http://www.sgx.com/wps/wcm/connect/sgx_en/home/higlights/news_releases/SGX-to-introduce-reduced-board-lot-size-from-19-January
Key takeaways from SGX press release yesterday relating to index investing :
SGX.com
- This change in standard board lot size from 1,000 to 100 will take effect from 19th Jan 2015.
- The reduction in board lot size will also specifically apply to two index Exchange Traded Funds – SPDR STI ETF and ABF Singapore Index Bond Fund. All other ETFs will retain their original lot size.
Thus, you can more easily implement a classic 3-fund index portfolio from 2015. In terms of affordability, a local equity component (100 shares) will only cost S$300+ while a local bond (100 shares) component will cost S$100+. A global equity component such as Vanguard Total World Stock Index will cost USD$60+ per share at today’s price...
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