Will NTUC Income close down its small funds?

QUESTION:

Dear Mr Tan,

I have bought 2 different unit trusts where the bank send me statement that the funds, one has been transferred to another management. Another will be closed by certain date where the price is 40% less the initial launch price. So I am forced to acccept a loss.

Will this happen to NTUC units ?

REPLY

NTUC Income acts fairly in the interest of our customers. We do not intend to close any of our small funds. If we do, we will give generous terms to the customers.