Remember the Zero sales charge for bond fund article that I wrote previously? Apparently, POEMS are running a similar promotion for their bond funds as well where you can buy a selection of bond funds at 0% sales charge.
The POEMS 0% sales charge promotion runs till 31 August 2012 but I am keeping my fingers crossed that they will extend it as both FSM and Dollardex have an indefinite period for their 0% bond fund campaign.
Edited: Heard they have extended it to 30 September 2012.
Their promotion also applies to the funds under the CPF Investment Scheme (CPFIS) where you can buy equity funds at 0% sales charge. In comparison, you can buy CPF funds at 0% sales charge from Dollardex only if you are a Private+ client with them (>$200k assets). The normal sales charge for equity type of funds at POEMS is 0.75%.
POEMS are also currently doing a transfer incentive for cash and SRS holdings which is valid till 31 July 2012 . A transfer campaign is usually used by platforms to gain market share from their competitors. This is done by offering some kind of incentive to entice clients to transfer their existing holdings from other platforms.
For this particular promotion, you will receive $10 NTUC shopping vouchers for every $10,000 worth of cash or SRS unit trust holdings successfully transferred from other distributors/ banks into POEMS. The maximum value of vouchers is $200 per client and the transfer will take 4-6 weeks to complete. Note that when your holdings are in the process of being transferred, you will not be able to sell it. The holdings will then have to be held for a minimum period of two months to be eligible for the vouchers.
And if you are thinking of investing into the Henderson China or Technology fund through POEMS, you can get additional units if you invest from 1 July 2012 to 30 September 2012. This promotion is for both cash, SRS and CPF investments.