New DBS-Fullerton fund targets small investors
SMALL investors with just $1,000 now have a chance to dabble in an investment fund linked to Temasek Holdings.
Temasek’s Fullerton Fund Management has tied up with DBS Bank to launch the new investment fund with a focus on Asian equities and fixed-income securities. ST
A few yrs back, netizens were screaming their heads off, cursing Temasek when it said it (via Fullerton) was planning to move into fund mgt: for foreigners. It was pointed out that this was unfair to S’poreans especially smaller investors who were getting “peanuts” 2.5% and 4% on their CPF monies.And that Temask’s staff were paid (indirectly) by the tax-payer but foreigners were getting the benefit of their expertise.
Funnily, these same netizens were bitching that Temasek was a lousy investor of S’pore’s money.
Anyway this new fund shows the govt (or at least Temask) does listen. LOL. Not that netizens care, ’cause thry’ve moved on to the next bitch LOL. Taz ’cause the internet is like water: always moving on.