Martin Lee @ Sg
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Dollardex Sales Charge Promotion for CPFIS

Dollardex has announced that all funds purchased under CPFIS from 8 June 2010 to 31 July 2010 on their platform will be at 0% sales charge.

This comes a few days after they conducted a poll to ask whether the current 3% cap on sales charge of CPFIS is reasonable.

dollardex-saleCompetition is getting intense with front end load on unit trusts having come down much over the years. Both Dollardex and Fundsupermart (FMS) are now locked in a fierce battle to grow and maintain their market share while trying to maintain a lid on their costs.

Consumers are smart and will vote with their feet to wherever they can find the best price and value.

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2 comments
Michelle Ang says 9 years ago

Hi Lion,

Philip Securities is also in the fray for the same unit trusts.

Reply
    lioninvestor says 9 years ago

    Hi Michelle,

    Thanks for pointing that out. Yes, I’m aware that Phillip also sells unit trusts.

    Reply
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