Martin Lee @ Sg
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Zero Percent Sales Charge Offer for CPFIS Funds

You know we are slowly heading towards a zero (or close to zero) sales charge environment for unit trusts when fund distributors start selling funds at 0% sales charge.

From 1 February 2011 to 31 March 2011, all funds purchased at dollarDEX under CPFIS will be at 0% sales charge. This promotional price excludes switching and is for new investments only. Their normal sales charge is 2%.

Gone are the days when distribution of funds were monopolised by banks and consumers pay a sales charge of 5%.

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2 comments
Rhin says 13 years ago

That’s nice. However, do u think these unit trust distributors will start charging platform fees to cover the loss of income from the ever-declining sales charge, like what Fundsupermart predicted?

Reply
    lioninvestor says 13 years ago

    Dear Rhin,

    I think it depends on their revenue model and expenses. They do make a bit of money from the trailer fees.

    Reply
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