Hosting for just $3.88/month! Find out MORE!

Monthly Archive for October, 2006

Singapore Market Oct 30

A convincing breakout from the all time high! This means the the bull will be charging further. But for how far?

Keep a close watch. Buying more units.

Straits Times Index

Continue reading ‘Singapore Market Oct 30′

India Market Oct 30

The bull continues. Still look for the convincing break upwards from the previous high. Otherwise a double-top looks likely from the weekly and long term charts.

Hold out and see.

BSE Sensex

Continue reading ‘India Market Oct 30′

Korea Market Oct 30

Still going higher. Some way to go before hitting the resistance at the previous high.

Looking to buy more Korea units to accumulate.

KOSPI Composite Index

Continue reading ‘Korea Market Oct 30′

Japan Market Oct 30

Japan is taking a pause. As I had mentioned, I’m still positive for Japan in the mid to longer term.

Not a time to buy more though, my existing holdings are in profit and I’m holding.

Nikkei 225

Continue reading ‘Japan Market Oct 30′

US Market Oct 30

NASDAQ Composite

Continue reading ‘US Market Oct 30′

Taiwan Market Oct 30

TSEC weighted index

Continue reading ‘Taiwan Market Oct 30′

Hong Kong Market Oct 30

Hang Seng Index

Continue reading ‘Hong Kong Market Oct 30′

Buying Unit Trust Online with MayBank

Maybank2U

Having just activated my Maybank online banking (Singapore), I found that Unit Trusts are offered within the portal.

This was not really surprising since banks had been offering investment and bancassurance products for many years. What was surprising was that the unit trusts could be purchased online.

Last I checked, Citibank, one of the more advanced online banking portal, does not offer that. A quick scan at the other banks’ portal reveals the following:

  • DBS has a similar option. Selection is limited to with DBS Asset Management and a few other managers. Subscription can be completed with just a few clicks away and no registration required. A big surprise.
  • UOB’s option is only available to registered user under UOB Asset Management so I wasn’t able to look further.
  • OCBC only has a few funds information available without any online purchase option.
  • Citibank (Singapore), as before, still does not offer Direct online transactions for Unit Trusts.

Back to Maybank.

You will need a Unit Trust Account to subscribe funds online on Maybank2U (Maybank’s internet banking portal). Fortunately signing up is simple. Just fill up an online form, answer a risk profile questionaire and submit online.

It is interesting to see how banks are slowly going online with unit trusts. How would the competition be rewritten? Banks vs specialised portals like Fundsupermart, Finatiq and Dollardex.