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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 Feed5 Mins Read

Kristal Weekly Feed I 16 March 2020

With a busy schedule, it can get difficult to understand and analyze major events around the globe and how they affect your investments. In our weekly market update, we help you slice and dice the latest news updates to make informed investment decisions.


Headlines this week:

    • President Donald Trump declared a temporary suspension on foreign nationals traveling from Europe to the US for 30 days
    • The US declares a national emergency to combat the spread of the virus
    • Markets around the globe suffered heavy losses this week as oil prices posted their worst weekly thrashing since 2008 to add to coronavirus fears. The US and Australian markets slipped into the bear phase while most others remained dangerously close
    • The OPEC failed to strike a deal with its allies regarding production cuts leading to an escalation in tensions and a price war between Russia and Saudi Arabia
    • On March 11, 2020, WHO’s Director-General declared COVID-19 as a pandemic causing the Dow Jones Industrial Average Index to plunge into the bear market territory.

    Tracking the 2019-n-CoV

    Covid-19 now has 143,247 confirmed cases around the globe and the death toll is at 5407. Countries with confirmed cases of Covid-19 include:

    COVID-19 tracking week of 9th-16th March 2020
    COVID-19 cases by country | Source: ECDC, Europe

    Market Update

    United States:

    Benchmarks in the US nosedived more than 7% on Monday. After the OPEC deal failed, tensions between Russia and Saudi Arabia escalated that added volatility to the markets that were already struggling with the economic impact of the Covid-19.

    Europe:

    The sentiment in the US was replicated in the European markets too as benchmarks tanked more than 7%. The markets reeled under the added pressure due to this price war between Russia and Saudi Arabia.

    Asia-Pacific:

    With oil prices dropping 24% making it the worst day since 1991, stocks in the Asia-Pacific region saw huge declines too.

    Let’s take a look at how the global markets performed during the week:

    United States

    The downward trend continued on Monday with benchmarks falling more than 7%. This was triggered by the oil price war between Russia and Saudi Arabia following failed OPEC talks. Coupled with the fears regarding the economic impact of COVID-19, investor sentiment was pessimistic. On Tuesday, President Donald Trump starting pushing for the economic relief package to fight the economic slowdown. This boosted investor confidence and the markets recovered half of their losses on Monday. The optimism was short-lived since on Wednesday, the Director-General of the World Health Organization (WHO) declared Covid-19 as a pandemic.

    U.S.-Market-performance-week-of-9-16th-March-2020

    Further, the U.S. Government imposed a temporary suspension on foreign nationals traveling to the U.S. from Europe for the next 30 days. This led to most stocks heading south on Wednesday. Thursday was a black day in the history of stocks in the U.S. as the markets ended in the bear market territory. Despite the attempts made by the Federal Reserve to boost confidence by pumping trillions into the markets, benchmarks lost more than 9%. On Friday, Donald Trump declared a national emergency to fight the spread of the virus. The markets fought back too and the S&P 500 posted its biggest one-day gain since 2008. Overall, it was a bad week for the U.S. markets.

    Europe

    The European markets started the week with benchmarks tanking more than 7%. This was due to the oil price war between Russia and Saudi Arabia following failed OPEC talks along with the fears regarding the economic impact of COVID-19. Italy’s government decided to quarantine its entire northern region and subsequently to the entire country to prevent the virus from spreading. The investors remained focused on the developments in Italy as the worst-affected country outside Asia. The markets remained in the red.

    On Wednesday, despite the rate cuts announced by the Bank of England, the markets could not make a recovery and closed lower. Thursday was a day that most investors would want to forget as the European markets posted their worst one-day drop in history! This was on the back of the travel restrictions imposed by the U.S. and the European Central Bank’s decision to keep the interest rates unchanged. The pan-European Stoxx 600 lost 11.48%. European investors tried shrugging off the fears on Friday and the markets made a small comeback and closed in the green. Overall, this was the worst week since October 2008.

    Europe-Markets-performance-week-of-9-16th-2020

    Asia Pacific

    Adding to the volatility due to COVID-19, fears of an oil price war between Russia and Saudi Arabia resulted in some steep declines in the Asia-Pacific markets. Benchmarks in Australia and Thailand dropped more than 7%. Most markets made some recovery on Tuesday as investors remained hopeful about receiving a stimulus package from the government to combat the economic impact of the virus.

    APAC-Markets-performance-week-of-9-16th-2020

    With no such packages coming their way, most investors started losing hope by Wednesday which saw most markets tumble back into the red zone. Australia entered the bear phase losing more than 20% from its 52-week high. Further, with the Dow Jones Industrial Average index slipping into the bear market territory overnight due to WHO declaring COVID-19 as a pandemic, Thursday was a bad day for Asia-Pacific markets too. Most benchmarks fell sharply with the Thailand SET Index losing more than 10% in a single day. The lack of confidence in the economy was evident on Friday too as most markets closed lower. The Australian markets tried to make a dramatic comeback with the S&P/ASX 200 Index gaining 4.42%. Overall, a bad week for the Asia-Pacific markets too.

     

    Heading into next week…

    While most markets either in the bear territory or close to it, investors are bound to feel overwhelmed with what was one of the fastest declines in history. While there will be a lot of ink spilled to explain the impact of the virus, uncertainty will be the underlying theme. While investors will be keeping an eye on the developments, aspects like a slowdown in the number of new cases, economic stimulus packages, etc. need careful consideration. Investors are advised to be watchful before making any huge investment decisions and speak to an investment advisor to ensure that the decisions are data-driven. We expect the volatility to continue and urge our investors to stay vigilant.

    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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