Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.
There were 2 portfolio changes in the Endowus Equity 100 portfolio, one in August 2022 and another just last month (April 2023).
As described in my blog post Robo War Experiment (RWE) Update – Cost Comparison as of 21 May 2022, the Endowus Equity 100 Portfolio consists of 4 unit trusts. The overall cost structure is tabulated below:
Portfolio Change in August 2022
In August 2022, Endowus recommended 2 portfolio changes to the equity portfolio:
https://endowus.com/insights/rpc-cash-srs-amundi-passive-index
The first change is to replace LionGlobal Infinity US 500 Stock Index Fund with the lower-cost Amundi Prime USA Fund for cost saving. Although the Amundi fund doesn’t track the exact S&P 500 stocks, it has similar market exposure as the S&P 500.
The second change is to reduce the overweight position in the United States and bring it closer to the geographical allocation with the MSCI ACWI benchmark.
With the above recommended portfolio changes, the cost structure has changed to the following:
The changes have reduced the fees by 0.1%, offering better risk-adjusted return going forward.
Portfolio Changes in April 2023
Last month Endowus recommended 3 portfolio changes to the equity portfolio:
https://endowus.com/insights/rpc-flagship-cash-srs-ishares-amundi
The essence of the above 3 changes can be summarized as reallocating Dimensional factor-based funds to BlackRock passive index funds, adding Amundi emerging market fund, and adjusting the allocation to various markets.
The changes result in the following cost structure:
These changes further reduce the fees by another 0.03%.
Personal Wealth Life Cycle Management (PWLCM) 