My POEMS broker contacted me regarding subscription for the new Phillip SGX APAC Dividend Leaders Reit ETF. 0% commission fees for the new launch of the ETF.
No. I will give this ETF a miss. The ETF may be good, but it just does not suit my investing style. I do not like bundle.
I do not have STI ETF. I do not have the full set of 3 Telcos. I do not have the full set of 3 Banks. And I will not have this Reit ETF.
Especially the yield of the bundle is much less than that of the individual constituents. And for diversification purposes, A-Reit, Suntec Reit, Starhill, Cache, CDLHT and the new Saizen Reit all have exposure to Australia already. So, I prefer picking my own cherries.
However, the components of the Reit ETF can …