x

Start investing with a
free Kristal.AI account.

icon

Simple. Secure.

*Error message
X

Accredited Investor

An Accredited Investor is an individual:

1. Whose net personal assets exceed in value SGD 2 million (or it's equivalent in a foreign currency) with value of his/her primary residence capped at SGD 1 million, or

2. Whose financial assets (net of any related liabilities) exceed in value SGD 1 million (or it's equivalent in a foreign currency), or

3. Whose income in the preceding 12 months is not less than SGD 300,000 (or it's equivalent in a foreign currency)

X

Kristal Freedom Account Fees and Charges

If account value is less than USD 50,000 -

NIL (if 25 or less client-initiated trade per calendar year; every SIP initiation is considered as 1 buy), else Custody and Asset Operating Fees at actuals charged to the Account by the Partner broker (i.e. Saxo Capital Markets).

If account value is more than USD 50,000 -

0.3% of account value charge is applicable, computed monthly on calendar month-end account value, charged quarterly and Custody and Asset Operating Fees at actuals charged to the Account by the Partner broker (i.e. Saxo Capital Markets).

Kristal Freedom Account Fund Movement Fee

Fee Item Kristal Freedom Account
Funds Deposit
USD Upto USD 25
SGD NIL
HKD NIL
AUD Upto USD 250
EUR Upto USD 250
GBP Upto USD 250
Deposit Threshold NIL (USD 1000 recommended)
Funds Withdrawal
USD Upto USD 50
SGD NIL
HKD NIL

FX Conversion

Where required shall be executed at 0.05% from the Market Rate. The Market Rate available to Kristal.AI is the Rate made available by the relevant brokers.

Note -

If Sender indicates Sender charges = 0, sending cost will be deducted (in addition to the above) by the receiving bank and paid back to the Sending bank and/or its Correspondent bank as applicable.

Additional charges levied by Clients’ bank may apply on transfers and FX conversions done in Clients’ bank account.

X

Kristal Private Wealth Account Fees and Charges

Non Fund Kristal account value if less than USD 50,000 -

Custody and Brokerage at actuals, charged to the Account by the Broker (i.e. Saxo Capital, Interactive Brokers).

Non Fund Kristal Account value if greater than USD 50,000 -

- 0.30%p.a. of A/C value > US $50,000, computed MONTHLY on calendar month-end account value, charged QUARTERLY.

- Custody and Brokerage at actuals, charged to the Account by the Broker (i.e. Saxo Capital, Interactive Brokers).

Fund Kristal fee in accordance with Factsheet.

Fee Item Kristal Private Wealth Account
Funds Deposit
USD Upto USD 50
SGD NIL
HKD N/A
AUD Upto USD 250
EUR Upto USD 250
GBP Upto USD 250
Deposit Threshold NIL (USD 25000 recommended)
Funds Withdrawal
USD Upto USD 50
SGD NIL
HKD NIL

FX Conversion

Where required shall be executed at 0.05% from the Market Rate. The Market Rate available to Kristal.AI is the Rate made available by the relevant brokers.

Note -

If Sender indicates Sender charges = 0, sending cost will be deducted (in addition to the above) by the receiving bank and paid back to the Sending bank and/or its Correspondent bank as applicable.

Additional charges levied by Clients’ bank may apply on transfers and FX conversions done in Clients’ bank account.

Kristal Managed Investment Account Fees and Charges

Fixed Income account value is equal to or greater than 80% of Total account value -

0.20%p.a. of Total account value, computed MONTHLY on calendar month-end Total account value, charged QUARTERLY.

Fixed Income account value is less than 80% of Total account value -

0.50%p.a. of Total account value, charged QUARTERLY, computed MONTHLY on calendar month-end Total account value.

Brokerage Account operating and maintenance charges ADDITIONAL in accordance with your Agreement with Broker.

Money transfer and FX conversion charges in accordance with your agreement with Broker.

DISCLAIMER

This is offered only to Accredited and Institutional Investors as defined under the Securities and Futures Act, Chapter 289 of Singapore (“Act”), which broadly comprises of regulated financial institutions, large corporates, high net worth individuals and sophisticated investors.

By clicking “Proceed”, you confirm that you are an Accredited/Institutional Investor as defined under the Act and you agree to the Terms of Use for this website.

EXIT PROCEED

Weekly Feed Mins Read

Economic Calendar and Outlook – October 2019

Economic-Calender-blog-image-Kristal.AI

Updated: 03, October

 

