Singapore fund investors paying above median fees: report

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.