Martin Lee @ Sg
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UOB Kay Hian to Offer Online Unit Trusts Transactions

UOB Kay Hian has become the latest online platform provider of unit trusts.

As a promotional offer, UOB Kay Hian are charging 0.75% upfront sales charge for any purchase.

For now, their fund range is pretty limited as they only have CPFIS List A approved funds on their platform.

With more and more platforms coming on board and all of them offering promotional prices for the sales charge, will we see a day where the sales charge go down to as low as 0.25%? Definitely gone are the days where the sales charge is 5%.

Just a while back, DBS fired the first salvo by offering sales charge at 1%.

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