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Investment used to be this cheem topic where Singaporeans procrastinated and did nothing about.
But the pandemic left us with no excuse — with plenty of time (some of us) from work from home and fear for our job security, it’s no surprise to see an increase in investment activities during the first half of 2020.
Another noticeable trend is that investors are starting at a much younger age. These digitally-savvy investors have also leaned towards the accessibility and flexibility of mobile brokerage accounts.
While most of us were happy to start the foundation of our “crazy rich Asian” dreams in 2020, some are looking to level up in 2021 and unify their investment portfolios.
Here’s where Tiger Brokers’ Fund Mall fits in perfectly.
Before you go “simi is fund mall ah? Let us explain what a Fund Mall is!
What is Tiger Brokers’ Fund Mall?
First you need to understand that every investment brokerage might offer different sets of stock markets and stock exchanges. While it seems great to have more than one brokerage to cover your ground, it’s actually chor (rough) as platform fees alone can eat into your profits.
So what Tiger Brokers did was to select public funds from world-renowned custodians with a wide range of fund categories such as money funds, bond funds and equity funds.
See, Fund Mall is kinda like ION Orchard where you have all the big brands and names under one roof. This giant “mall” allows investors like you and me to gain access to popular public funds and “add to cart” with our mobile phone — from the comfort of our sofa.
By the way, these public funds are not kuching kurak (small fry) names okay? Tiger Brokers did an analysis of the fund’s assets under management (AUM), their track records and investment strategies before including them in the list.
This is to ensure that the public funds are able to stand the test of time. Investors can also trust that Tiger Brokers has done its due diligence of providing the best funds available to its users.
How does Tiger Brokers’ Fund Mall work?
Currently, investors have a selection of 30 renowned funds (and growing), which cover numerous underlying assets.
The funds are classified into 3 categories:
- Money market fund (individual bonds with short-term maturity and high liquidity)
- Examples: US dollar-centric monetary instruments such as fixed deposits, cash equivalents and short-term bonds
- Equity fund (stocks and shares)
- Examples: Small to large-cap stocks, technology stocks, emerging market equity and exchange traded funds (ETFs)
- Bond fund (buying a group of bonds that provides periodic returns)
- Examples: Investment of bonds, investment-grade bonds, emerging market bonds and high-yield bonds
If you’re confused — don’t be overwhelmed by these big terms! All you need to understand is that the type of fund that you choose should be based on your personal requirements — returns, cash liquidity and risk appetite.
What’s also great is that Tiger Brokers’ Fund Mall and the Tiger Trade account are accessible within the same app. This means you can instantly diversify your portfolio, view transaction reports and earnings records in real time.
And since it is that convenient, you might be wondering “Is it safe ah? Is it too good to be true?” It’s always good to scrutinise where your money is going — here’s how secure your investment is going to be:
- Every fund has to set up a corresponding Tiger Brokers prime account. When you buy a fund from Tiger Brokers, the prime account collects the money and links it back to its own fund account.
- This entire process is required to comply with the local regulations (more below).
- All funds and its fund managers have to be licensed and registered with their countries’ financial regulators. Examples of financial regulatory bodies are US Securities and Exchange Commission (SEC) and Monetary Authority of Singapore (MAS).
- These regulators act like guardians and ensure that your money is going to the right piggy bank. So, don’t worry, your money or assets aren’t running anywhere else other than your own pocket.
How to sign up for Tiger Brokers’ Fund Mall?
First you definitely need a Tiger Account. Duh?
If you don’t already have a Tiger account, SingPass users can use MyInfo to open an account with Tiger Brokers for a much quicker onboarding process.
- Open Tiger Trade app
- Click on Discover tab at the bottom
- Select Fund Mall. It should appear on the top of the app
- Click on Fund Screener to see your fund list
- Filter funds by type
- Once you have decided, select the fund and click Buy to enter the fund mall account opening process
- After the account is opened, you may buy a fund with cash.
It’s really that simple.
How much do I need to start?
The currency used to buy funds is USD and the minimum amount to kick start your Tiger Brokers’ Fund Mall investment is USD100.
If you want to use other currencies in your account, you may do so but it takes 2 days for the currency exchange to complete. The only problem is you might rugi a bit on the currency exchange rates if they shift against your favour during this “lag” time. So think twice before taking this step.
Tiger Brokers currently doesn’t charge additional fees if you buy, sell or switch funds in Fund Mall. There is also no platform fee that eats into your profits. Yay!
Grow your wealth with Tiger Brokers’ Fund Mall
Still not convinced yet? Here’s a brief recap on what we like about Fund Mall:
- A wide variety of public funds with transparent bull and bear records
- Flexibility to choose funds based on personal requirements and strategies
- Ease of opening the account with easy access under one single app
- Low entry requirement for purchase amount
- No additional fees charged
- Min. Commission Fee US Stocks
- Min. Commission Fee SG Stocks
- 0.08% of Trade Value
- Min. Funding
Tiger Brokers Singapore treats all of its clients as privilege clients, with no tiers to segregate them. For those looking for convenience and accessibility to the global financial markets, Tiger Brokers might just be the right broker for you.
About Tiger Brokers (Singapore) Pte Ltd.Tiger Brokers Singapore Pte Ltd (Tiger Brokers Singapore) is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. The company launched the mobile version of Tiger Trade in February 2020 — accessible on Google Play Store and the Apple App Store — offering mobile-savvy generation of retail investors similar trading opportunities as their online users, such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, and Callable Bull/Bear Contract (CBBC) on their mobile phones. Both online and mobile app allow users to invest across multiple asset classes traded on Australian, U.S., Hong Kong, Singapore and Australia stock markets such as the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX) and the Singapore Stock Exchange (SGX), Australian Securities Exchange (ASX).
Tiger Brokers Singapore is the Singapore entity of UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in the U.S. equity trading by volume among trading platforms catered to Global Chinese investors in less than two years. Tiger Brokers was awarded “2017 Fintech 250” by CB Insights and shortlisted for “China Leading Fintech 50” for two years in a row by KPMG China. The company was listed on NASDAQ under “TIGR” in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers has over 1 million customers worldwide currently, with a total trading volume of more than US$62.8 billion in Q3 2020. The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers.
For more information, please visit https://www.tigerbrokers.com.sg
This article has not been reviewed by the Monetary Authority of Singapore.
Any views shared with Prospective Clients (“Prospects”) are suggestive in nature and on a sample basis only. The article may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects’ investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers is not in a position to verify.
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