| Fund name | Benchmark and description |
Market exposure |
Currency | Management fee |
Total expense ratio |
# of holdings |
3-year tracking error |
Replication methodology |
| Amundi Index MSCI World Fund | MSCI World Index1 | Developed markets equities | SGD | 0.08% | 0.18% | 1540 | 0.13% | Direct physical replication |
| Amundi Prime USA Fund | Solactive US Large & Mid Cap Index2 |
US equities | SGD | 0.03% | 0.05% | 547 | 0.15% | |
| Amundi Index MSCI Emerging Markets Fund | MSCI Emerging Markets Index3 | Emerging markets equities | SGD | 0.10% | 0.20% | 1393 | 1.16% | |
| Amundi Index Global Agg 500m Fund | Bloomberg Global Agg (500mn) Index4 |
Global fixed income equities | SGD-H | 0.03% | 0.10% | 5969 | 0.20% | Sampling replication |
Source: Endowus, fund factsheets. Tracking error data is based on the oldest share class of each fund. Data as of May 31, 2022.
Note:1A market cap weighted equity index that captures large & mid-cap representation across 23 Developed Markets (DM) countries.
2A market cap weighted equity index that tracks the large & mid cap segment covering approx. 85% of the free-float market cap in the US
3A market cap weighted equity index that captures large and mid cap representation across Emerging Markets countries.
4A measure of global investment grade debt from 25 markets. This benchmark includes treasury, government-related, corporate and securitized bonds from both developed & emerging markets
| Market exposure | Fund name | Currency | Expense ratio | Bid-ask spread* | Total cost | # of holdings |
| US equities | Amundi Prime USA Fund | SGD | 0.05% | - | 0.05% | 545 |
| SPDR Dow Jones Industrial Average ETF Trust | USD | 0.16% | 0.58% | 0.74% | 30 | |
| SPDR S&P 500 US ETF Trust | USD | 0.09% | 0.24% | 0.33% | 505 | |
| LionGlobal Infinity US 500 Stock Index Fund | SGD | 0.61%** | - | 0.61% | 505 | |
| Global emerging markets | Amundi Index MSCI Emerging Markets Fund | SGD | 0.20% | - | 0.20% | 1393 |
| Lyxor MSCI Emerging Markets UCITS ETF | USD | 0.55% | 0.50% | 1.05% | 1395 | |
| Global developed market | Amundi Index MSCI World Fund | SGD | 0.18% | - | 0.18% | 1540 |
| LionGlobal Infinity Global Stock Index Fund | SGD | 0.72%** | - | 0.72% | 1539 | |
| Global fixed income market | Amundi Index Global Agg 500m Fund | SGD-H | 0.10% | - | 0.10% | 5969 |
| Amundi range launched with Endowus | ||||||
| Other MAS recognised/authorised options for Singapore retail investors | ||||||
Source: Endowus research.
* Average of the daily bid-ask spread over the past one year as of June 17, 2022, divided by two to take into account the one-sided bidding cost. Data from Bloomberg.
** Note that this does not take into account the trailer fee rebate Endowus gives back to Endowus investors
| Market exposure | Fund name | Currency | Expense ratio | Bid-ask spread* | Total cost | # of holdings |
| US equities | Amundi Prime USA Fund | SGD | 0.05% | - | 0.05% | 545 |
| SPDR S&P 500 UCITS ETF | USD | 0.09% | 0.03% | 0.12% | 505 | |
| iShares Core S&P 500 UCITS ETF | USD | 0.07% | 0.02% | 0.09% | 504 | |
| Global emerging markets | Amundi Index MSCI Emerging Markets Fund | SGD | 0.20% | - | 0.20% | 1393 |
| SPDR MSCI Emerging Markets UCITS ETF | USD | 0.42% | 0.15% | 0.57% | 1327 | |
| iShares MSCI Emerging Markets UCITS ETF | USD | 0.18% | 0.05% | 0.23% | 927 | |
| Global developed market | Amundi Index MSCI World Fund | SGD | 0.18% | - | 0.18% | 1540 |
| SPDR MSCI World UCITS ETF | USD | 0.12% | 0.05% | 0.17% | 1482 | |
| iShares MSCI World UCITS ETF | USD | 0.20% | 0.04% | 0.24% | 1523 | |
| Global fixed income market | Amundi Index Global Agg 500m Fund | SGD-H | 0.10% | - | 0.10% | 5969 |
| SPDR Bloomberg Global Aggregate Bond UCITS ETF | USD | 0.10% | 0.12% | 0.22% | 6964 | |
| iShares Core Global Aggregate Bond UCITS ETF | USD | 0.10% | 0.09% | 0.19% | 9446 | |
| Amundi range launched with Endowus | ||||||
| Other MAS recognised/authorised options for Singapore retail investors | ||||||
Source: Endowus research.
