Based on FSM reply, they've taken out 5 bond fund due to non-compliant with their latest 0% sales charge...
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Thanks for your enquiry.
Bond Funds at 0% sales charge is the latest initiative of Fundsupermart.com. It allows investors to start earning yield on their full investment from the first day of your investment.
Please be informed that HwangIM set its minimum sale charge for bond fund @ 1.5% and HwangIM won’t allow its bond fund to sell lower than the limit. Therefore, under our latest initiative to lower ALL bond funds sale charge to 0%, we have no choice but to remove those bond fund that won’t able to join our initiative. Please find bond fund list below for the funds that will be disable for purchase permanently.
Please take note that these following funds will BE DISABLED for purchases, switch-in, or transfer-in*:
· Areca Enhanced Income Fund
· Areca Income Trust Fund
· Hwang AUD Income Fund (MYR)
· Hwang Select Bond Fund
· Hwang Select Income Fund
However, sell & switch-out to other funds are still permitted.
I hope its clarifies.
Fundsupermart.com v4, Manage your own unit trust portfolio
Sep 27 2013, 10:13 AM
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