INVESTORS in Singapore may be paying more in fees than they realise. New online distribution channels have set up shop in recent years, and robo-advisers claim their users are charged lower fees. But research shows fees are higher than in other markets, and a survey of the local market suggests investors may not be aware of the best bargains.
Morningstar’s biannual Global Investor Experience report, which grades the experiences of mutual fund investors across 26 markets, gave Singapore a “below average” grade in its fees and expenses scorecard.
Other Asian markets that also scored below average include Hong Kong and China.
The top markets were Australia, Netherlands and the United States....
Keyword added to your list