Leap into prosperity this CNY 💰     Get an $88 head start to growing your wealth.

Leap into prosperity this CNY 💰Get a $88 head start to growing your wealth.

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Young couple looking to buy a HDB BTO flat

Taxable income before SRS contribution Taxes before SRS contribution Taxes after SRS contribution Savings/Gains
$100,000 $5,650 $2,251 $3,399
$200,000 $21,150 $14,724 $6,426
$300,000 $40,550 $33,489 $7,061
$400,000 $62,150 $54,296 $7,854

Source: Endowus SRS calculator.

Source: Endowus

CPF contribution rate changes from 1 Jan 2022

For monthly wages above $750

Employee's age
(years)
Total
(% of wage)
By employer
(% of wage)
By employee
(% of wage)
55 and below 37 17 20
55 to 60 28 14 14
60 to 65 18.5 10 8.5
65 to 70 14 8 6
Above 70 12.5 7.5 5

Source: CPF

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

The sudden sharp moves are not positive for markets and the perception that inflation is staying higher for longer is adding to the burden of consumers and market participants. However, as we have previously discussed, inflation is by definition a year-over-year comparison and with higher base effects it will most likely — and eventually — come down for the remainder of the year. That said, while the pace of price increases may abate, the absolute price increase remains high and this will remain as a tax on consumers. Higher prices for consumer staples and core spending such as housing and gas reduce the disposable income of consumers. Higher prices in turn affect economic demand and earnings, as well as savings that have a knock-on impact on markets.

passive launch

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 Index
A market cap weighted equity index that captures large & mid-cap representation across 23 Developed Markets (DM) countries.
Developed markets equities SGD 0.08% 0.18% 1540 0.13% Direct physical replication
Amundi Prime USA Fund Solactive US Large
& Mid Cap Index

A market cap weighted equity index that tracks the large & mid cap segment covering approx. 85% of the free-float market cap in the US
US equities SGD 0.03% 0.05% 547 0.15%
Amundi Index MSCI Emerging Markets Fund MSCI Emerging Markets Index
A market cap weighted equity index that captures large and mid cap representation across Emerging Markets countries.
Emerging markets equities SGD 0.10% 0.20% 1393 1.16%
Amundi Index Global Agg 500m Fund Bloomberg Global Agg
(500mn) Index

A measure of global investment grade debt from 25 markets. This benchmark includes treasury, government-related, corporate and securitized bonds from both developed & emerging markets
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.

The sudden sharp moves are not positive for markets and the perception that inflation is staying higher for longer is adding to the burden of consumers and market participants. However, as we have previously discussed, inflation is by definition a year-over-year comparison and with higher base effects it will most likely — and eventually — come down for the remainder of the year. That said, while the pace of price increases may abate, the absolute price increase remains high and this will remain as a tax on consumers. Higher prices for consumer staples and core spending such as housing and gas reduce the disposable income of consumers. Higher prices in turn affect economic demand and earnings, as well as savings that have a knock-on impact on 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

Investment product Risk Annual Returns
Singapore Savings Bond Very low risk 2.53%
Endowus Stable Income Portfolio Low risk 4.0% to 5.0%
Endowus Stable Income Portfolio Moderate risk 5.0% to 6.0%

Endowus Income Portfolios

Underlying Fund Allocation

Fund Manager Fund Name Stable Income Higher Income Future Income
Fixed Income
Fidelity Asia Bond Fund 30% 15% 17%
PIMCO Income Fund 25% - 32%
Alliance Bernstein American Income Fund 25% 30% -
Neuberger Berman Short Duration Emerging Market Fund 20% 10% 6%
Allianz Global High Yield Fund - 15% -
Columbia Threadneedle US High Yield Fund - 10% 5%
Equities
Abrdn Global Dynamic Dividend Fund - 11% 8%
BlackRock Global Real Assets Securities Fund - 6% -
JP Morgan AM Emerging Markets Dividend Fund - 3% -
Dimensional World Equity Fund - - 13%
First Sentier Dividend Advantage Fund - - 8%
Schroders Global Emerging Markets Opprtunities Fund - - 13%
BlackRock Europe Equity Income Fund - - 5%
Gross Total Expense Ratio 0.86% 1.06% 0.92%
Endowus Trailer Fee Rebate (0.21%) (0.28%) (0.22%)
Net Total Expense Ratio 0.65% 0.78% 0.71%

