- Unit Trust
Why trade Unit Trust with POEMS
No Sales Charge
No Switching Fees
No Platform Fee
Lower risks compared to other financial products like stocks and DLCs due to diversification of holdings
More than 2000 funds across various investment objectives, asset classes and geographical regions to diversify your portfolio.
Regular Saving Plan (RSP)
Whether you are planning for retirement, saving for your children, or achieving any financial goals, you need a sound investment plan and the right product to see you through.
Regular Savings Plan is an investment plan that can help you meet your financial goals. It takes advantage of the dollar cost averaging concept that does not require you to worry about market timing and volatility.
Lump-sum investment (EPS)
Other than investing regularly via RSP, you can invest in lump sums starting from S$500 (minimum investment amount varies between the funds). With lump sum investing, you can invest the money all at once into the market as soon as possible.
One of the methods to do lump sum investing in Unit Trust is via Lump Sum Payment – EPS (preferred option).
EPS allows investors to do a fund transfer payment via the ATM or Internet Banking for purchase of their shares or unit trust. To apply for EPS linkage, please mail in a copy of the Application Form for EPS to:
Phillip Securities Pte Ltd
250 North Bridge Road
#06-00 Raffles City Tower
Alternatively, you can make a payment via cheque payment or Bank Internet Banking Service. For more information, please visit FAQ > How do I make payment for my unit trust purchases?
What is Unit Trust
A unit trust is an investment vehicle that comprises a pool of funds from many investors and managed by a fund manager. The fund manager will invest the pooled money into assets such as stocks, bonds, money market instruments, a combination of these investments, or even other funds. By purchasing unit trusts, it will give you exposure to all the investments in that fund. The collective holdings of the assets held in trust will form the total portfolio of a unit trust fund.
The price of a unit trust is the Net Asset Value (NAV) per unit. This is calculated by the fund manager after the end of every business day and will be made known to the public by T+2 i.e. 2 business days after the business day in question.
An investor’s entitled net monetary value of the unit trust fund is the number of fund units owned, multiplied by the NAV per unit.
The number of units of a fund represents an investor’s proportionate holdings of this portfolio of assets and their proportionate entitlement to the income (if any) generated by these assets. Therefore,
(Number of units of a fund owned by an investor) x (NAV per unit*) = Investor’s entitled net monetary value of the unit trust fund
*The NAV (Net Asset Value) per unit prices announced by fund management companies are already net of the fund’s Annual Management Fees and Trustee Fees. We do not charge or collect these fees.
There are some costs involved when you invest in a unit trust. While some fees are applicable to all funds, there are other fees that you can avoid depending on which fund provider you choose to do your investments with.
With POEMS, enjoy:
0% Platform fees; 0% Sales charge; 0% Switching fees
Annual Management Fees and Trustee Fees are the only applicable fees. The management fee helps to cover the costs of operating the fund as well as the fund managers’ expertise in managing the fund. The trustee fee is charged by the trustee for providing custodian services for safekeeping the fund’s assets. The management fee usually ranges from 0.5% to 2% and the trustee fee usually ranges from 0.1% to 0.15%. The NAV per unit announced by the fund management companies are net of management fees and trustee fees.
There are many good reasons why you should transfer in your assets from elsewhere to POEMS. You can consolidate your holdings in a single view and save more on your investments. Transferring in your assets is completely FREE-of-charge1. What’s more, be ready to get rewarded when you invest and accumulate your assets with your POEMS account.
Why wait? Transfer in your Unit Trust holdings and enjoy the following benefits:
– Be rewarded up to S$1,000
– 0% Platform Fees, 0% Sales Charge, 0% Switching Fee when you trade via POEMS
– Widest selection of more than 2,000 funds
– 24/7 access to your investments via POEMS
Need a helping hand to navigate your investment portfolio?
Get professional advice from our friendly experts to help grow your investments through his/her analysis. The Unit Trust Wrap account allows our representatives to wrap suitable Unit Trust funds into one account by performing a financial review coupled with qualified advices and regular portfolio rebalancing to tune up your investments.
1. There is no charge imposed by Phillip Securities Pte Ltd. However, some banks charge a transfer out fee. Please check with your current distributor on their relevant charges.