As we were discussing in the last post, unit trusts charges slightly higher fees vs ETFs but it allows retail investors access to other asset classes outside equities.Last checked there are about 400 unit trusts in Singapore with Asset Under Management (AUM) slightly under $40bn. The unit trust industry as a whole is not growing that much as alluded to before. When the market is not growing, the players need to grab market share in order to survive. One of the bigger players here is again PhillipCapital. They have a good introductory site for unit trusts for those who are still not familiar. In the past unit trust charges high fees and doesn’t really value add much since most of the fund managers never fulfill their mandate anyways (which is to beat their benchmark). With the pie shrinking, the players have resorted to lowering fees in order to ...