* Average of the daily bid-ask spread over the past one year as of June 17, 2022, divided by two to take into account the one-sided bidding cost. Data from Bloomberg.
| Name | Currency | Annualised fund performance | Yearly fund performance | Portfolio volatility | |||||||
| 1 yr | 3 yrs | 5 yrs | 2022 YTD | 2021 | 2020 | 2019 | 1 yr | 3 yrs | 5 yrs | ||
| Amundi Index MSCI World Fund | SGD | -1.4% | 12.4% | 9.4% | -11.7% | 24.2% | 13.9% | 26.9% | 12.4% | 15.1% | 13.9% |
| MSCI World Benchmark | SGD | -1.2% | 12.5% | 9.5% | -11.5% | 24.3% | 13.9% | 26.0% | 12.4% | 15.1% | 13.7% |
| SPDR® MSCI World UCITS ETF | USD | -4.5% | 12.8% | - | -12.3% | 22.1% | 15.9% | - | 14.5% | 17.9% | - |
| iShares MSCI World UCITS ETF | USD | -4.8% | 12.7% | 9.8% | -12.6% | 22.2% | 16.1% | 27.1% | 14.5% | 17.9% | 15.9% |
| MSCI World Benchmark | USD | -4.8% | 12.7% | 9.7% | -13.2% | 21.8% | 15.9% | 27.7% | 14.5% | 17.9% | 15.9% |
Source: Bloomberg, Morningstar. Expense ratios are as of 31 May 2022 and from the respective ETF providers.
| Name | Currency | Annualised fund performance | Yearly fund performance | Portfolio volatility | |||||||
| 1 yr | 3 yrs | 5 yrs | 2022 YTD | 2021 | 2020 | 2019 | 1 yr | 3 yrs | 5 yrs | ||
| Amundi Index MSCI Emerging Markets Fund | SGD | -17.0% | 4.6% | - | -10.4% | -0.8% | 15.9% | 16.8% | 8.2% | 14.7% | - |
| MSCI Emerging Markets Index | SGD | -16.8% | 4.9% | 3.6% | -10.3% | -0.6% | 16.3% | 16.8% | 8.2% | 14.6% | 13.8% |
| SGX Listed ETF: Lyxor EM Mkt US$ | USD | -20.1% | 4.3% | 3.1% | -11.9% | -3.0% | 17.4% | 17.5% | 10.4% | 18.0% | 16.8% |
| SPDR® MSCI Emerging Markets UCITS ETF | USD | -20.0% | 4.7% | 3.5% | -12.1% | -2.5% | 18.0% | 17.9% | 10.6% | 18.0% | 16.8% |
| iShares MSCI Emerging Markets UCITS ETF | USD | -18.9% | 4.7% | 3.4% | -11.1% | -3.3% | 18.0% | 17.5% | 10.6% | 18.0% | 16.8% |
| MSCI Emerging Markets Index | USD | -19.8% | 5.0% | 3.8% | -11.8% | -2.5% | 18.3% | 18.4% | 10.4% | 18.0% | 16.8% |
Source: Bloomberg, Morningstar. Expense ratios are as of 31 May 2022 and from the respective ETF providers.
