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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.

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Weekly Feed Mins Read

Kristal Weekly Feed | 15th July 2019

kristal.ai-kwf-8th july-banner

Got only 15 seconds? Here’s a succinct summary of major global events that transpired last week.

Positives

  • U.S. equities rallied to close at a record high
  • Australia’s stock market neared a decade high

Negatives

  • Singapore economy posts its slowest growth rate in a decade
  • China’s June export figures see a decline due to trade tensions

Now, for more detail.

 

Positives 

1. U.S. equities rallied to close at a record high

What You Should Know

The U.S. equity market rose to record highs this week. The S&P 500 crossed the 3,000 threshold while the Dow Jones Industrial Average surpassed 27,000. Among the gainers were the Financial and Technology sectors while Communications and Real Estate were the lagged behind.

What You Should Lookout For 

Fed Chairman Jerome Powell suggests there is room to cut interest rates to stimulate the economy in times of global slowdown. Earnings season is nearing with quarterly corporate reports set to begin next week.

Suggested Reading:

Stocks Hit Record at Close as Treasuries Retreat: Markets Wrap

 

2. Australia’s stock market neared a decade high

What You Should Know

Australia’s stock rally neared record highs this week with the Australia benchmark S&P/ASX 200 Index being just 2 percent away from a fresh record. The benchmark surged over 18 per cent this year, adding about USD 210 billion in value.

What You Should Lookout For 

The country’s monetary policy easing drove the equities higher as the Reserve Bank of Australia reduced interest rates both in June and July, and are set for further reductions in the coming months. The rally was led by sectors such as Communication, Technology, Media and Financial firms. The next catalyst is expected to be the upcoming earnings session next month.

Suggested Reading:

Australia’s $302 billion stock rally nears a record high, but the future is cloudy

 

 

Negatives 

1. Singapore economy posts its slowest growth rate in a decade

What You Should Know

According to Singapore’s Ministry of Trade and Industry, the Singapore economy shrank by 3.4 percent in the second quarter of this year, falling down to an annual growth rate of just 0.1 percent.

What You Should Lookout For 

Singapore has been impacted by the dual forces of the regional economic slowdown and the US-China trade war. The country’s supply of high-tech exports to Asia has been disrupted by the growing trade tensions. Lacklustre economic data raises possibilities of the country going easy on its monetary policy in the future.

Suggested Reading:

Singapore’s economy experiences slowest growth in a decade

 

2. China’s June export figures see a decline due to trade tensions

What You Should Know

Chinese exports have slowed down as a result of rising trade tensions between the world’s two largest economies. Chinese exports declined 1.3 percent year-on-year in dollar terms according to Chinese official data released this week. Value of imports into the country also fell, reflecting the local manufacturer’s caution while buying raw material. As a result, while the exports have declined, China’s trade surplus with the U.S. has risen.

What You Should Lookout For 

The softer figures are a consequence of the U.S.-China trade friction. Low expectations are here to stay for a while given headwinds such as global growth slowdown.

Suggested Reading:

China trade softens in June as US tensions flare

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.