知道这些 costs 后，你还会买 unit trusts 吗？

arnofren

UNDERSTANDING FEES

Trustee Fee

The fund management company usually appoints a trustee, a company that holds the funds on behalf of the fund manager.

The trustee company is typically paid a fee, usually 0.05% or less, for this service.

Sub-Fund or Feeder Fund Fees

If it's a feeder fund or a sub-fund, the fund is typically managed by the fund manager of the principal or 'mother fund', usually some Luxemburg-based fund.

So the feeder or sub-fund has to pay a fee to the fund manager of the mother fund for managing the funds on its behalf.

The annual management sub-fund fee typically ranges from 0.5%-1.75%.

Distribution Fee

This is a special charge known as a distribution fee, and normally ranges from 0.25% to 1.00% of a fund's assets. Such fees are spent on advertising, marketing, and distribution services, or on commissions to sales representatives. Sometimes, it's also called "Promotion Fees".

Hidden Cost

The one large hidden cost, often ignored by investors because of its invisibility, is the cost the fund incurs in executing its portfolio transactions. Buying and selling stocks and bonds can get very expensive. This cost includes not only brokerage commissions but also dealer bid-asked spreads and what is called "market impact", meaning that the buyer of a stock tends to push its price up and the seller to push its price down.

Transaction costs are difficult if not impossible to calculate accurately. They vary widely depending on the liquidity and marketability of a fund's portfolio securities. Studies have shown that transaction costs vary between 0.5% to 2% of the fund assets per year. Smaller funds with high rates of portfolio turnover incurred higher costs, while lower turnover rates by large funds resulted in lower costs.

Total Costs Paid by Fund Shareholders

In the final analysis, you must determine the total costs involved in the ownership of fund shares before making your investment decisions.

Higher costs always entail relatively lower returns in money market funds and generally do so in bond funds. For stock (equity) funds, there is no credible evidene supporting the notion that paying higher costs results in receiving higher returns.

To realize maximum value, the unit trust investor must know the cost of everything.

http://www.wallstraits.com/school/unittrust/insight_fundfees2.asp

arnofren

算一算它的 costs :
1. 5% (online can get 2.5%)
2. annual management fees - up to 1.75%
3. distribution fees - up to 1%
4. bid/sell price gap
5. costs to fund managers when they buy/sell shares

一共加起来可能有10% (costs)
所以它起了10%,你只可以 break-even
要赚钱,它必须大幅度的起...
如果是自己买股票,costs 只有 1%

misia

如果升个50%就没问题了。我心甘情愿的给

arnofren

原帖由 misia 于 10-6-2007 07:43 PM 发表
如果升个50%就没问题了。我心甘情愿的给

很同意你的看法...如果在 recession,应该大买特买...


想指出的是...如果 costs 越高,风险就越高...

kensai

还好吧，
因为新加坡fd真的是太低了，股票有风险大
没有选择之下只好买 unit trust lo

[ 本帖最后由 kensai 于 10-6-2007 11:58 PM 编辑 ]

stock_gal

不买。。。。。。。。

太空飞人

原帖由 arnofren 于 10-6-2007 07:34 PM 发表
算一算它的 costs :
1. 5% (online can get 2.5%)
2. annual management fees - up to 1.75%
3. distribution fees - up to 1%
4. bid/sell price gap
5. costs to fund managers when they buy/sell sha ...

我个人觉得，我们对Spore股票熟习，Spore股票有什么风吹草动，可以马上脱手，所以不需要去买投资 Spore Equity 的UnitTrust。

如果像外国股票， 很多时候你不知发生什么事，所以买他们Unit Trust会比较安全。

[ 本帖最后由 太空飞人 于 28-6-2007 01:26 PM 编辑 ]

smart_603

原帖由 太空飞人 于 28-6-2007 11:51 AM 发表


我个人觉得，我们对Spore股票熟习，Spore股票有什么风吹草动，可以马上脱手，所以不需要去买投资 Spore Equity 的UnitTrust。

如果像外国股票， 很多时候你不知发生什么事，所以买他们Unit Trust会比较安全。

完全同意。。。

浅海鱼

反正我本来都不买unit trust. 无所谓.

常山趙子龍

我會買。。。如果你沒有時間的或沒有主意的話。。。
那是一個不錯的選擇。。。或是你要投資在外國股市。
反正都長期投資。

arnofren

如果股票再跌，将用 cpf 买 unit trusts

arnofren

If buy Unit Trusts
1. go to www.fundsupermart.com (2% sales charge) (vs 5% or more sales charge elsewhere)
2. recommended countries: korea, taiwan, singapore and thailand; avoid china and india (becos price too high)
3. can use cpf ordinary account (need to open cpf investment account with local bank first), no investment limit on cpf ordinary account for unit trusts investment (vs 33% limit on shares investment)
4. register account with www.fundsupermart.com (call their hotline/check website for steps), don't wait till last minute
5. buy/sell of unit trusts before 3 pm (will take the closing prices of the same day); if after 3 pm, will take the closing prices of the following day
6. best time to buy (in my opinion) is during market major correction

Last Thursday, when STI closed at 3152, bought (before 3 pm) using CPF:
i. Aberdeen Pacific Equity  (Asia)
ii. Aberdeen Singapore Equity
iii. Aberdeen Thailand Equity
iv. Franklin Templeton F-Korea

(Aberdeen highly recommended by fundsupermart)

Good luck!

arnofren

Fundsupermart recommendations:

Korea (highly recommended)
- Lion Capital

Taiwan (highly recommended)
- Fiderlity Taiwan

Singapore (recommended)
- Aberdeen

Thailand (recommended)
- Aberdeen

Asia (recommended)
- Aberdeen

Japan (neutral)
- Henderson
- Lion Capital

China (not recommeneded)

India (not recommended)
- Aberdeen India Opportunities
- HSBC India Growth

[ 本帖最后由 arnofren 于 21-8-2007 11:43 AM 编辑 ]

mm_lee

买UNIT TRUSTS可以全球化的投知.COSTS较多不过风显低.

pig^on

还是会买一点
当她是分散投资

馬少的哥哥

我会买！
不过是在马来西亚买 Public Mutual 的，因为没空留意马来西亚的股市。
基本上只要起 6.5% 就 break even 了，这并不难！
个人认为 Public mutual 的 financial manager 的表现还挺不错，成绩都应令人满意。
我是觉得应该分散风险，所以在马来西亚我交给 Public Mutual，在新加坡就自己买点小股炒炒。

arnofren

今天卖了 Asia  和 Singapore  的 unit trusts
还保留着 Korea  和 Thailand 的

arnofren

最近也把 korea 和 thailand unit trusts 卖掉了

mm_lee

原帖由 arnofren 于 30-9-2007 12:37 AM 发表
最近也把 korea 和 thailand unit trusts 卖掉了

会不会早了点,现在股市正偏向牛市.
我会HOLD到年尾至少.

mm_lee

大家不要错过良机...
先再是时后买进CHINA N HONG KONG的基金了.