DBS Asset Management is proposing to unit holders to terminate the fund due to small fund size (currently at S$4.6 million as at 31 July 2009) with an unaudited expense ratio of 3.42% as at 30 June 2009.

I just checked the fund’s return. For the past 1 year bid-bid return as at 7 Aug 2009 according to fundsupermart’s figure is -21.1%. Well, I guess it isn’t that absolute afterall.