| Name | Currency | Annualised fund performance | Yearly fund performance | Portfolio volatility | |||||||
| 1 yr | 3 yrs | 5 yrs | 2022 YTD | 2021 | 2020 | 2019 | 1 yr | 3 yrs | 5 yrs | ||
| Amundi Prime USA Fund | SGD | 0.5% | 15.5% | - | -13.2 | 29.4% | 18.7% | - | 14.7% | 16.0% | - |
| Solactive US Large & Mid Cap NTR Index | SGD | 0.6% | 15.5% | 12.5% | -13.1% | 29.2% | 18.6% | 29.1% | 14.6% | 15.9% | 14.7% |
| S&P 500 Index | SGD | 3.2% | 16.3% | 13.1% | -11.3% | 31.2% | 16.3% | 29.7% | 14.1% | 15.5% | 14.5% |
| SGX Listed ETF: SPDR S&P500 US$ | USD | -0.4% | 16.4% | 13.3% | -12.8% | 28.6% | 18.4% | 31.3% | 16.1% | 18.1% | 16.4% |
| SGX Listed ETF: SPDR DJIA US$ | USD | -2.8% | 12.1% | 11.7% | -8.5% | 20.8% | 9.6% | 25.1% | 12.8% | 18.0% | 16.2% |
| SPDR® S&P® 500 UCITS ETF | USD | -0.6% | 16.1% | 13.0% | -12.9% | 28.3% | 18.0% | 30.9% | 16.1% | 18.1% | 16.4% |
| iShares Core S&P 500 UCITS ETF | USD | -0.6% | 16.1% | 13.0% | -12.9% | 28.4% | 18.0% | 31.0% | 16.1% | 18.1% | 16.4% |
| S&P500 Index | USD | -0.3% | 16.4% | 13.4% | -12.8% | 28.7% | 18.4% | 31.5% | 16.1% | 18.1% | 16.4% |
Source: Bloomberg, Morningstar. Expense ratios are as of 31 May 2022 and from the respective ETF providers.
Note: Solactive US Large & Mid Cap NTR index is the Net Total Return Index whereby the dividends net of tax paid by the index constituents are included in the index return.
Including SGX and LSE options
| ETF name | Ticker | Exchange |
Exposure |
Expense ratio |
| Vanguard FTSE All-World UCITS ETF | VWRA | LSE | Global | 0.22% |
| iShares Core MSCI World UCITS ETF | IWDA | LSE | Developed | 0.20% |
| iShares Core MSCI World EM IMI UCITS ETF | EIMI | LSE | Emerging | 0.18% |
| Vanguard S&P 500 UCITS ETF | VUAA | LSE | US | 0.07% |
| Vanguard S&P 500 UCITS ETF | VUAA | LSE | US | 0.07% |
| SPDR Straits Times Index (STI) ETF | G3B | SGX | Singapore | 0.30% |
| Nikko AM Singapore STI ETF | ES3 | SGX | Singapore | 0.30% |
Data accurate as of Sep 2022
As a general rule, these portfolios may be suitable for you, depending on your goals and risk tolerance
| Cash management portfolio, now earning over 2% | Portfolio of 40% global stocks, 60% bonds | Portfolio of 80% global stocks, 20% bonds | Portfolio of 100% global stocks, and potentially an allocation to private equity, hedge funds, and other alternatives | |
| No. of years to your goal | less than 2 years | 2 to 5 years | 5 to 10 years | Over 10 years |
| Cash flow needs | In the near future and for rainy days | In the near future | In the mid-term | In the longer term |
| Risk Appetite | Lower risk and volatility | More conversative to avoid permanent capital loss when capital is needed | Afford to take more volatilitty, depending on nature of cash flow | Afford to take great volatility (>40% drawdowns) and capture higher returns |
As a general rule, these portfolios may be suitable for you, depending on your goals and risk tolerance
| No. of years to your goal | less than 2 years | 2 to 5 years | 5 to 10 years | Over 10 years |
| Cash flow needs | In the near future and for rainy days | In the near future | In the mid-term | In the longer term |
| Risk Appetite | Lower risk and volatility | More conversative to avoid permanent capital loss when capital is needed | Afford to take more volatility, depending on nature of cash flow | Afford to take great volatility (>40% drawdowns) and capture higher returns |
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