Current choices for investing in STI ETF

[i-am-king]

Hi all, I am trying to look for VOO on the US market but cannot find it on Kay Hian... Can someone teach me how to find it? Thanks!

 

[felixleong]

Hi all, I am trying to look for VOO on the US market but cannot find it on Kay Hian... Can someone teach me how to find it? Thanks!

u have to call your broker to check

unlike sg market which has 800 stocks only, in which they can easily put all code on the platform

US market got thousands of ticket code, so maybe not all will be on your system, but safer you double check with your broker

cheers

 

[i-am-king]

u have to call your broker to check

unlike sg market which has 800 stocks only, in which they can easily put all code on the platform

US market got thousands of ticket code, so maybe not all will be on your system, but safer you double check with your broker

cheers

Thanks! Cheers!

 

[galapogos]

omg wadz tat!

I saw this as well...haha.

Anyway, if I already have G3B shares, when ES3 lot size decreases to 100, should I stop investing in G3B and start investing in ES3?

 

[shanesim]

I saw this as well...haha.

Anyway, if I already have G3B shares, when ES3 lot size decreases to 100, should I stop investing in G3B and start investing in ES3?

i'm thinking of doing likewise too. Really don't see compelling reason investing in G3B anymore since ES3 has lower expense ratio and better liquidity. In fact, I'm thinking of cashing out my G3B holdings and switching over to ES3.

Advisable move?

 

[linxiaobei]

i'm thinking of doing likewise too. Really don't see compelling reason investing in G3B anymore since ES3 has lower expense ratio and better liquidity. In fact, I'm thinking of cashing out my G3B holdings and switching over to ES3.

Advisable move?

Or you can continue leaving G3B there and add on to ES3?

 

[Shiny Things]

Reduced lot size to 100 will be introduced on 19-Jan. With this, there'll be less incentive to invest in Nikko AM STI ETF. Moreover, SPDR STI ETF expense ratio is lower. I'd expect ppl who are interested in investing in STI ETF to go for SPDR rather than Nikko.

Do you guys think this will further affect the liquidity of G3B.SI? Currently heavily vested in G3B.SI

I think people will move to ES3 once the change comes in, but that won't necessarily be bad for G3B (look at America: SPY, IVV and VOO are all S&P 500 index trackers and they're all perfectly good).

Once the change comes in, people should direct their new money to ES3 (because the spreads are slightly tighter), but there's no reason to panic and sell all your G3B. You can keep the G3B, but with new money the best bet is to buy ES3.

 

[shanesim]

I think people will move to ES3 once the change comes in, but that won't necessarily be bad for G3B (look at America: SPY, IVV and VOO are all S&P 500 index trackers and they're all perfectly good).

Once the change comes in, people should direct their new money to ES3 (because the spreads are slightly tighter), but there's no reason to panic and sell all your G3B. You can keep the G3B, but with new money the best bet is to buy ES3.

Thanks bro. I think I'll hold on to my G3B holdings and buy ES3 gg fwd. Will take the opportunity to trim G3B during annual rebalancing.

 

[Bedokian]

I would think G3B may have to reduce their TER to match with ES3's to compete.

 

[tiny]

instituitions and large shareholders already hold millions of shares. they are unlikely to be given alot of excess shares. even if given, the excess represent an insignificant portion of their holdings.

for small time shareholders, excess shares can be significant. ie entitlement is 1 lot and excess shares is 1 lot.

So those who buy etf through posb/ocbc monthly programme could not subscribe to rights or scrip dividends?

 

[blurpandasg2014]

scb cannot buy odd lots. so die die have to fork out $300+ everytime u buy. Posb minimum $100

 

[vEr5eX]

Newbie in stocks. Say I signed up with POSB's Invest Saver plan to invest in Nikko AM's ETF with $100 a month, at what price will I be buying the ETF?

Will I be buying the $100 ETF shares at the price at the time when I sign up? Or will I be buying the $100 ETF shares at the average price the market of the day has closed?

What about the price when I sell? Would it be the same as buying them?

 

[neolaw]

Newbie in stocks. Say I signed up with POSB's Invest Saver plan to invest in Nikko AM's ETF with $100 a month, at what price will I be buying the ETF?

Will I be buying the $100 ETF shares at the price at the time when I sign up? Or will I be buying the $100 ETF shares at the average price the market of the day has closed?

What about the price when I sell? Would it be the same as buying them?

Read their FAQ.

Short answer is every month, your money is taken on 12. Then they buy on 15 (or some specific day). They may but different prices sorting that day until subscribers' combined fund runs out. Then average out the price for all subscribers at the last step.