Source: Endowus

Stock slump

Name Ticker Return through 12/31 Return through 1/31
Robinhood Markets Inc. Class A HOOD -79.1% -83.4%
AMC Entertainment Holdings Inc. Class A AMC -62.5% 7.9%
GameStop Corp. Class A GME -69.3% -77.4%
Tesla Inc. TSLA -15.0% -24.7%

Source: Dimensional. Note: Named securities may be held in accounts managed by Dimensional. This information should not be considered a recommendation to buy or sell a particular security.

Past Perfect?

Growth of $1,000, January 1972 - December 2021
Perfect Timing Strategy $1,811,565
S&P 500 Index $197,063
One-Month US Treasury Bills $8,727
Perfectly Awful Timing Strategy $949

Source: Dimensional
Note: In USD. Data presented in the Growth of $1,000 exhibit is for illustrative purposes only and is not indicative of any investment. The examples assume that the hypothetical portfolio fully divested its holdings of stocks (or bonds) at the end of the last trading day of any year when a switch was indicated, held the other asset for the subsequent year, and performed the exercise again at year’s end. The examples are hypothetical and assume reinvestment of income and no transaction costs or taxes. There is no guarantee strategies will be successful. Indices are not available for direct investment. Their performance does not reflect the expenses associated with the management of an actual portfolio.

Scare Tactics

% Annualized Return through August 31, 2021 3 Year 5 Year 10 Year
Tactical Asset Allocation 8.36 8.38 6.18
Balanced 10.49 9.89 8.93
Tactical Underperformance -2.13 -1.51 -2.75

Source: Dimensional

Test responsive table

Endowus Flagship CPF Portfolio Returns

SGD, monthly data as of 31 December 2021

2021 2020 2019 2018 10Y
Annualised
Endowus CPF Portfolio Performance (net of fund-level fees)
Very Aggressive (100-0) 17.0% 16.0% 25.5% -6.4% 12.6%
Aggressive (80-20) 12.8% 14.3% 21.5% -5.1% 10.7%
Balanced (60-40) 9.1% 12.6% 17.7% -3.9% 8.9%
Measured (40-60) 5.3% 10.4% 13.9% -2.2% 7.0%
Conservative (20-80) 1.5% 8.5% 9.6% -1.0% 5.1%
Very Conservative (0-100) -2.1% 6.6% 6.1% 0.1% 3.1%
Index Net Total Returns (incl.dividends without fee deduction)
MSCI All Country World Index 20.9% 14.2% 24.9% -7.6% 12.3%
MSCI World Index 24.2% 13.9% 25.9% -6.9% 13.1%
MSCI Emerging Markets Index -0.6% 16.3% 16.8% -12.9% 5.9%
S&P 500 Index 31.2% 16.3% 29.7% -2.5% 17.0%
Global 60:40 Index 11.6% 11.1% 17.9% -4.0% 3.5%
BbgBarc Global Aggregate Index -1.3% 5.4% 7.7% 1.1% 5.0%
JPM EM Bond Index -1.5% 5.9% 14.4% -4.6% 8.8%

Source: Endowus Research, Bloomberg.