DATEREGIONEVENTCURRENCYMARKET CONSENSUS
1st OctAustraliaRBA Cash Rate TargetAUDRates unchanged due to low unemployment rate, positive business conditions, high level of investment in public infrastructure, and growth in resource exports
1st OctEurozoneMarkit Eurozone Manufacturing PMIUSD + All currenciesFinal Eurozone Manufacturing PMI at 45.7 in Sep (Flash: 45.6, August Final: 47.0). Output, new orders, and purchasing all fell leading to deteriorating conditions
1st OctUnited StatesISM ManufacturingUSD + All currenciesThe September PMI registered 47.8% (a decade low), 1.3% lower than the August reading of 49.1%. Reflects a continuous decrease in business confidence at a pace higher than in August
4th OctIndiaRBI Repurchase RateINR25bps cut likely
4th OctUnited StatesChange in non-farm payrollsUSD + All currenciesTo remain robust
10th OctUnited KingdomIndustrial Production MoMGBPTo remain subdued. Brexit headwind weighing on
15th OctChinaCPI YoYCNY + All currenciesFlat. Might hover a little lower due to renewed agro supplies from US
16th OctEurozoneCPI YoYEURTo remain subdued
18th OctChinaGDP YoYCNR + all currenciesFlat
23rd OctEurozoneConsumer ConfidenceEURUnchanged
24th OctEurozoneECB Main Refinancing RateEURGeneral expectation is that the rate will remain unchanged
30th OctUnited StatesGDP Annualized QoQUSD + All currenciesLower growth rate of 1.9% expected. But BEA has been beating estimates over a past few months regularly
30th OctCanadaBank of CanadaCADLikely to remain unchanged
30th OctBrazilSelic RateBRL25bps cut likely
31st OctUnited StatesFOMC Rate Decision (Upper Bound)USD + All currencies25bps cut possible
31st OctJapanIndustrial Production MoMJPYNeutral
31st OctEurozoneGDP SA QoQEURUnderweight

Outlook Commentary: 

US Consumer spending remained strong, yet the near-term outlook for the corporate sector is bleak. Manufacturing recession and unending US-China trade spat might drag down other sectors. FED has been active, but its policy tools are depleting. Damage from trade war might prove to be to large to be overshadowed by rate cuts. Further yield curve inversion might come up which adds to downside risks for growth.

Slow-down in Eurozone economy, Brexit and trade war weight on the consumer and business confidence. This results in further deceleration in Germany, the biggest economy in Eurozone. Technical recession seems feasible if hard Brexit materializes and Europe is targeted in trade war. ECB might act with further stimulus measures, which should keep bond yields negative for extended period of time.

Political drama in UK doesn’t seem to abate any time soon. It’s likely that UK will be heading into an election. It is hard to predict when. The odds of hard Brexit on 31st October has not substantially subsided. Legislative efforts are in play to defer the Brexit deadline. In case, UK does delve into election, the outcome will be practically impossible to predict.

The tax cut puts corporate India on par with Asian neighbors. This is significantly positive for the economy over a longer-term. However, the aggressive stimulus adds to further delaying fiscal consolidation. There is no clarity about how the government will be financing the wider deficit. INR will likely be vulnerable to weakening public finances, the renewed threat of higher oil prices leading to higher domestic inflation, and the persistently wide current account deficit.

Despite large fiscal stimulus in infrastructure investment and PBOC’s rate cuts, it will be difficult to damage control the losses of export orders to US and the structural weakness in global demand for smartphones and related products (highly weighted in the industrial production data). Market’s expectation of 6% growth will be hard to achieve.

We maintain our view of staying conservative in the current environment and to target a 50:50 portfolio allocation between bonds and equity and also to add Gold to a portfolio on dips.

 

Disclaimer

The materials and data contained herein are for information only and shall in no event be construed as an offer to purchase or sell or the solicitation of an offer to purchase or sell any securities in any jurisdiction. Kristal Advisors does not make any representation, undertaking, warranty or guarantee as to the update, completeness, correctness, reliability or accuracy of the materials and data herein. All opinions, forecasts or estimation expressed herein are subject to change without prior notice. Kristal Advisors and its affiliates accept no liability or responsibility whatsoever for any direct or consequential loss and/or damages arising out of or in relation to any use of opinions, forecasts, materials and data contained herein or otherwise arising in connection therewith.

Disclaimer

The materials and data contained herein are for information only and shall in no event be construed as an offer to purchase or sell or the solicitation of an offer to purchase or sell any securities in any jurisdiction. Kristal Advisors does not make any representation, undertaking, warranty or guarantee as to the update, completeness, correctness, reliability or accuracy of the materials and data herein. All opinions, forecasts or estimation expressed herein are subject to change without prior notice. Kristal Advisors and its affiliates accept no liability or responsibility whatsoever for any direct or consequential loss and/or damages arising out of or in relation to any use of opinions, forecasts, materials and data contained herein or otherwise arising in connection therewith.

Post tagged under

economic calendar EUrozone FOMC RBI

Other stories you might like

cross
Change your country to India?

You’re now visiting Kristal.AI Worldwide.
To explore diverse offerings in Indian and global products, select India as your country.

ind

India

hkg

Hong Kong

sgp

Singapore

global

Other
Disclaimer

This is offered only to Accredited and Institutional Investors as defined under the Securities and Futures Act, Chapter 289 of Singapore (“Act”), which broadly comprises of regulated financial institutions, large corporates, high net worth individuals and sophisticated investors.

By clicking Proceed, you confirm that you are an Accredited/Institutional Investor as defined under the Act and you agree to the Terms of Use for this website.