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David_Yang
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Jan 21 2021, 10:45 PM
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QUOTE(TOS @ Jan 18 2021, 04:00 PM)  Who pays for the fund managers' salary then? If sales charge 0% the fund company can declare bankruptcy already. The fees are moving to back-end clearly, so it becomes less transparent, no upfront fee means more fees to take back-end as recurrent revenue for fund management companies. There is a reason why iFAST's shares are doing well in the past year. The "no-commission" promotion is nothing more than a marketing gimmick, not unlike the Robinhood model that attracted so many retailers in the States. The fund managers salary is mainly paid by the management fee. The sales charge is going mainly to the seller. But yes, nowadays it is the trend that the sales charge goes down (not the official "up to ..." which only complete beginners with no idea pay) and the management fee is going up. Basically I am quite interested in this product, but only if I can select everything by myself, no "managed portfolio" please.
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David_Yang
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Jan 22 2021, 02:41 PM
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QUOTE(ironman16 @ Jan 22 2021, 07:09 AM) U gonna on hold first seen like many problems haven't settle in this apps. Unless u wanna test like me, until today since first day i register. Wish u luck n don't same with me. No thanks, don“t want to be beta tester. I just follow the development here
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David_Yang
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Feb 4 2021, 07:27 PM
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QUOTE(dawsonyap @ Feb 3 2021, 11:09 PM) Hence, is it correct to assume that the price will rebound soon? And unit trust will only update their price later, hence todays decrease might not be indicative of actual state. No, unit trust always publish the exact value everyday. Usually collect the stock prices at 12 and then later in the afternoon publish the daily price. But you need to see the stocks from this unit trust, not "Asia market". It has 10% fund volume in Alibaba and another 10% in Tencent. Alibaba goes up and down a lot this week. Very boring unit trust by the way
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