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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 6th April 2020

Kristal Weekly Feed - Kristal.AI

These are tough times and 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:

    • This week, the number of confirmed Covid-19 cases crossed one million and markets remained volatile.
    • In the US, the pandemic stopped the 113-week job growth streak and President Trump warned the citizens of harder economic times ahead. The first quarter of 2020 was the worst for the S&P 500 Index since 1938.
    • European markets remained cautious as they experienced the worst quarter in 18 years. Markets were mixed.
    • While the Australian markets offered some reason to cheer, most markets in the Asia-Pacific region remained volatile throughout the week.

    Covid-19 now has 1,082,054 confirmed cases around the globe and the death toll is at 58,142.


    How did the week start?:

      • United States: In the US, this week started on a positive note as investors hoped the efforts of healthcare companies and governments would slow the spread of the virus. On March 29th, President Trump announced an extension of the lockdown that also had a positive impact on the market sentiment.
      • Europe: European markets also started the week in the green with some last-minute gains. Buyers focused on defensive sectors despite the anxiety over the economic impact of the virus.
      • Asia-Pacific: Most Southeast Asian markets closed lower on Monday as new cases of the virus dwarfed the policy easing efforts by most central banks. Australian markets, however, registered their biggest one-day jump in history as they closed 7% higher as the investor confidence received a boost due to the stimulus package announced by the government.

      Market Update

      United States

      The three major stock indices in the United States closed higher on Monday as investors latched on to the hope that the efforts made by healthcare companies and governments across the globe would slow down the spread of the virus. Markets were also boosted by healthcare companies. Tuesday marked the end of the first quarter and the investor sentiment was dampened due to the impact of the pandemic. In fact, the first quarter of 2020 was the worst for the S&P 500 Index since 1938! Also, most economists have reduced the growth expectations for 2020 leading to a fear of a long-lasting recession. On Wednesday, President Trump’s warning to the country about more difficult times ahead caused the market to close lower. According to the latest projections, if the US continued the current social distancing measures, the casualties could be as high as 100,000-240,000. The worst-case scenario was projected at 1.5-2.2 million deaths due to the virus. Thursday was a relatively better day for stocks in the US. On President Trump’s request, Saudi Arabia and Russia are expected to cut output by around 10-15 million barrels per day. This outweighed the shock of over 6 million jobless claims due to the lockdowns. The week ended in the red as the pandemic managed to end the 113-week job growth streak. Investors were also skeptical heading into the weekend as fears of the number of cases rising gripped them.

      Kristal weekly feed
      US Markets – Kristal Weekly Feed 6th April, 2020

      Europe

      While the European investors remained cautious as they watched the virus spread across the continent, most major indices started the week in the green with the pan-European Stoxx 600 gaining over 1%. These gains extended into Tuesday after sporadic moves helped the markets remain in the green. The last quarter was the worst for the European markets in almost 18 years. A drop in the number of new cases in Italy also boosted market sentiment. The two-day rally ended on Wednesday as disappointing economic data from Asia fanned fears of a global economic recession in investors. The market sentiment remained fragile as most indices managed to nudge a little higher on Thursday thanks to a late rally in the energy sector. The sharp rise in the US jobless claims keep investors on the edge. As the economic impact of the Covid-19 pandemic became clearer, European markets ended the week in the red.

      Kristal Weekly Feed
      European Markets – Kristal Weekly Feed 6th April, 2020

      Asia Pacific

      Despite the efforts made by most central banks, most Southeast Asian markets closed in the red as new confirmed cases of the coronavirus dampened the mood. Australian investors were optimistic and helped the markets register their biggest single-day increase of 7% as the government announced an economic stimulus package to help battle the effects of the pandemic. Most Asia-Pacific markets closed higher on Tuesday as reports about China’s factory activity showed growth in March as compared to February. However, the cheer ended on Wednesday as fears of a global recession gripped the investors causing most indices to close in the red. On Thursday, while investors tried ignoring the economic impact of the pandemic, President Trump’s warning to the US citizens about difficult times ahead kept the markets in check. By the end of the week, as the number of confirmed Covid-19 cases crossed the one million mark, most Asia-Pacific markets closed lower.

      Asia Pacific Markets – Kristal Weekly Feed 6th April, 2020
      Asia Pacific Markets – Kristal Weekly Feed 6th April, 2020

      Heading into next week…

      As countries are locking down in an attempt to control the spread of the virus, businesses and economies are facing the brunt. Most countries have announced stimulus packages to people to minimize the impact of the pandemic. However, exponentially increasing numbers are doing little to allow the markets to settle. As each country battles this crisis in its own way, investors are trying to hold on to the tiniest ray of hope. With most markets in the bear phase, we have been recommending all our investors to take a step back and analyze the health of their current portfolios. They need to re-strategize to align their investments with the new markets.

      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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