PHILLIP SING INCOME ETF: WHAT INVESTORS SHOULD KNOW?
Dear readers, yesterday, the Singapore’s Straits Times Index STI made some gains, climbing 1.39% to close the trading day at 3,060.85. The STI ETF which tracks the STI moves up 1.47%. A recent debutant on the SGX, Phillip Sing Income ETF closed 0.6% up comparatively.
Why am I saying the above? Well, I got the impression that many retail investors have the impression that Phillip Sing Income ETF would track the STI very closely so as to replicate the movements of the STI. But the fact is that Phillip Sing Income ETF is not. Phillip Sing Income ETF has different constituents in different allocations which together makes up the ETF. Readers could refer to this link for more information.
I would personally think that investing in an equity which tracks the markets and market indicators like the STI would be not much different now since if the markets are down then its hard to expect any investment to beat the markets currently. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.