There are 7 ETF listed in SGX that is trading in dual currencies.
Some things to note:
1) Since they are listed in SGX, there are no holding costs, unlike buying foreign shares. Thus this is good
2) They are fungible, meaning one can buy in currency A and sell in currency B, vice versa. Again, this is good as you can choose to transact in the currency that is most beneficial to you.
3) Dividend distributions (if any) will be handed out in the primary currency of the listed security. To note.
The 7 ETFs are:
1) CIMB S&P Ethical Asia Pacific Dividend ETF
- Details: http://www.cimbetf.com/index.php?ch=ch_etf_sg&pg=pg_etf_sg_ethical
- Tracks S&P Ethical Pan Asia Select Dividend Opportunities Index.
- The Index is designed to track the performance of ethically conscious, high dividend yielding stocks from the Pan Asia region. To be included in the Index, stocks must have less than 5% revenue exposure to alcohol, gaming, pork, and tobacco. The top 40 highest yielding stocks in the Pan Asia region that meet these criteria are represented in the Index.
- Manager's fee: 0.65% of NAV pa up to max 1%
- Primary current: US$
- Gives dividend annually or more frequently (if any). Newly listed so no dividend record available
- Personal comment for my own reference: I like.
2) CIMB FTSE Asean 40
- Details: http://www.cimbetf.com/index.php?ch=ch_etf_sg&pg=pg_etf_sg_asean
- Tracks FTSE/ASEAN 40 Index
- The Index is maintained by FTSE and represents the 40 largest companies (ranked by market capitalisation) listed on the stock exchanges of Indonesia, Thailand, Malaysia, Singapore and the Philippines
- Manager's fee: 0.65% of NAV pa up to max 2%
- Primary current: US$
- Gives dividend annually (ranging from us$0.23 - us$0.35 per unit). ~3% yield.
- Personal comment for my own reference: I like. However to note that it is Sinagpore heavy (~36%) and Financials heavy (~43%)
3) iShares Barclays Capital USD Asia High Yield Bond Index
- Details: http://sg.ishares.com/product_info/fund/overview/SGX/O9P.htm#
- Fund Size: us$22.36mil
- Management fee: 0.5%
- Dividends: Appear to give quarterly ~us$0.22. ~8% yield
- Personal comment for my own reference: Might be good to have a little investment here for the high yield. Of course, the risk is much higher too.
4) iShares MSCI India Index
- Details: http://sg.ishares.com/product_info/fund/overview/SGX/I98.htm
- Fund Size: US$630mil
- Management fee: 0.99%
- No history of dividends since 2006.
- Personal comment for my own reference: Good for exposure into India, but prefers to have dividends
5) iShares J.P Morgan USD Asia Credit Bond Index
- Details: http://sg.ishares.com/product_info/fund/overview/SGX/N6M.htm#
- Fund Size: us$43.33mil
- Management fee: 0.3%
- Dividends: Appear to give quarterly of ~us$0.12 each. ~5% yield
6) iShares Barclays Captial Asia Local Currency year Bond Index ETF
- Details: http://sg.ishares.com/product_info/fund/overview/SGX/N6L.htm
- Fund Size: us$36.14mil
- Management fee: 0.35%
- Dividends: Appear to give quarterly of us$0.08 each. ~3% yield
7) iShares Barclays Captial Asia Local Currency 1-3 year Bond Index ETF
- Details: http://sg.ishares.com/product_info/fund/overview/SGX/O9Q.htm#
- Fund Size: us$9.4mil
- Management fee: 0.35%
- Dividends: Appear to give quarterly. us$0.04 in feb-12, us$0.05 in jun-12. ~2% yield
- Personal comment for my own reference: Fund size is puny. Don't like.
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