Why did the fees for Nikko STI ETF drop? - Seedly
 

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Asked by Anonymous

Asked on 31 Jul 2019

Why did the fees for Nikko STI ETF drop?

Hi, I realized that the chargeable fees for Nikko AM ETF have decreased from 1% to 0.82% for POSB invest saver. I’m not sure if I’m reading too much but why would they decrease the percentage of the fees?

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To make it cheaper for you to invest?

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Harvey Tan
Harvey Tan
Level 6. Master
Updated on 02 Aug 2019

You are reading too much into it.

It is usually a good sign.

Indirectly, it signal that the issuer (Nikko AM) is able to survive with lower operating revenue (perharps with better operating capabilities) hence they are willing lower the fees.

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The drop in fees is by POSB (by extension of DBS), this makes it cheaper for you to invest, probably due to competition in this space.

Seedly did a comparison in the past: https://blog.seedly.sg/which-regular-savings-plan-is-the-cheapest/

It hasn't been updated yet but you can see that it kinda has quite high fees if you start investing more.

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