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CFA SINGAPORE INSIGHTS

Ethics in focus: Trading in unit trusts

The practice of buying and selling such investment products at the expense of the investor merely to generate commissions for financial advisers does little to meet the client's investment objectives

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FROM Oct 1 this year, CPF members who make new purchases of products such as investment-linked insurance policies (ILPs) and unit trusts under the CPF Investment Scheme (CPFIS) will pay a lower sales charge of 1.5 per cent. This is halved from the 3 per cent they had to pay previously. By Oct 1

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