Anonymous
Should I sell my Invest Saver ETF when changing savings accounts?
Im planning to change my savings account from DBS to Maybank. However, I started on the investsaver when with DBS, and am planning to buy Unit Trusts with Maybank to fulfill their criteria for 3% interest. If this is the case should I sell my invest savers or start from scratch h with Maybank? Also they sell the SPDR ETF, how different is it from the STI ETF ?
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Nicholes Wong
02 Oct 2018
Diploma in Business Management at Nanyang Polytechnic
You dun really have to sell your invest saver, you can leave it there without monthly contribution if im not wrong, its up to you. STI ETF got 2 different company. 1 is SPDR, another is Nikko. There are a few different SPDR ETF in SGX. POSB is Nikko STI ETF. Most people think SPDR STI ETF is better than Nikko STI ETF.
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You don't have to sell. You can just stop investing monthly :)
Like what the answer says, there are 2 companies which track the STI. SPDR, as well as Nikko AM. You can google to see how their historical performances compare against each other!