks portion of your portfolio with a fund with the following benefits*:

Diversification
Our new fund that we will be adding to your investment portfolio under the US Stocks asset class will provide a wider exposure to more than 200 of the largest shariah-compliant US companies from various industries whilst maintaining a low expense ratio.

Liquidity
Our new fund to replace the current ETF for the US Stocks that you have currently will provide greater liquidity due to the larger exchange where it is listed in. More liquidity means a more timely deposit allocation and withdrawals for you.
______________________________________________________

Our clients with portfolios that has a US Stocks allocation*, the upgrading process will lead to the following temporary conditions until the week ending 1st week of June 2020:

US Stocks Allocation
Your portfolio will not be allocated the US Stocks portion. Your funds allocated to US Stocks will remain as cash until the portfolio upgrade has been completed.


US Stocks Price Movements
As your US Stocks holdings are temporarily held in cash there will be no price movements for your US Stocks portion of your portfolio. Other assets in your portfolio will not be affected and it will continue to be invested during this period.


Withdrawal and Deposits
Feel free to make deposits and withdrawals during this period we will process it as per normal.

Once the portfolio upgrade has been completed, you will see a new updated fund under your US stocks holding. Your funds will be automatically invested to match your risk portfolio allocation.

Thanks Bro.

I thought they are "Robo Advisors". Shouldn't the robo do the auto allocation and why there is "Human" step in and do alignment?

I think they changed the faq cause I just looked at it, it says



Im guessing that means no need pay tax? also just invested rm100 yesterday n got a 6.71% change in value today

tbh I dunno anything bout investments, I only intended to use this as a piggy bank. all I know I'm investing in amanah saham national funds.

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According to app its 100% ASN Imbang 2

It is much cheaper via Raiz. If you tried to buy from ASNB directly, you'll incur a sales charge and a higher annual management fee. For example, here's the fund fact sheet for ASN Sara 1, one of the funds Raiz invests in.

This fund has a Sales Charge of 3.5% and an annual management fee of 1% p.a. Right off the start, you'll be losing about 4.5% each time you buy units. Even if you bought through the ASNB app, it's still has a Sales Charge of 1.5%.

Raiz mentions no sales charges and a very low management fee of 0.3%p.a if you invest more than 6k. Which is what I'm going to do after redeeming my current holdings

1.0% per annum of the NAV of the Fund, calculated and accrued daily

Bad mentality by the clerk. Its her duty to help customers especially when customer wants to buy. Glad you left

Can someone enlighten me on this as well? Are you sure the 1% p.a. is waived? Because the management fee should be accrued daily like what GrumpyNooby said right?

In that case, isn't it paying 1.3% management fee?

Please enlighten me too, since I'm also just see alot of bad comment before this. But if really a alternative for stashaway I will prepare it as well.

Believe that to be the case. Raiz is investing on your behalf as an advisor; they absorb whatever fees ASNB would levy traditionally on any prospective buyer. The difference here I believe as to how Raiz can afford to charge such a low management fee (which I suspect for now is predatory to win the market) is because they have a JV through with PNB. This collaboration of technology owner directly with the funds owner allows for a removal of some element of costs that could be attributable to digital optimisation of processes. Who knows (or a sifu can enlighten); maybe the reason why all this while the costs are super high have been due to inefficient practices of fund management.