Endowus Flagship CPF Portfolio Returns

SGD, monthly data as of 31 December 2021

2021 2020 2019 2018 10Y
Annualised
10Y
Cumulative
Endowus CPF Portfolio Performance (net of fund-level fees)
Very Aggressive (100-0) 17.0% 16.0% 25.5% -6.4% 12.6% 228.0%
Aggressive (80-20) 12.8% 14.3% 21.5% -5.1% 10.7% 177.0%
Balanced (60-40) 9.1% 12.6% 17.7% -3.9% 8.9% 134.7%
Measured (40-60) 5.3% 10.4% 13.9% -2.2% 7.0% 97.2%
Conservative (20-80) 1.5% 8.5% 9.6% -1.0% 5.1% 63.8%
Very Conservative (0-100) -2.1% 6.6% 6.1% 0.1% 3.1% 36.0%
Index Net Total Returns (incl.dividends without fee deduction)
MSCI All Country World Index 20.9% 14.2% 24.9% -7.6% 12.3% 218.6%
MSCI World Index 24.2% 13.9% 25.9% -6.9% 13.1% 243.6%
MSCI Emerging Markets Index -0.6% 16.3% 16.8% -12.9% 5.9% 77.4%
S&P 500 Index 31.2% 16.3% 29.7% -2.5% 17.0% 380.4%
Global 60:40 Index 11.6% 11.1% 17.9% -4.0% 3.5% 40.5%
BbgBarc Global Aggregate Index -1.3% 5.4% 7.7% 1.1% 5.0% 62.2%
JPM EM Bond Index -1.5% 5.9% 14.4% -4.6% 8.8% 133.4%

Source: Endowus Research, Bloomberg.

CPF Allocation Rate

Employee's age
(years)
Ordinary Account
(% of wage)
Special Account
(% of wage)
Medisave Account
(% of wage)
Contribution Rates
Total (% of wage)
< 35 23 6 8 37
(Employee: 20
Employer: 17)
> 35 - 45 21 7 9
> 45 - 50 19 8 10
> 50 - 55 15 11.5 10.5
> 55 - 60 12 3.5 10.5 26
(Employee: 13
Employer: 13)
> 60 - 65 3.5 2.5 10.5 16.5
(Employee: 9
Employer: 7.5)
> 65 1 1 10.5 12.5
(Employee: 7.5
Employer: 5)

Note: CPF allocation rate changes as you age. Your CPF contribution rates are lowered after you reach 55 to keep your salary competitive.

Difference in CPF Contribution from 55 onwards

Based on existing CPF Contribution rates. Rates to be revised in Jan'22.

At 54 years old and below From 55 to 60 years old From 60 to 65 years old
Monthly gross salary $5,500 $5,500 $5,500
Mandatory CPF contribution (% of gross salary) $2,035 (37%) $1,430 (26%) $907.50 (16.5%)
Annual mandatory CPF contribution $24,420 $17,160 $10,890
Annual voluntary CPF contribution limit $13,320 $20,580 $26,850
Maximum amount withdrawable immediately $0 $20,580 $26,850

Maximum amount withdrawable from CPF at 55

Based on different CPF OA and SA balance, not taking into account potential property pledge

Scenario 1 Scenario 2 Scenario 3 Scenario 4
CPF OA and SA combined balance at 55 $2,000 $7,000 $20,000 $200,000
Minimum that needs to be transerred to CPF RA $0 $2,000 $15,000 $186,000
Maximum amount withdrawable immediately $2,000 $5,000 $5,000 $14,000

Application rates of past BTO projects

Based on 4-room flats

Project name Application period Application rate
Non-mature Towns/Estate
Hougang Citrine/
Kovan Wellspring
August 2021 18.5
Mature Towns/Estate
Telok Blangah Beacon May 2021 49.6
Central River Peaks I & II November 2021 10.3
Dakota Crest February 2022 28.8

Source: HDB

Flat supply distribution

First timers VS second timers

First Timer Second Timer
3-room flats (Non-mature estates)
70% 30%
3-room flats (Mature estates)
95% 5%
4-room flats or larger flats (Non-mature estates)
85% 15%
4-room flats or larger flats (Mature estates)
95% 5%
4-room flats or larger flats (shorter waiting time)
95% 5%

Source: HDB

HDB priority schemes
Scheme name Flat allocation Conditions
Third Child Priority Scheme (TCPS) Up to 5% of BTO units Families with more than 2 children
Assistance Scheme for Second-Timers (ASSIST) Up to 5% of BTO 2-room Flexi and 3-room units in non-mature estates

