Anonymous
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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Alvin Teo
03 Aug 2019
Aviva Relationship Consultant at Aviva Affinity Channel
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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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Hariz Arthur Maloy
01 Aug 2019
Independent Financial Advisor at Promiseland Independent
To make it cheaper for you to invest?...
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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-pl...
It hasn't been updated yet but you can see that it kinda has quite high fees if you start investing more.