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DBS launching DBS STI ETF 100
I would like to thank the anonymous person who pointed out to me that DBS will be issuing an ETF that will be tracking the Straits Times Index. The IPO of this ETF, which will be trading on SGX under the quote 'DBS STI ETF 100',will from the 12th of February to the noon of the 15th of February and subsequently, it will be available for trading on the SGX on the 25th of February. I took a quick glance at the brochure and the prospectus and I thought it will be useful to point out some of the differences between this ETF that DBS will be issuing and the STI ETF which is currently managed by StreetTracks.1) DBS STI ETF 100 is different from the STI ETF. Although both are ETFs that will track the Straits Times Index, their managers and trustees are different. In short, there will be two ETFs that will track the Straits Times Index on SGX.2) The board lot size of the DBS STI ETF 100 is 100 shares per lot and one share will be roughly 1/1000 of the level of the Straits Times Index. This means that one lot, which i
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