*quota is shared with the 30% quota set aside for second-timers
Divorced or widowed persons with children
Tenants' Priority Scheme (TPS) Up to 10% of 2-room Flexi and 3-room BTO units Living in a HDB public rental flat
for at least 2 years
Seniors Priority Scheme (SPS) Of the 2-room Flexi units set aside for elderly (40%, subjected to min. 100 units for each BTO project), half of it will be under SPS Elderly applying for a BTO project within 4km of existing flat, or parents/married child flats

Source: HDB

Balloting chances

Valid for non-mature estates only


No. of previous unsuccessful applications Total no. of chances
(Additional chances + 2 first timer chances)
0 or 1 2
2 3
3 4
4 5

Source: HDB

Flagship Cash/SRS

Endowus Flagship Cash/SRS Portfolio Returns

SGD, monthly data as of 31 March 2022

Q1 2022 Q4 2021 2021 2020 2019 3Y
Annualised
3Y
Cumulative
Endowus Flagship Portfolios (Cash/SRS)
Very Aggressive (100-0) -4.2% 5.9% 22.3% 12.2% 23.6% 13.5% 46.1%
Aggressive (80-20) -4.5% 4.8% 17.9% 10.7% 20.9% 11.1% 37.3%
Balanced (60-40) -4.8% 3.5% 13.4% 9.8% 17.9% 8.9% 29.1%
Measured (40-60) -5.1% 2.2% 8.7% 8.7% 15.1% 6.5% 20.8%
Conservative (20-80) -5.4% 1.0% 4.0% 7.7% 12.1% 4.1% 12.8%
Very Conservative (0-100) -5.6% -0.2% -0.5% 6.4% 9.5% 1.8% 5.4%
Global Market Indices
MSCI All country World Index (Equity-Global) -4.9% 5.8% 20.9% 14.2% 24.9% 13.7% 47.1%
S&P 500 Index (Equity-US) -4.1% 10.1% 31.2% 16.3% 29.7% 18.9% 68.0%
Global 60:40 Index (60% Equity, 40% Fixed Income) -4.9% 3.5% 11.6% 11.1% 17.9% 8.8% 28.8%
Bloomberg Global Aggregate Index (Fixed Income-Global) -4.9% 0.1% -1.3% 5.4% 7.7% 1.2% 3.6%

Source: Endowus Research, Bloomberg. Portfolio returns are net of fund-level fees, while indice returns includes dividends without fee deduction. For the methodology of representative historical data, please refer here.

Flagship CPF

Endowus Flagship CPF Portfolio Returns

SGD, monthly data as of 31 March 2022

Q1 2022 Q4 2021 2021 2020 2019 3Y
Annualised
3Y
Cumulative
Endowus Flagship Portfolios (CPF)
Very Aggressive (100-0) -5.8% 5.4% 16.9% 15.6% 25.5% 12.8% 43.4%
Aggressive (80-20) -5.4% 4.2% 12.8% 14.3% 21.5% 10.6% 35.4%
Balanced (60-40) -5.1% 3.2% 9.1% 13.1% 17.3% 8.6% 28.0%
Measured (40-60) -4.7% 1.9% 5.3% 10.7% 13.6% 6.1% 19.5%
Conservative (20-80) -4.4% 0.9% 1.5% 8.5% 9.6% 3.7% 11.5%
Very Conservative (0-100) -4.0% -0.2% -2.1% 6.6% 6.1% 1.4% 4.4%
Global Market Indices
MSCI All country World Index (Equity-Global) -4.9% 5.8% 20.9% 14.2% 24.9% 13.7% 47.1%
S&P 500 Index (Equity-US) -4.1% 10.1% 31.2% 16.3% 29.7% 18.9% 68.0%
Global 60:40 Index (60% Equity, 40% Fixed Income) -4.9% 3.5% 11.6% 11.1% 17.9% 8.8% 28.8%
Bloomberg Global Aggregate Index (Fixed Income-Global) -4.9% 0.1% -1.3% 5.4% 7.7% 1.2% 3.6%

Source: Endowus Research, Bloomberg. Portfolio returns are net of fund-level fees, while indice returns includes dividends without fee deduction. For the methodology of representative historical data, please refer here.

