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
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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 |
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 |
![](https://cdn.prod.website-files.com/60c843c7a86d865e99ca8b67/63478e5c12bd636e4b1c66f2_Money%20bucket.png)
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
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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% |
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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
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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.
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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.
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% 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
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.
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.
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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.
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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 |
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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 |
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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
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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
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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
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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
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
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
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
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
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
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
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
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
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
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
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
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.
MAA try
Try
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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