It is likely that investment in some exchange traded funds, such as the STI ETF that has been recommended by me, will be allowed in a few months time, without the need for the investor to pass a knowledge test. This is classified as "collective investment scheme: mentioned in this report. However, we still have to wait for the details to confirm the actual situation.
http://www.todayonline.com/Business/Businessinbrief/EDC120510-0000077/Singapore-relaxes-rules-on-selling-investment-products
http://www.todayonline.com/Business/Businessinbrief/EDC120510-0000077/Singapore-relaxes-rules-on-selling-investment-products
Great.
ReplyDeleteSomeone manages to knock some common sense into the heads of the Strawberry Gen of MAS officials, who have been following The Book wholescale, without making use of their airy head one bit.
So does it mean we could trade STI ETF very soon?
All that absurdity is really superfluous and a slap in the face for all those supposedly highly educated officials, who can't even differentiate between a synthetic ETF and a plain vanilla one like the STI ETF. Guess what TKL has been harping about in our education system is right, the system destroys one's ability to use common sense, and we need to employ expensive foreign experts to teach us something so ordinary as "Common Sense."