Exclusively available first on Endowus, the Amundi Prime USA Fund and the Amundi Index MSCI World Fund are the lowest-cost passive index funds in Singapore and on the CPF Investment Scheme (CPFIS).
These two low-cost passive index funds are available for investments using your CPF Ordinary Account (OA) savings. The Amundi Prime USA Fund has a total expense ratio (TER) of 0.05%, while the Amundi Index MSCI World Fund has a TER of 0.10%.
The two funds offer an efficient and easy way to invest in the US market via the Amundi Prime USA Fund, and the developed markets in the case of the Amundi Index MSCI World Fund. Both are denominated in Singapore dollars (SGD).
Read our full explainer or watch our webinar replay to learn more about these new funds, why CPF investors should consider them, and why passive investing works.
To start investing your CPF with Endowus, click here.
Developed markets — passive index
Amundi Index MSCI World Fund
ISIN: LU2420245917 (SGD), LU2420245321 (USD)
[EXCLUSIVE] This is currently the lowest-cost passive index fund in Singapore for exposure to developed-market equities. Using an effective and low-cost physical replication method, the Amundi Index MSCI World Fund tracks the MSCI World Index, which represents large and mid-cap equity performances across 23 developed markets.
The fund is now available for CPF investing, making it a cost-effective and efficient way to invest for the long term. This is exclusively made available first to Endowus.
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US — passive index
Amundi Prime USA Fund
ISIN: LU2420246055 (SGD), LU2420245594 (USD)
[EXCLUSIVE] This is the cheapest unit trust in Singapore, and the lowest-cost passive index fund in Singapore for exposure to the US stock market. The fund provides an extremely low-cost exposure to large and mid-cap equities in the US, by tracking the Solactive GBS United States Large & Mid Cap Index.
The index reflects the performance of around 550 companies and covers about 85% of the free-float market value of the US market. This benchmark is very similar to the more commonly known S&P 500 Index, but the use of the Solactive index allows the Amundi Prime USA Fund to achieve the lowest fee in the industry — at just 0.05%.
The fund is now available for CPF investing, making it a cost-effective and efficient way to invest for the long term. This is exclusively made available first to Endowus.
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Funds for accredited investors (AIs) only
We have also added two new AI-only funds this month, including one alternatives funds.
If you wish to invest in an accredited investor-only (AI-only) fund, please contact [email protected].
Customise your portfolio in minutes with Fund Smart
Whether you’re looking to invest your cash, CPF, or SRS, there’s something for everyone at Endowus. Want to know more about the funds available on Endowus Fund Smart? Refer to our investment funds list here for a quick overview in a single glance.
Check out the most popular funds on our platform last year. If you’re keen on China equity funds, we’ve highlighted a selection of China-focused funds that are worth a look.
We also recently gave the Fund Smart platform a massive upgrade — including wider currency options, new dividend payout options, and an improved experience for verified accredited investors. These give you more flexibility and information in selecting your own funds and building your own portfolios.
Customise your ideal investment portfolio in minutes with Fund Smart. The Endowus Fee for Single Fund Goals via Fund Smart (Cash, CPF, and SRS) is 0.3% p.a., reinforcing our commitment to reduce the cost of investing. This pricing means that more than 95% of the funds are now cheaper on Endowus than on any other fund platform, bank, private bank, financial advisor, or broker in Singapore.
Not sure how to invest with Fund Smart? Find out everything you need to know in our FAQs.
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*Annualised returns are calculated based on the returns of the target share class, and the oldest share class of the fund where the target share class is younger than three years. Three-year returns are based on the period from April 2020 to March 2023 unless otherwise stated. Returns are translated into SGD (except for non-SGD funds) and are net of fund-level fees.
**Where a fund or portfolio has both SGD and USD share classes, the fees of the SGD share class are shown. Total portfolio and fund-level fees include fund total fund-level fees.
***Endowus does not charge a preliminary sales charge or any other additional fees, other than the all-in Endowus Fee.
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Investment involves risk. Past performance is not necessarily a guide to future performance or returns. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.
Any forward-looking statements, prediction, projection or forecast on the economy, stock market, bond market or economic trends of the markets contained in this material are subject to market influences and contingent upon matters outside the control of Endowus Singapore Pte. Ltd. (“Endowus”) and therefore may not be realised in the future. Further, any opinion or estimate is made on a general basis and subject to change without notice. In presenting the information above, none of Endowus, its affiliates, directors, employees, representatives or agents have given any consideration to, nor have made any investigation of the objective, financial situation or particular need of any user, reader, any specific person or group of persons. Therefore, no representation is made as to the completeness and adequacy of the information to make an informed decision. You should carefully consider (i) whether any investment views and products/ services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. You may also wish to seek financial advice through a financial advisor or the Endowus platform and independent legal, accounting, regulatory or tax advice, as appropriate.
Investment into collective investment schemes: Please refer to respective funds’ prospectuses for details of the funds, their related fees, charges and risk factors. The listing of units of the fund on a stock exchange does not guarantee a liquid market for the units. Before making an investment decision, you are reminded to refer to the relevant prospectus for specific risk considerations.
For Cash Smart Secure, Cash Smart Enhanced, Cash Smart Ultra: It is not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. Investment products are not insured products under the provisions of the Deposit Insurance and Policy Owners Protection Schemes Act 2011 of Singapore and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme. Interest rates are indicative and subject to change at any time.
Product Risk Rating: Please note that any product risk rating (the “PRR”) provided by us is an internal rating assigned based on our product risk assessment model, and is for your reference only. The PRR is subject to change from time to time. The PRR does not take into account your individual circumstances, objectives or needs and should not be regarded as advice or recommendation to purchase, hold or sell any fund or make any other investment decisions. Accordingly, you should not solely rely on the PRR in making your investment decision in the relevant Fund.
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