Personal Wealth

Singapore's household wealth grew 3.4% to US$1.2 tril
SINGAPORE (Nov 14): According to the Credit Suisse Research Institute’s 2017 Global Wealth Report, Singapore’s household wealth increased by 3.4% to US$1.2 trillion ($1.6 trillion) and is expected to increase by 2.3% per annum over the next five years to reach US$1.3 trillion in 2022. Personal wealth per adult grew strongly in Singapore up to 2012. Since then, it has risen slowly ...
How to avoid the next flop of a fund
SINGAPORE (Dec 2): Several local fund investors found themselves in a peculiar predicament this year. After paying a front load of 1% to 5% to invest in a fund, they were informed that the fund would be closed. They were given the option of either liquidating their holdings in a short time or switching for free to another fund managed by the same house. Needless to say, neither option was more ...
Which are Singapore’s most cost-inefficient funds?
SINGAPORE (Sept 16): Diminutive funds with sky-high expense ratios and dismal long-term performance should be dumped, say fund experts.  Indeed, extensive research has shown that investment funds with high expense ratios tend to have a return disadvantage over those with lower such ratios. The reason is simple — costs and expenses generally eat into investment returns. And the ...
3 US equity funds for early-bird investors in Singapore
SINGAPORE (Sept 9): The tables appear to be turning for US equities. After trailing defensive sectors in 1H2016, growth and cyclical sectors in the Standard & Poor’s (S&P) 500 outperformed strongly in July and August. In this period, utilities and telecoms retreated over 5%, while technology and financials gained 9.8% and 7.1% respectively as at Aug 31. This is leading investors ...
How this fund became the year’s top performer
SINGAPORE (Aug 12): Launched last January, the Wells Fargo (Lux) WF — US Select Equity fund is the top performer this year, buoyed by exposure to energy and gold. Managed by 41-year veteran Richard T Weiss, the fund takes an unconstrained approach to market cap, analysing companies on a bottom- up basis to take advantage of relative mispricing. As at end June, the fund held just 36 ...
Do alternatives really hedge against volatility?
SINGAPORE (July 11): When global financial markets dived in the immediate aftermath of Brexit, alternative funds proved resilient. From June 23 onwards, the S&P 500 index closed 5.3% lower at its worst point while in Europe, Germany’s DAX and France’s CAC indices fell 9.6% and 10.8%, respectively. In contrast, alternatives had materially smaller falls than worldwide equity indices (see ...
Risk averse? Here are some funds you should avoid after Brexit
SINGAPORE (July 4): When the Brexit vote last week made apparent that Britain would be leaving behind its 43-year membership in the European Union for a very uncertain future, it triggered a widespread risk aversion among investors and several Singapore registered equity funds which are invested in European and UK stocks were badly hit. These included the Schroder ISF UK Equity A Acc and ...
Daniel Kahneman on sidestepping investment blunders
Advisers have a therapeutic and educational role. But I do not believe that advisers are able to give tips on the markets, which are highly irregular and unpredictable. Very few people can do that… Everybody has a sense that they know things. We keep making up stories of the world and people strongly believe those stories. But there are circumstances where you ...
Does your fund own 1MDB bonds?
SINGAPORE (May 24): If you think media reports about the scandal-ridden 1Malaysia Development Bhd (1MDB) state fund have unnerved even the most daring of fund managers, think again. As many as 13 funds sold in Singapore hold US dollar-denominated bonds issued by 1MDB. Among funds that list holdings of 1MDB bonds in the most recent filings are three from the Fidelity International group. ...
DBS lowers front load charge on RSP purchases to 1%
SINGAPORE (May 23): DBS Bank has reduced its unit trust front load charge to 1% for customers who opt to make regular purchases every month. The move enables an investor to build up a long-term position in a portfolio of funds at a relatively low cost without being caught wrong-footed by market volatility. “Markets will remain volatile this year. Instead of chasing highs and lows, consider ...