ESG

Endowus ESG Portfolio Returns

SGD, monthly data as of 31 March 2022

Q1 2022 Q4 2021 2021 2020 2019 3Y
Annualised
3Y
Cumulative
Endowus Flagship Portfolios (ESG)
Very Aggressive (100-0) -8.8% 4.3% 19.3% 31.1% 30.1% 17.6% 62.6%
Aggressive (80-20) -8.1% 3.5% 15.5% 25.8% 25.6% 14.5% 50.0%
Balanced (60-40) -7.3% 2.6% 11.6% 21.0% 20.9% 11.3% 38.0%
Measured (40-60) -6.5% 1.6% 7.6% 15.9% 17.1% 8.2% 26.7%
Conservative (20-80) -5.5% 0.4% 3.6% 10.8% 12.6% 5.0% 15.7%
Very Conservative (0-100) -4.7% -0.6% -0.4% 5.9% 8.7% 1.8% 5.5%
Global Market Indices
MSCI All country World Index (Equity-Global) -4.9% 5.8% 20.9% 14.2% 24.9% 13.7% 47.1%
S&P 500 Index (Equity-US) -4.1% 10.1% 31.2% 16.3% 29.7% 18.9% 68.0%
Global 60:40 Index (60% Equity, 40% Fixed Income) -4.9% 3.5% 11.6% 11.1% 17.9% 8.8% 28.8%
Bloomberg Global Aggregate Index (Fixed Income-Global) -4.9% 0.1% -1.3% 5.4% 7.7% 1.2% 3.6%

Source: Endowus Research, Bloomberg. Portfolio returns are net of fund-level fees, while indice returns includes dividends without fee deduction. For the methodology of representative historical data, please refer here.

Factor

Endowus Factor Portfolio Returns

SGD, monthly data as of 31 March 2022

Q1 2022 Q4 2021 2021 2020 2019 3Y
Annualised
3Y
Cumulative
Endowus Flagship Portfolios (ESG)
Very Aggressive (100-0) -4.2% 5.1% 21.3% 11.9% 23.5% 13.0% 44.2%
Aggressive (80-20) -4.5% 4.0% 16.5% 11.3% 20.0% 10.7% 35.7%
Balanced (60-40) -4.8% 2.9% 12.1% 9.6% 16.8% 8.2% 26.6%
Measured (40-60) -5.1% 1.7% 7.2% 8.4% 13.5% 5.6% 17.8%
Conservative (20-80) -5.5% 0.7% 2.7% 7.7% 10.4% 3.3% 10.3%
Very Conservative (0-100) -5.8% -0.4% -1.8% 5.9% 7.2% 0.6% 1.8%
Global Market Indices
MSCI All country World Index (Equity-Global) -4.9% 5.8% 20.9% 14.2% 24.9% 13.7% 47.1%
S&P 500 Index (Equity-US) -4.1% 10.1% 31.2% 16.3% 29.7% 18.9% 68.0%
Global 60:40 Index (60% Equity, 40% Fixed Income) -4.9% 3.5% 11.6% 11.1% 17.9% 8.8% 28.8%
Bloomberg Global Aggregate Index (Fixed Income-Global) -4.9% 0.1% -1.3% 5.4% 7.7% 1.2% 3.6%

Source: Endowus Research, Bloomberg. Portfolio returns are net of fund-level fees, while indice returns includes dividends without fee deduction. For the methodology of representative historical data, please refer here.

Satellite

Endowus Satellite Portfolio Returns

SGD, monthly data as of 31 March 2022. Portfolio sorted in alphabetical order.

