I received an email in the morning that there is a new portfolio. This is the content of the email and you can read more about it here – Introducing Our Income Portfolio:
I immediately logged in to take a deeper look.
You need a minimum of SGD $10,000 for this portfolio as compared to its previously no minimum balance portfolio which is pretty high to start…
The portfolio is denominated in SGD (no foreign currency risk) and is at 12% StashAway Risk Index. This means there is a 1% chance of losing >= 12% in any year (even during a recession). The projected income/dividend yield is at 3.75% which I would consider it to be low. We will be able to see what are the underlying ETFs below.
It uses these 6 ETFs to pay out dividends and they will be distributed the month the ETFs pay them. Due