I'm going to use FSMone to invest in ETFs outside of SGX, however all the etf outside of SGX is classified as SIP. Does that mean that we won't be able to buy them if we do not pass CKR/CAR? - Seedly
 

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Asked by Anonymous

Asked on 30 May 2019

I'm going to use FSMone to invest in ETFs outside of SGX, however all the etf outside of SGX is classified as SIP. Does that mean that we won't be able to buy them if we do not pass CKR/CAR?

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Roger Leng
Roger Leng
Level 3. Wonderkid
Answered on 30 May 2019

Hi there,

I'm Roger from FSMOne.com. Usually, overseas listed ETFs are considered to be listed SIP products. You will need to pass the requirements (either one of investments, educational and working) in order to start investing in listed SIPs without any restriction.

For investors who do not meet the requirements for CAR assessment, you will need to acknowledge the potential implications and consequences and subject to an investment limit of S$50,000 (max) on all accounts on FSMOne.com before you can proceed to place online transaction orders.

You can find out more about CKA/CAR information from our FAQ.

https://secure.fundsupermart.com/fsm/advice-services/faq/121/

Alternatively, you can also contact our friendly client services team (6557 2853) for more information too.

Thank you!

Roger

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