Endowus Satellite Portfolios Q1 2022 Q4 2021 2021 2020 2019 3Y
Annualised
3Y
Cumulative
Equity Portfolios
China Equities -16.9% 1.1% -3.4% 53.9% 38.5% 11.1% 37.3%
Global Real Estate -3.0% 4.7% 19.3% 1.7% 26.2% 9.2% 30.2%
Megatrends -9.7% 4.5% 16.0% 33.3% 25.6% 15.6% 54.6%
Technology -14.4% 2.7% 14.0% 75.7% 39.2% 25.2% 96.1%
Fixed Income Portfolios
China Fixed Income -3.2% -3.5% -2.4% 5.5% 6.4% 0.7% 2.0%
Low Volatility Fixed Income -4.9% -0.7% -0.6% 8.1% 7.4% 2.2% 6.7%

Source: Endowus Research, Bloomberg. Portfolio returns are net of fund-level fees, while indice returns includes dividends without fee deduction. For the methodology of representative historical data, please refer here.

China equity & FI

Endowus China Equity & Fixed Income Portfolio Returns

SGD (USD for Morningstar China Bond), monthly data as of 31 March 2022

Q1 2022 Q4 2021 2021 2020 2019 3Y
Annualised
3Y
Cumulative
Endowus Portfolios
Endowus China Equity Portfolio -16.9% 1.1% -3.4% 53.9% 38.5% 11.1% 37.3%
Endowus China Fixed Income Portfolio -3.2% -3.5% -2.4% 5.5% 6.4% 0.7% 2.0%
Relevant Market Indices
MSCI Golden Dragon Index (Equity) -10.1% -2.7% -7.5% 26.2% 22.4% 3.8% 12.0%
MSCI China A Onshore Index (Equity) -14.3% 2.5% 6.1% 37.6% 35.6% 8.7% 28.4%

Source: Endowus Research, Bloomberg. Portfolio returns are net of fund-level fees, while indice returns includes dividends without fee deduction. For the methodology of representative historical data, please refer here.

Global real estate

Endowus Global Real Estate Portfolio Returns

SGD, monthly data as of 31 March 2022

Q1 2022 Q4 2021 2021 2020 2019 3Y
Annualised
3Y
Cumulative
Endowus Portfolios
Endowus Global Real Estate Portfolio -3.0% 4.7% 19.3% 1.7% 26.2% 9.2% 30.2%
Relevant Market Indices
80-20 Property-Infrastructure Index -1.9% 9.4% 27.2% -8.7% 21.2% 6.6% 21.1%
FTSE EPRA Nareit Developed Index -3.5% 9.2% 28.6% -10.6% 20.3% 5.4% 17.1%
FTSE Developed Core Infrastructure Index 4.5% 9.9% 21.2% -1.7% 24.7% 10.8% 36.1%

Source: Endowus Research, Bloomberg. Portfolio returns are net of fund-level fees, while indice returns includes dividends without fee deduction. For the methodology of representative historical data, please refer here.

Low volatility FI

Endowus Low Volatility Fixed Income Portfolio Returns

SGD, monthly data as of 31 March 2022

Q1 2022 Q4 2021 2021 2020 2019 3Y
Annualised
3Y
Cumulative
Endowus Portfolios
Endowus Low Volatility Fixed Income Portfolio -4.9% -0.7% -0.6% 8.1% 7.4% 2.2% 6.7%
Relevant Market Indices
Bloomberg Global Aggregate Credit Index -6.9% 0.1% -0.9% 7.4% 11.2% 1.9% 5.9%
Bloomberg Global Aggregate Credit 1-5 Years Index -3.6% -0.5% 0.0% 4.1% 5.6% 1.3% 3.8%

Source: Endowus Research, Bloomberg. Portfolio returns are net of fund-level fees, while indice returns includes dividends without fee deduction. For the methodology of representative historical data, please refer here.

Megatrends

Endowus Megatrends Portfolio Returns

SGD, monthly data as of 31 March 2022

Q1 2022 Q4 2021 2021 2020 2019 3Y
Annualised
3Y
Cumulative
Endowus Portfolios
Endowus Megatrends Portfolio -9.7% 4.5% 16.0% 33.3% 25.6% 15.6% 54.6%
Relevant Market Indices
MSCI All Country World Index -4.9% 5.8% 20.9% 14.2% 24.9% 13.7% 47.1%
MSCI ACWI Healthcare Index -3.3% 5.8% 19.8% 12.9% 21.0% 13.8% 47.4%
MSCI ACWI Information Technology Index -9.8% 11.6% 29.9% 43.1% 44.9% 27.2% 105.6%

Source: Endowus Research, Bloomberg. Portfolio returns are net of fund-level fees, while indice returns includes dividends without fee deduction. For the methodology of representative historical data, please refer here.

