Note : |
1 |
Funds
refer to unit trusts and investment-linked insurance
products under CPFIS. |
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2 |
This refers to comparison of funds of similar asset
class/strategy on a world-wide basis. |
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3 |
Risk categories are: |
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a) Higher risk - Funds that invest in equities. |
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b) Medium to high risk ¨C Funds that invest in a mixture of
equities and bonds. |
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c) Low to medium risk ¨C Funds that invest in fixed income
products or bonds. |
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d) Lower risk ¨C Funds that invest in money market
products. |
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4 |
Expense ratios refer to the operating costs of unit trusts
and investment-linked insurance products which include
investment management fees, expressed as a percentage of
the fund's average net assets for a given time period. The
expense ratio does not include brokerage costs and various
other transaction costs that may also contribute to a
fund's total expenses. Expense ratio is commonly used in
the industry to compare the cost of funds and forms the
biggest component of fund cost. For guidelines on the
computation of expense ratio, please refer to
Investment Management Association of Singapore (IMAS)
website. |