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Gold ETF
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YongJiu
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10-Oct-2006 00:56
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Another interesting analysis I found at fundsupermart forum. pika wrote : Gold ETF: Total Expense Ratio (Total Annual Costs) 0.40% p.a. Transaction Costs Prevailing brokerage commissions Clearing fees of 0.05% of the contract value; and Goods and services tax of 5% on brokerage commissions and clearing fees. Gold Savings Account: Fees: 0.25% p.a. UOB Gold & General Fund: (Does not invest in gold only, actively managed) Expense ratios: 1.91% (6/05), 1.85% (12/04), 1.88% (6/04), 2.02% (12/03) I think Gold Savings Account still better choice in view of the expense ratio of Gold ETF at 0.40% p.a. UOB GGF is entirely quite a different instrument altogether so can't really compare. |
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YongJiu
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10-Oct-2006 00:53
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Hi Nos, I saw this same reply from http://www.fundsupermart.com/main/community/forumPosts.svdo?id=000661&page=1 by zhuge_liang. Is Nostradamus = zhuge_liang? =) cheers |
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chipchip66
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09-Oct-2006 13:48
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Can we really use CPF money to buy this ETF? I always thot we can use it for local STI only. Anybody care to help? |
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YongJiu
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09-Oct-2006 08:56
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Hi Nos, thx for the pointer, yeah I think gold saving acct is very troublesome so I'm looking into Gold (Unit Trust) or Gold ETF. but all my CPF stock & prof manage fund limit is used up already... so looking someway to utilise my CPF gold limit =) |
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Nostradamus
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09-Oct-2006 00:09
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Hi YongJiu, Did you know that you can use your CPF gold limit to open a gold savings account? But every time you want to sell or buy, you must go down to the branch. For gold ETF, since it trades like shares, I think you can only use CPF stock limit. More info here. |
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YongJiu
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08-Oct-2006 22:27
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It will be great if we can use CPF OA-Gold account to buy =) Another question is will it be a better alternative to saving account and unit trust? |
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YongJiu
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08-Oct-2006 22:25
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GOLD SHARES TO LIST ON SGX - Listing 11 Oct 2006, Wednesday STREETTRACKS(r) GOLD SHARES TO LIST ON SINGAPORE EXCHANGE Company Reg No.199904940D Singapore, October 5, 2006 ? Singapore Exchange (SGX), State Street Global Advisors (SSgA) and the World Gold Trust Services LLC, a wholly-owned subsidiary of the World Gold Council (WGC), today announced that the streetTRACKS(r) Gold Shares Exchange Traded Fund (ETF) will be listed on Wednesday, 11 October 2006. streetTRACKS(r) Gold Shares is the first gold-backed exchange-traded fund to be listed in Asia. Sponsored by the World Gold Trust Services LLC, the streetTRACKS(r) Gold Shares are designed to track the price of gold and trade like any stock on the exchange. The Gold Shares are backed by physical allocated gold bullion and will be denominated in U.S. dollars. Investors can buy as little as one board lot of ten shares, with each share priced at approximately one-tenth the spot price for an ounce of gold. Based on the prevailing spot price of gold as of 3 October 2006 at US$57.11, the minimum investment amount is about US$571. First launched in New York in November 2004 (NYSE: GLD), streetTRACKS(r) Gold Shares was the first-ever U.S. commodity-based ETF, and is today the largest and most liquid gold-backed equity in the world, providing investors with easy, secure and cost-effective access to the gold bullion market. Well-received by U.S. investors, it has more than US$7.3 billion dollars in assets under management and an average daily trading volume of about US$400 million to date. streetTRACKS(r) Gold Shares are designed to offer investors an opportunity to participate in the gold market through an investment in shares. Historically, the logistics and transaction costs of buying, storing and insuring gold have constituted a barrier to entry for some institutional and retail investors. The ownership of Gold Shares is intended to overcome these barriers to entry in gold investment. Mr Hsieh Fu Hua, Chief Executive Officer of SGX said, "The listing of the streetTRACKS(r) Gold Shares is significant as it represents the first commodity-based securities product listed on SGX. We are pleased that SSgA, together with the World Gold Council, has chosen SGX as the first Asian exchange for this ETF." Mr James Ross, Senior Managing Director of State Street Global Advisors said, "SSgA and the World Gold Council entered into a partnership two years ago to bring this new asset class for investors. Singapore is a natural choice for us to list the Gold ETF as SGX is developing Singapore as a hub for trading ETFs. We're confident that the Gold ETF will be a very successful option for investors in this region." Mr James Burton, Chief Executive Officer of World Gold Council said, "streetTRACKS(r) Gold Shares have been a very successful product since its launch in the U.S. It is important that we list the streetTRACKS(r) Gold Shares on the SGX and bring the Gold ETF to Asia for the convenience of investors in the region." - End - |
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