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FSM Global | A low cost, convenient, informative and interactive unit trust platform that allows you to invest globally and profitably

Switch between funds of different/same fund manager here, valid for all payment methods.

FSM Global | A low cost, convenient, informative and interactive unit trust platform that allows you to invest globally and profitably

Cross currency switch is available with the condition that one of the funds involved must be SGD denominated fund
(e.g. SGD fund to non-SGD fund and vice versa).

FSM Global | A low cost, convenient, informative and interactive unit trust platform that allows you to invest globally and profitably

Multiple switching transactions are allowed.

FSM Global | A low cost, convenient, informative and interactive unit trust platform that allows you to invest globally and profitably

The minimum initial investment amount will apply if you are switching into a fund which you do not currently own. Otherwise the minimum subsequent investment will apply.

Switch Orders

Switching will be in the form of a switch-sell order and a switch-buy order. The former will be transacted on the same business day if the order is received before 3:00pm. Otherwise it will be transacted on the next business day.
For CPFIS OA/CPFIS SA (those that are already under IA status), SRS and Cash transactions, the switch-buy order will be transacted based on the lag time as described in the Fund Switch Lag Time.
For CPFIS OA/CPFIS SA and SRS transactions where the sold fund is under non-IA status, the switch-buy order will be transacted 5 business days after the switch-sell order is transacted. This is to ensure that the proceeds from the switch-sell are available for re-investment.
Switch (Inter) Lag Time Switch Intra Eligibility

Investment Amount

As the switch-buy order will be transacted after the switch-sell order, you need to ensure that the redemption amount from the switch-sell, based on the latest indicative bid/NAV price, is at least 105% of the minimum initial or subsequent investment amount of the fund you are switching into. Our system will prompt you if the amount is insufficient.

For example, if you want to switch out of Fund A and into Fund B, and Fund B has an initial investment amount of $1,000, you need to ensure that the switch-sell of Fund A, based on its latest indicative bid/NAV price, will generate at least $1,050 worth of proceeds. This is so that if the actual transacted switch-sell price of Fund A is lower than the latest indicative bid/NAV price, there is a buffer to ensure that the minimum initial or subsequent investment amount of Fund B can be met.

Payment and Sales Charge

1.
Additional payment is not required as the proceeds from the switch-sell order will be used to pay for the switch-buy order.
2.
Switching between funds of the same sales charges is free. Cross tier switching (lower to higher) is also free.
3.
If you switch-sell all the units of a fund, you cannot have a normal buy order for the same fund still being unprocessed in the system. This buy order will be automatically voided. Also, any existing RSP arrangement that you may have for the fund you are switching out from will be terminated immediately.

All switch orders received are irrevocable.

If you have further enquiries or wish to receive investment advice,
please contact our investment advisory team.

Get Investment Advice or email to advisory@fundsupermart.com

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