 

[vEr5eX]

Read their FAQ.

Short answer is every month, your money is taken on 12. Then they buy on 15 (or some specific day). They may but different prices sorting that day until subscribers' combined fund runs out. Then average out the price for all subscribers at the last step.

I have actually read their FAQ, but I still don't understand.

It says "price would be based on the average subscription price on the Business Day following the day your account is debited, or such other day determined by the Bank in good faith and in a commercially reasonable manner."

And it also mentions that "The average subscription price is calculated by dividing the total cost of purchasing the units of the respective ETF by the total quantity of units purchased on that day by the Bank for the respective ETF."

I don't understand what they mean by dividing total cost of purchasing units by total quantity of units purchased by the bank. What is the total cost of purchasing units? If I put in $100 a month, this is the total cost of purchasing units? And what is total quantity units purchased by the bank?

 

[linxiaobei]

I have actually read their FAQ, but I still don't understand.

It says "price would be based on the average subscription price on the Business Day following the day your account is debited, or such other day determined by the Bank in good faith and in a commercially reasonable manner."

And it also mentions that "The average subscription price is calculated by dividing the total cost of purchasing the units of the respective ETF by the total quantity of units purchased on that day by the Bank for the respective ETF."

I don't understand what they mean by dividing total cost of purchasing units by total quantity of units purchased by the bank. What is the total cost of purchasing units? If I put in $100 a month, this is the total cost of purchasing units? And what is total quantity units purchased by the bank?

It is only slightly important on the total cost of purchasing units for investors. The total cost they meant is the total amount of funds collected on that month itself is to be used to buy as much shares as possible and then dividing the cost with the shares bought to find the average cost. Then they will distribute back to the people who contributed to the fund and return the spare change.

Put it simply, they collect all the funds and buy for everyone. This means that you will be getting odd lots usually.

 

[vEr5eX]

It is only slightly important on the total cost of purchasing units for investors. The total cost they meant is the total amount of funds collected on that month itself is to be used to buy as much shares as possible and then dividing the cost with the shares bought to find the average cost. Then they will distribute back to the people who contributed to the fund and return the spare change.

Put it simply, they collect all the funds and buy for everyone. This means that you will be getting odd lots usually.

Do they buy all the lots on the same day for everyone? If they do, the price of 1 share would still be the price of the ETF on that day right? Averaging wouldn't change the price of each share, would it?

Since buying in bulk on the same day wouldn't have any difference in the price of each share, I think I'm missing something out that I don't understand.

 

[linxiaobei]

Do they buy all the lots on the same day for everyone? If they do, the price of 1 share would still be the price of the ETF on that day right? Averaging wouldn't change the price of each share, would it?

Since buying in bulk on the same day wouldn't have any difference in the price of each share, I think I'm missing something out that I don't understand.

If I'm not wrong, they should be following what OCBC is doing. And that is to buy in both full lot and odd lot to fulfill the demand of the shares required. If the orders cannot be completed on that day itself, it will continue buying until the required shares are achieved. That's why they would have to find the average price for the shares bought.

Might need to clear up with someone more knowledgeable about their products.

 

[vEr5eX]

If I'm not wrong, they should be following what OCBC is doing. And that is to buy in both full lot and odd lot to fulfill the demand of the shares required. If the orders cannot be completed on that day itself, it will continue buying until the required shares are achieved. That's why they would have to find the average price for the shares bought.

Might need to clear up with someone more knowledgeable about their products.

Just to clarify, POSB's lot size is 100 shares per lot right? By full lot, we mean 100 shares and odd lot we mean from 1 to 99 shares, right?

On the day when POSB purchases the lots, the price is based on the index of it, isn't it? So if G3B.SI was 3.30 on that day, the price of each share is $3.30 and hence 1 lot = 100 shares = $3.30 * 100 = $330. If this is the case, the price of each share is still the same, be it full or odd lot, isn't it?

 

[lcornwisky]

anyone can explain what happen to nikko etf on 12 dec?

Woah see profit here

Sent from my Xiaomi HM NOTE 1W using GAGT

 

[vEr5eX]

Just to clarify, POSB's lot size is 100 shares per lot right? By full lot, we mean 100 shares and odd lot we mean from 1 to 99 shares, right?

On the day when POSB purchases the lots, the price is based on the index of it, isn't it? So if G3B.SI was 3.30 on that day, the price of each share is $3.30 and hence 1 lot = 100 shares = $3.30 * 100 = $330. If this is the case, the price of each share is still the same, be it full or odd lot, isn't it?

anyone able to help me to understand this? i'm still very confused.