facebookIs there any difference investing in Invesco QQQ through Syfe and Kristal.AI? - Seedly

Anonymous

07 Jul 2020

Robo-Advisors

Is there any difference investing in Invesco QQQ through Syfe and Kristal.AI?

Wonder if there’s any diff since it’s the same ETF. I am only aware the diff in commission - Kristal first $50k free ba Syfe 0.4% fee

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Lin Yun Heng

07 Jul 2020

Senior Analyst at Delphi

In essence it is the exact same ETF. Just that the QQQ under Syfe's Equity100 portfolio is a component of their allocation and offered as a fractional share of the whole portfolio (aka more diversification).

QQQ is a tech heavy fund of the top 100 market weighted stocks in the NASDAQ-100 Index. And majority of it is Tech stocks like FAANG and some consumer staples and other small components.

It depends on how much capital you have actually. If you only have a small sum like $500 or $2000 you can only buy maximum of 1 unit or 7 units of QQQ respectively if you buy them on Kristal or any other brokerage firm.

If you only have $500 or $2000 and put it into Syfe Equity100 instead, they will split up the capital into the different components in their portfolio and of course the highest weightage will be allocated to QQQ which will be the Core for their smart beta strategy.

At the end of the day it depends on how much capital you have. Large capital: 100k go for QQQ straight. Small capital <10k go for Syfe's fractional shares.

Hi, does syfe offer QQQ? I remember they don’t offer that. Is it possible if you share syfe QQQ link?

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Syfe allows fractional units whereas for Kristal, you need to hit their min investment unit....

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