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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 | 25th November 2019

Kristal Weekly Feed Banner

In a hurry? Here’s a short summary of some major global headlines over the last week.

Positives

  • U.S. consumer sentiment hit its highest level in four months as rate cuts boost optimism
  • China is considering investing $10 billion in Saudi Aramco’s mammoth IPO

Negatives

  • The world’s best-performing stock of 2019 just lost 98% of its value
  • The US-China trade war could get worse; business world on edge

 

Now, for more detail.

 

Positives

1. U.S. consumer sentiment hit its highest level in four months as rate cuts boost optimism

What You Should Know

According to Bloomberg reports, the U.S. consumer sentiment reached its highest level, landing between 94 and 97.5, since July’s 98.4 index as Americans grew less worried about tariffs and the Federal Reserve’s rate cuts took hold. The increasingly optimistic spending outlook among Americans has driven the November growth as recession fears have waned from their summer peaks, and the Fed’s three rate cuts have encouraged greater borrowing among consumers.

What You Should Look Out For

The upward momentum is likely to continue into December as spending picks up, Surveys of Consumers chief economist Richard Curtin said. He also added that personal spending will be energized by record favorable evaluations by consumers of their personal financial situation, with gains expected across the entire income distribution, net increases in household wealth, the renewed appeal of price discounting, and reduced mortgage rates.

Suggested Reading

 

2. China is considering investing $10 billion in Saudi Aramco’s mammoth IPO

What You Should Know

According to Bloomberg reports, the Chinese government-owned entities are considering investing $5 billion to $10 billion in Saudi Aramco’s mammoth initial public offering. Saudi Arabia has been seeking foreign governments to buy into its historic offering and attract additional investor interest. Simultaneously, China President Xi Jinping has been looking to boost the country’s international reputation amid slowing economic growth.

What You Should Look Out For

According to Bloomberg, Aramco’s public debut is a linchpin in the Saudi government’s plan to shift economic dependence from oil. Proceeds from the offering are expected to go to the nation’s sovereign wealth fund, which holds assets managed by SoftBank and Blackstone.

Suggested Reading

 

 

Negatives

1. The world’s best-performing stock of 2019 just lost 98% of its value

What You Should Know

Chinese marble miner ArtGo Holdings that was considered to be the world’s best performer with more than $1 billion in market cap, crashes 98% in Hong Kong trading overnight after MSCI decides not to add it to its foray of indexes. This happened after the shares had skyrocketed 3,800% for the year.

What You Should Look Out For

According to reports, this looks to be pure speculative trading banking on validation from MSCI.
And this only might be an add to the macroeconomic picture which isn’t set to improve in Hong Kong anytime soon as the region entered its first recession in a decade after October data showed a second consecutive quarter of GDP contraction.

Suggested Reading

 

2. The US-China trade war could get worse; business world on edge

What You Should Know

The US-China rivalry seems to get even more intense. And that is keeping the business world on edge. The “phase one” agreement with China that US President Donald Trump promised in October has yet to materialize, leaving businesses more uncertain about what comes next.
The corporate executives, academics and politicians who descended on Beijing this week to discuss the state of the economy seemed a lot more unsure about the outcome of the trade war, which now is feared will be dragged into 2020.

What You Should Look Out For

The former US Secretary of State, Henry Kissinger said on stage in Beijing that the United States and China are “in the foothills of a Cold War”. He warned that an unresolved conflict could lead to problems “even worse” than when World War I broke out just over a century ago.

Suggested Reading

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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