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Chapters:

• 00:00 – Introduction to Endowus
• 03:27 – About the Flagship CPF Portfolios, part of our advised portfolios
• 04:13 – Introduction to Amundi
• 05:10 – Comparing the new and current Flagship CPF Portfolios after the recommended change
• 14:09 – How to accept the recommended portfolio change
• 15:49 – Amundi passive index funds available for CPF investing
• 20:32 – Fixed income: Amundi Index Global Agg 500m Fund
• 21:24 – Equities: Amundi Index MSCI World and Amundi Prime USA Fund
• 22:53 – Should I invest my CPF money?
• 28:07 – Q&A: How much exposure to China real estate and municipals do the Flagship Portfolios have?
• 30:52 – Q&A: The recommended portfolio change will reduce the cost of the fixed income component by 41% or 17 basis points
• 31:23 – Q&A: Do the returns of the Flagship CPF Portfolios justify the risks?
• 34:40 – Q&A: Amundi MSCI World Index Fund vs Index Global Agg 500m Fund‍
• 36:39 – Q&A: How does investing in Endowus solutions help me beat inflation?

Read more: 

• Flagship CPF Portfolios enhanced with Amundi passive fixed income fund
• Launch of Amundi low-cost fixed income index fund for CPF 
• Flagship CPF Portfolios made better with Amundi equity funds

About the session

Markets often react quickly to changes in macroeconomic conditions — but what does that mean for your investment portfolios? It can be time-consuming and complicated for non-professional investors to closely monitor and try to optimise their portfolios. This is where Endowus can come in — we are constantly looking for funds that will improve your risk-adjusted returns and lower costs for you.

To make your investments work harder for you, Endowus is now recommending to include the Amundi Index Global Agg 500m Fund in the fixed income component of the Flagship CPF Portfolio. Clients can always choose to opt in or out of such recommended portfolio changes (RPC).

The Amundi Index Global Agg 500m Fund is the first low-cost, global fixed income passive index fund for CPF investing. It is the cheapest fixed income option available for CPF OA investments, with fund-level fees at just 0.1% per annum* (p.a.).

In this interactive session, join Hugh Chung, Endowus Chief Investment Advisory Officer; Yulin Liu, Endowus Investment Lead; and Sunny Leung, Head of ETF, Indexing and Smart Beta, South Asia, Amundi, as they share:

1. Details of the Amundi global passive fixed income fund
2. Why you may wish to invest your CPF in passive fixed income index funds
3. How you can benefit from lower fees and better long-term results from the recommended change to the Flagship CPF Portfolios
4. How we have made it easy for clients to opt in to this recommended portfolio change

There will be a Q&A segment at the end of the session. Submit your questions ahead of time here. 

*Fund-level fees, also known as the total expense ratio (TER), are charged by the fund manager. In addition, there is an all-in Endowus Fee — clients who are invested in the advised portfolios, including the Flagship Portfolio, are charged an Endowus Fee of 0.40% p.a. for CPF investments.

About the speakers

Hugh Chung, Chief Investment Advisory Officer, Endowus ‍

Hugh Chung is the Chief Investment Advisory Officer at Endowus. 

In his current role, Hugh leads the integration of investment functions and strategies across the Endowus Group, comprising the Endowus digital platform, Endowus Private Wealth, and Carret Private. He oversees the centralised Investment Office, which provides group strategic direction on the expert curation and management of all investment solutions across public and private markets, for individual and institutional investors in Singapore and Hong Kong. 

Hugh has more than 20 years of experience in the asset management and financial advisory space in Asia. In his previous role as the Chief Investment Officer for a single family office, he was responsible for strategic asset allocation, portfolio construction and fund selection across all regions and asset classes. Hugh was also previously Managing Director at Kadensa Capital and Azentus Capital as the founding member and senior investor of two of the most successful hedge fund launches in Asia. Before this, Hugh had oversight of Korea equity distribution at J.P. Morgan, and began his career at Goldman Sachs and Samsung Securities.

‍Yulin Liu, Investment Lead, Endowus

Yulin Liu is the Investment Lead at Endowus. Yulin focuses on investment due diligence and portfolio construction, and coordinates with other departments on investment-related matters. She is a member of the Investment Committee and is passionate about making investing more accessible and easier for individuals. 

Her most recent role was with AQR Capital Management, where she served major institutional investors across Asia in their investment and portfolio monitoring needs. 

Yulin holds a Masters in Financial Analysis (Distinction) from London Business School, and a MEng in Engineering, Economics and Management (First Class Honours) from the University of Oxford.

‍Sunny Leung, Head of ETF, Indexing and Smart Beta, South Asia, Amundi ‍

Sunny has more than 10 years of experience in the ETF field. Before joining Amundi in February 2017, he worked at State Street Global Advisors Singapore since 2013, where he was responsible for Business Development and Client Services of SPDR ETFs in Asia ex Japan. Prior to that, Sunny worked at Vanguard Investment Hong Kong.  From 2011 to 2012, he worked at Credit Suisse Asset Management on ETF product sales and concurrently at ICBC Credit Suisse Asset Management, CS's joint venture in China, doing relationship management. 

Sunny began his career in 2007 at Lyxor Asset Management. Sunny has a Master of Science in Investment Management at the University of Science and Technology of Hong Kong (2012).