Singapore fund investors paying above median fees: report
They face twin evils of front-loaded fees and ongoing expenses; but research report says Singapore scores on regulatory framework, sales practices
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Singapore
COMPARED to their global peers, investors in Singapore are paying higher-than-average fees on their funds, a report from investment research firm Morningstar revealed. This is due to front-loaded fees and ongoing expenses.
The median expense ratio for funds domiciled in Singapore is 0.88 per cent a year for fixed income funds, 1.74 per cent for equity funds, and 1.43 per cent for mixed "allocation" funds - about 0.1 to 0.15 percentage point higher than the median in 25 countries surveyed.
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