Change #1: Minimum Board Lot Size of All SGX-Listed ETFs Will be Reduced to 1 Unit
Before today, investing in SGX-listed ETFs could be prohibitive due to the minimum lot size requirement ranging anywhere from 5 units to 100 units.
But from, today (17 January 2022), the minimum board lot size for ALL SGX-listed ETFs will be lowered to 1 unit.
This will make investing in SGX-listed ETFs more accessible for investors and grant them more leeway for investment portfolio management.
Here’s an illustration of how this works.
As of 17 January 2021, 2.22pm, the Lion-Phillip S-REIT ETF (SGX: CLR) is trading at S$1.04 per unit.
To invest in this Singapore Real Estate Investment Trust (REIT), you would have to buy at least 100 units which will cost you S$104 (I’m not including brokerage fees and etc. for the sake of simplicity here).
But as of today, the minimum trade size for Lion-Phillip S-REIT ETF will be traded in multiples of $1.04 based on the NEW board lot size of 1 unit....