Transfer your unit trusts seamlessly and save up to 50% or more on Endowus Fund Smart
Endowus Insights

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.

Transfer your unit trusts seamlessly and save up to 50% or more on Endowus Fund Smart

Updated
6
Dec 2023
published
6
Dec 2023
insights-unit-trust-transfer-savings

Why transfer your unit trusts / mutual funds to Endowus Fund Smart?

Endowus Fund Smart is a fund platform that boasts over 400 best-in-class funds that have been curated by the Investment Office, focusing on only the top-tier fund strategies by world-class asset managers. 

Save up to 50% or more on fees

Aside from the high quality of funds that are represented, funds on Endowus Fund Smart are more cost efficient than those on other platforms. This is achieved via these two methods:

  1. The Endowus team has secured  access to institutional share class on our funds (wholesale prices), as compared to other platforms where you typically access retail share class only; 
  2. We provide 100% Cashback on trailer fees, so you pay only an all-in-one Endowus Fee with no added sales charges or transaction fees.

Lowering fees directly improves investment outcomes, especially over a longer duration, and these fee savings have amounted to 50% or more of the fund-level fees in many instances. 

If you’re looking to lower the overall cost of your investment portfolio and consolidate your holdings on one platform, you may want to consider transferring your existing unit trust investments to Endowus. 

World-class fund managers at your fingertips

You may save hundreds to thousands of dollars, capitalising on our 100% Cashback on trailer fees from a large range of over 40 top-tier fund managers like PIMCO, Allianz, JPMorgan Asset Management, Schroders, Fullerton, and more. Best of all, this transfer is free of charge, and as there is no buying and selling of funds, you do not risk being out of the market. 

Here are the cost savings you can enjoy on some of the more popular funds: 

These cost savings are computed based on the 100% Cashback on trailer fees, which are paid out on a quarterly basis. 

*Assuming 4%, 7%, and 6% returns per year based on the 10-year annualised returns of each fund as of June 2023, Endowus Access Fee (0.3% p.a.), and comparing the respective fund-level fees at Endowus (after trailer fee Cashback and assuming Cashback is re-invested) and the highest fee charged by a retail fund platform in Singapore. For the methodology of representative historical data, please refer here.

A holistic view of your entire investment portfolio 

Apart from cost savings, transferring your unit trusts from various banks or brokers to Endowus allows you to view all your investment holdings and analyse your market exposure holistically. For instance, you might wonder what your exposure to China or the technology sector is across all your holdings. Our platform allows you to better analyse your top holdings, overall asset allocation and also the risks that you are taking relative to the expected returns of your portfolio. 

And now, you can seamlessly transfer your unit trust investments to Endowus via our app by following these steps:

  1. Create an active Endowus account. If you would like to open an Endowus account, you can start here
  2. With an Endowus account, you'll be able to initiate a transfer through the Endowus Mobile App by selecting "Transfers” (the large blue button at the bottom of your app) 
  3. Select “Unit Trust Transfer”, complete the required fields in a few simple steps, upload the relevant documentation, and you're done. 
  4. Our client advisors will subsequently reach out to you in a few days to update on the progress of your transfer.


FAQs on transferring unit trusts to Endowus

1. Can I transfer my CPF and SRS investments?

At the moment, we are only able to support unit trust transfers for cash investments.  

We offer globally diversified, low-cost investment solutions for CPF and SRS investing, which includes exclusive access to the lowest cost index funds in Singapore. To find out more, click here for CPF and here for SRS. You can also reach out to our Client Advisors at support@endowus.com. 

2. How long does the transfer process take?
The transfer process may take up to ~4 weeks to complete. (You will stay invested in the markets during this period.)

3. The funds I want to transfer are not on the Endowus platform. Can you still facilitate the transfer?
Please reach out to support@endowus.com and we will see if we can facilitate the transfer of your unit trust holdings. 

Any questions or need a little help?

Reach out to us via:

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