Post by AyG on Aug 27, 2018 10:35:35 GMT 7
I've held TMBAM's Property Infrastructure Plus fund for a while now, and built up a substantial holding. However, as I was browsing Morningstar Thailand I noticed it had dropped to a 2* rating which led me to look at what else was available. I found one fund that was very similar in many ways: Patra's Property Sector fund. I've attached a sheet of notes comparing the funds. However, for me the Patra fund's advantages are:
The only obvious drawback is that the Patra fund has a 1% exit charge, which the TMBAM fund does not. However, if buying to hold for the medium to long term, it's not really an issue.
* For me, this means I don't have to bother with registering for/paying personal income tax by buying the accumulation units. (The TMBAM fund only comes in income units.) Total return should also be fractionally better with the accumulation units.
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- Lower TER (0.92% v. 1.39%)
- Superior performance (3 year annualised 13.5% v. 12.7%) largely accounted for by the lower TER
- Lower worst quarterly drawdown (-4.0% v. -5.6%)
- Higher allocation to Thailand (56% v. 36%)
- Available in both “income” and “accumulation” units*
The only obvious drawback is that the Patra fund has a 1% exit charge, which the TMBAM fund does not. However, if buying to hold for the medium to long term, it's not really an issue.
* For me, this means I don't have to bother with registering for/paying personal income tax by buying the accumulation units. (The TMBAM fund only comes in income units.) Total return should also be fractionally better with the accumulation units.
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