Providend is excited to share that we are working alongside Dimensional Fund Advisors (DFA) to introduce three new low-cost CPFIS funds to Singaporean investors:
- The Global Core Equity III Fund
- The Emerging Markets Large Cap Core Equity III Fund
- The Global Core Fixed Income III Fund
We are also proud to announce that our clients are the first investors in these funds in Singapore!
This marks a historic milestone in Singapore’s investment landscape because, for the first time, Singaporean investors can access low-cost, evidence-based funds from Dimensional using their CPF, which was previously unavailable to them.
This initiative addresses the ongoing challenge of high annual fees associated with CPFIS investments, which
has historically hindered CPF members from realising returns that exceed CPF interest rates.
After more than five years since our first conversation with DFA, and more than three years of working closely with the DFA team on this project, including an intense last four months, Providend clients became the first investors in these funds by seeding the launch. It was not an easy journey, but we are finally making our dream a reality.
Despite Providend managing over $1 billion in assets, less than 3% of our Assets Under Management (AUM) is in CPFIS. However, Providend believes these low-cost, evidence-based funds from Dimensional will significantly benefit many Singaporeans. Although Providend primarily serves affluent families through our fee-only model, we have a heart for the common man.
With these new CPFIS investment funds and our commitment to continuous financial education for the mass market, Singaporean investors can have a better investment experience.
For more information, refer to this press release or make an enquiry with us here.
The writer, Christopher Tan, is Chief Executive Officer of Providend Ltd, Southeast Asia’s first fee-only comprehensive wealth advisory firm and author of the book “Money Wisdom: Simple Truths for Financial Wellness“. He is also a Certified Ikigai Tribe Coach.
For more related resources, check out:
1. Why Does Providend Work with Dimensional Fund Advisors? (Featuring Dr Marlena Lee)
2. Client-Centric Investing: A Conversation with Dave Butler from DFA
3. Why an Investment Expert Would Be Willing to Pay for Wealth Advice (Featuring Dr Wei Dai)
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