As a follow-up to my earlier post (click here to view) of the launching of the first ever home-grown REITS ETF - Phillip SGX APAC Dividend Leaders REIT ETF, it is almost a week now.
So how does the ETF perform so far?
From my earlier tracking, the ETFs launched with the following prices @ 20/10/2016:
Phillip SGX APAC Dividend Leaders REIT ETF (SGD) : SGD 1.294
Phillip SGX APAC Dividend Leaders REIT ETF (US$) : US$ 0.931
As at mid-day today (26/10/2016), the ETFs are traded at the following prices:
Phillip SGX APAC Dividend Leaders REIT ETF (SGD) : SGD 1.279 (down 1.16%)
Phillip SGX APAC Dividend Leaders REIT ETF (US$) : US$ 0.920 (down 1.18%)
Of course, this one-week performance doesn't mean anything to the mid-to-long term investors (which I personally think that ETFs is meant to hold for longer term) but just ......
