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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)

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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.

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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

Kristal Weekly Feed I 12th August, 2019

Kristal Weekly Feed Banner

All you need to know, in under 1 minute.

Here’s a concise report on what made headlines in the global market last week.

Positives

  • Gold wins in a volatile week for markets
  • Bond ETF makes merry as investors move to safe-haven assets

Negatives

  • Economic fallout from political protests in Hong Kong broadens
  • Climate change is putting the world’s food supply at risk

Now, for more detail.

 

Positives 

1. Gold wins in a volatile week for markets

What You Should Know

As the week saw increasing volatility and market turmoil among rising trade tensions between China and US along with concerns of global growth slowdown, gold sat at a six-year high on Friday at $1,500, gaining 4.3 per cent over the week.

What You Should Lookout For 

The week saw high volatility in the markets as the S&P 500 registered the longest streak of big daily moves since the start of the year. Earlier in the week, the S&P 500 fell by 3% in a single day after China allowed its currency to fall against the US Dollar, escalating trade tensions. The S&P 500 however rose back to almost where it started in the second half of the week.

Suggested Reading:

Gold wins, dollar loses in another volatile week for markets

 

2. Bond ETF makes merry as investors move to safe-haven assets

What You Should Know

With rising volatility in the equity asset class, the exchange traded funds focused on safe haven assets are notching up their biggest advance in eight years since the 2011 US downgrade.

What You Should Lookout For 

A rally of about 8% over the last ten days for iShares 20+ Year Treasury Bond ETF is the largest since US government debt was downgraded in 2011. This surge has put the ETF ahead of some of the biggest ETFs that track the US stocks.

Suggested Reading:

Bond ETF Extends Steepest Rally Since 2011 U.S. Downgrade

 

Negatives 

1. Economic fallout from political protests in Hong Kong broadens

What You Should Know

As the demonstrations against China’s grip on the city are turning increasingly violent in Hong Kong, the toll on commerce is also rising, hurting a growing list of businesses, from local retailers and hotels to foreign firms, including Walt Disney Co.

What You Should Lookout For 

Cathay Pacific, city’s flag carrier registered a dip in ticket sales as flow of visitors to the city is reduced. Walt Disney also reported that visits to Hong Kong Disneyland have suffered. Macau’s casino operators reported an unexpected drop in revenue in July.

Suggested Reading:

Cathay Pacific Blames Hong Kong Protests For Ticket Sales Dip

 

2. Climate change is putting the world’s food supply at risk

What You Should Know

A UN report says that climate change could lead to shortage of food supply, threatening the poorest populations first. Stability of food production will increasingly be impacted due to extreme weather. Push to use more lands for food production is eliminating natural wetlands and forests that capture greenhouse gases, according to the report.

What You Should Lookout For 

Crop yields are already falling in some areas, deserts are spreading and plant diversity is waning, according to the report. If the planet gets warmer by 2 degree Celsius, about 200 million people are expected to be affected by drought intensity, water stress and habitat degradation.

Suggested Reading:

Climate Change Could Lead to Food Shortages, UN Report Says

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.

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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.