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Cash Subscription of New Units for ETF?

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Old 07-12-2018, 02:15 PM   #1
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Cash Subscription of New Units for ETF?

Does cash subscription of new units only apply to initial cash offering? I tried asking DBS Vickers, and they told me initial cash offering is over. So no new units will be created from then on?

According to NikkoAM-StraitsTrading Asia ex Japan REIT ETF website:
Cash Subscription of New Units*

For subscription of new units in the Fund, investors need to go through the authorized participating dealers and a minimum of 50,000 units is required.
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Old 07-12-2018, 06:12 PM   #2
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Does cash subscription of new units only apply to initial cash offering? I tried asking DBS Vickers, and they told me initial cash offering is over. So no new units will be created from then on?

According to NikkoAM-StraitsTrading Asia ex Japan REIT ETF website:
It just means that if you aren't buying so many at one shot, you just trade normally on the exchange. The market maker will create units for the market when needed.
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Old 07-12-2018, 10:36 PM   #3
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It just means that if you aren't buying so many at one shot, you just trade normally on the exchange. The market maker will create units for the market when needed.
I actually told them I want to buy 50k to 100k so I should hit the minimum as stated on the website. I was hoping by doing this, if it's possible, I won't be subjected to the premium or bid/ask spread set by the market maker.
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