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STI ETF IPO
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Alligator
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13-Feb-2009 23:24
Yells: "learning from past " |
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As the existing Shares of streetTRACKS STI were listed and traded on SGX-ST since 17 April 2002, it took a while to gain trading volumn and thus liquidity. This new DBSAM STI ETF can be traded with 100 share per lot, which is about $170 per lot at current index of approx 1700, very affordable for large number of investors and it is easy to do cost averaging, balancing of portfolio. However, the concern is its liquidity, if it is low, the bid/ask spread will be too high. I read from DBS document and found this on page 21 regarding CPF scheme. VII CPF INVESTMENT SCHEME 15. The Fund is currently not included under the CPF Investment Scheme. If this is approved by CPF it would have been much better. |
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rabbitfoot
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13-Feb-2009 22:58
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STI ETF by DBS open for IPO subscription thru ATM rather heavily advertised. Should be good to catch STI REBOUNDing.... |
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