eUnitTrust — Cost-efficient and convenient way to online unit trust / PRS investing
I have been investing in unit trust (as well as shares) for more than 15 years. In those days, we have to look for an agent to open an account. And every subsequent transactions (redemption, switching etc), we have to meet the agent or go to branch to do it. This means we have to sacrifice our annual leave or weekends to meet the agent to request the transactions.
As time goes by, online investing comes into picture. Unit trust companies is a bit slow to go online. Investment banks (i.e. shares transactions) is quite fast to implement online transactions. That said, I remember the brokerage fee was still quite high (0.47% if not wrong) in the beginning. Then it continue to fall to quite low level today (as low as 0.10% or RM8 per transaction). I used to call my remisier when I want to buy/sell shares, then I try online platform, now I don't use a remisier at all. I still remember my remisier advised me not to use online trading to avoid any wrong transactions.
I kept on wondering when will unit trust investing go online, hoping the service charge will become lower. The norm then (even now) was 5%-6%. At 5%-6% service charge, it means our investment will start make money after the unit trust fund price has appreciate by 5%-6%.
When I knew of Phillip Mutual's eUnitTrust platform, it immediately changed how I invest. Even now in MCO (Movement Conrol Order) period, I have no problem monitoring or perform necessary transactions.
What is eUnittrust?
eUnittrust.com.my (eUT) is the online unit trust distribution platform of Phillip Mutual Berhad (PMB). eUnitTrust is very suitable to investors who are (1) very open to online transaction, (2) do not need agent's service / advice. Besides that, I enjoy some more other benefits.
