Quick Facts
- Minimum investment amount from S$50
- Commission per RSP purchase is S$1, HK$5 or US$1
- Up to 1 share of SGX-listed ETFs and fractional shares for HK and US-listed ETFs
FSM One launched their Regular Savings Plan (RSP) for select ETFs in November – up to 40 of them from their focus list across SGX, HKEX and US stock exchanges.
In the past, they only used to offer RSP for Unit Trusts (UT) – which are actively managed funds by asset management companies. UTs tend to have front-end sales charges, high annual expense ratios and various other fees (e.g. switching fees, platform fees, exit fees etc).
This means that investors can now gain passive exposure to low-cost and diversified securities of their choice through a regular savings plan!
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