Shares & Derivatives
2 Reasons Why I Won’t Be Buying the Straits Times Index ETF Anytime Soon
By The Fifth Person  •  November 16, 2015
The Straits Times Index ETF (SGX: ES3) is listed on the Singapore Exchange and it tracks the Straits Times Index. The index comprises 30 of Singapore’s most notable blue-chip companies and with the purchase of one share of the STI ETF, you can gain exposure to all of them. These are some of the characteristics of the STI ETF: As you can see on the table above, the STI ETF is an established one with $401 million in net assets with a full 5-star rating from Morningstar. The top 10 holdings of the ETF are listed below and they give us a sense of the quality of the fund’s holdings. It should also be noted that the expense ratio is extremely low at 0.3%. In comparison, an SMU survey puts the typical cost of a unit trust at 2-5% for upfront sales charge and 1-2% for annual expense ratio. ......
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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