Technology

Endowus Technology Portfolio Returns

SGD, monthly data as of 31 March 2022

Q1 2022 Q4 2021 2021 2020 2019 3Y
Annualised
3Y
Cumulative
Endowus Portfolios
Endowus Technology Portfolio -14.4% 2.7% 14.0% 75.7% 39.2% 25.2% 96.1%
Relevant Market Indices
MSCI ACWI Information Technology Index -9.8% 11.6% 29.9% 43.1% 44.9% 27.2% 105.6%

Source: Endowus Research, Bloomberg. Portfolio returns are net of fund-level fees, while indice returns includes dividends without fee deduction. For the methodology of representative historical data, please refer here.

Cash smart

Endowus Cash Smart Portfolio Returns

SGD, monthly data as of 31 March 2022

Q1 2022 Q4 2021 2021 2020 2019 3Y
Annualised
3Y
Cumulative
Endowus Cash Smart Portfolios
Cash Smart Secure (latest duration: 5 months) 0.18% 0.17% 0.78% 1.38% 1.74% 1.22% 3.70%
Cash Smart Enhanced (latest duration: 1.2 years) -0.79% -0.04% 0.73% 2.53% 2.96% 1.31% 4.00%
Cash Smart Ultra (latest duration: 1.9 years) -1.69% -0.46% 0.48% 3.37% 4.37% 1.60% 4.87%
Relevant Market Indices
SIBOR 3 Month 0.13% 0.11% 0.44% 0.79% 1.95% 0.94% 2.85%
SIBOR 6 Month 0.15% 0.15% 0.60% 0.99% 2.01% 1.09% 3.29%
SIBOR 12 Month 0.20% 0.21% 0.83% 1.19% 2.17% 1.28% 3.89%
Markit iBoxx ABF Singapore Gov 1-3 Year Index -1.39% -0.35% -0.22% 2.78% 2.38% 1.03% 3.11%
Bloomberg US Treasury: 1-3 Year Total Return Index -2.51% -0.58% -0.60% 3.16% 3.59% 0.84% 2.54%

Source: Endowus Research, Bloomberg. Portfolio returns are net of fund-level fees, while indice returns includes dividends without fee deduction. For the methodology of representative historical data, please refer here.

Income

Endowus Income Portfolio Returns

SGD, monthly data as of 31 March 2022

Q1 2022 Q4 2021 2021 2020 2019 3Y
Annualised
3Y
Cumulative
Endowus Income Portfolios
Stable Income (100% Fixed Income) -5.6% -0.5% -0.2% 5.9% 10.4% 1.8% 5.4%
Higher Income (80% Fixed Income, 20% Equity) -5.0% 0.7% 3.3% 6.4% 14.7% 4.0% 12.4%
Future Income (60% Fixed Income, 40% Equity) -5.2% 1.1% 5.9% 9.0% 15.3% 5.7% 18.0%
Global Fixed Income & Composite Indices
Bloomberg Global Aggregate Index -4.9% 0.1% -1.3% 5.4% 7.7% 1.2% 3.6%
20-80 Composite Index -4.9% 1.2% 2.9% 7.5% 11.0% 3.7% 11.7%
40-60 Composite Index -5.8% 4.6% 16.1% 12.7% 22.8% 11.0% 36.9%
JPM EM Bond Index -9.3% 0.0% -1.5% 5.9% 14.4% 0.5% 1.6%

Source: Endowus Research, Bloomberg. Portfolio returns are net of fund-level fees, while indice returns includes dividends without fee deduction. For the methodology of representative historical data, please refer here.

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Popular Equities ETFs for Singapore Investor

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

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