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DBS-Unit Trust + Foreign Currency
Posted: Sun Feb 19, 2012 10:09 am
by kitty2
Anyone has any feedback for the above?It appears in today's paper,wonder is ti worth investing.The Aussie interest rate is attractive.
Thanks
Re: DBS-Unit Trust + Foreign Currency
Posted: Sun Feb 19, 2012 4:39 pm
by verykiasu2010
foreign exchange losses will eat away the extra interest income from higher rates
zero sum game plus exchange risk
Re: DBS-Unit Trust + Foreign Currency
Posted: Mon Feb 20, 2012 10:38 pm
by KPB
I have a small sum of money parked in HSBC multi currency account. Unlike other banks foreign currency deposit, this one requires only a minimum SGD2,000. The catch is interest rate not as high but allows me to have exposure to foreign currencies.
As for unit trust, do consider online platforms such as POEMS, DollarDex or Fundsupermart, etc
Re: DBS-Unit Trust + Foreign Currency
Posted: Fri Jun 08, 2012 4:33 pm
by kooky83
Foreign currency investment like any other investments has a certain degree of risk, hence the higher interest! I have some extra funds put away in DBS
foreign currency account. Given the violatility of the market, I wouldn't choose a long tenor. For starters, I would go with three months, and see how the Aussie dollar performs from there on.