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New STI ETF by DBSAM
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cheongwee
Elite |
14-Feb-2009 18:03
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Why not hold, and buy from the market later cheaper...because i think market heading lower..DYODD. | ||
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jasonongsc
Senior |
14-Feb-2009 17:24
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anybody buying this etf ? not sure what is the price, so funny, would it be more expensive than streetracks etf ? | ||
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Alligator
Veteran |
05-Feb-2009 22:56
Yells: "learning from past " |
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for those who wish to read more , link is http://www.dbs.com/newsroom/2009/Pages/press090204.aspx Important Notice The prospectus dated on 2 February 2009 (the "Prospectus") in respect of the offer of the units (the "Units") in the DBS Singapore STI ETF (the "Fund") will be available and may be obtained at DBS and POSB branches or downloaded from DBS Asset Management Ltd's (“DBSAM” or “the Manager”) website (http://www.dbsam.com) on 12 February 2009. |
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Alligator
Veteran |
05-Feb-2009 22:43
Yells: "learning from past " |
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Feb 5, 2009
New ETF to be launched
It will be the second such fund to solely track the STI after the streetTracks Straits Times Index Fund. The DBS Singapore STI ETF, developed by DBS Asset Management (DBSAM), will be listed on Feb 25. It will be the first in a series of new ETFs planned by DBS. This ETF trades in a smaller lot size of 100 units compared with streetTrack's 1,000 units, making it more affordable for the retail investor. The ETF invests in the STI component stocks in proportion to their respective index weights. Investors will get exposure to all the 30 component stocks that make up the main benchmark, generally making it a good diversification tool in a portfolio. 'It is in challenging times like these that investors should focus their attention on the true nature of long-term wealth management,' said Ms Deborah Ho, chief executive of DBSAM, on Thursday. Ms Ho added that ETFs provide 'low-cost, effective and liquid access to opportunities for compounding growth in investments'. This ETF will appeal to investors with a medium to long term investment horizon, she said. These instruments have no sales fee and generally charge management fees of less than one per cent, making it a relatively low-cost investment. Investors can apply for the shares through any DBS and POSB ATMs from Feb 12 to 18. There will be a $2 subscription fee. Investors can obtain more information on this new ETF at www.dbsam.com or by calling its hotline on 1800-535-8025. |
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