Comments on: DBS STI ETF Started Trading

By: CoG

CoG — Sat, 16 May 2009 15:50:41 +0000

Oh ok. thks.
So in other words the total fees for the DBS ETF can be said to be
0.28% as compared to 0.3% for streetTRACKS right?

I have another qn, would there be a difference in liquidity or would the market maker always ensure liquidity especially in times when there is no willing third party ?

By: lioninvestor

lioninvestor — Fri, 15 May 2009 13:52:00 +0000

Hi CoG,

The trustee holds cash and underlying shares of the ETF for the benefit of the beneficiary.

The fee paid is from the NAV of the ETF, so the higher the fee, the worse off it is for the ETF investors.

By: CoG

CoG — Fri, 15 May 2009 08:28:28 +0000

Hi lioninvestor,

Ok I realized how newb that qn was.. did some googling
and found out the trustee is HSBC. But I still don’t understand
what the trustee is. What role does it play? How does the fees
to the trustee affect us?

By: CoG

CoG — Fri, 15 May 2009 08:15:20 +0000

Hi lioninvestor,

what does the trustee fee refer to? Izit the amt they pay
shareholders like us?

By: lioninvestor

lioninvestor — Fri, 27 Feb 2009 14:02:34 +0000

Saw from the latest notice that they have 25 million units in circulation. So not as bad now.