STI ETF Passive??? Really??? No Free Lunch and Not Risk Free!!!
See an example from one of those FAQ on ETF found in Singapore broker's website
What's the difference between the market price and NAV of an ETF?
Net Asset Value (NAV)
refers to a ETF's total assets minus its liabilities. It is calculated
at the end of each trading day based on the last done price of each
constituent stock of the benchmark index. An Indicative NAV (iNAV) is calculated periodically throughout the day.
How are management fees calculated in ETF?
An ETF charges a management fee which is calculated and accrued daily
in the Net Asset Value (“NAV”) calculations. This fee will be directly
deducted from the assets of the ETF regularly. Most ETF charged their
management fees as a Total Expense Ratio (“TER”) which represents the
all-in fee that the ETF will pay to the Manager. From the TER, the
Manager will pay for all other fees and expenses, such as custodian fee,
index-licensing fee and legal expenses, etc. Investors are advised to
refer to the prospectuses of individual ETF for information on fees and
Last updated : 14 Sep 2020
I am 64 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 21 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
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