MoneyOwl rolls out digital CPF investment service and 2 lower-cost funds

Article by The Business TImes
12 April 2022

This article covers the launch of MoneyOwl’s digital CPF investing service, its partnership with Lion Global Investors and UOB Asset Management and the criteria for funds to be on the platform. It briefly compares MoneyOwl’s retrocession-free share classes to that of Endowus, who is said to have pushed hard to raise awareness of lower-cost unit trusts and the dilution impact of high costs on returns. Chuin Ting’s comments on the funds being a significant step in lowering structural costs and providing simple and fit-for-purpose CPF investment solutions, to enable better investment outcomes for Singaporeans are also mentioned.  

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