Lion-OCBC Securities Hang Seng TECH ETF

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#1
64mil AUM looks pretty decent for a start?

SGX welcomes the listing of Lion-OCBC Securities Hang Seng TECH ETF

Singapore Exchange (SGX) today welcomed the listing of Lion-OCBC Securities Hang Seng TECH ETF with assets under management of S$64 million, providing efficient access to the fastest-growing Chinese technology companies as retail demand for exchange-traded funds (ETFs) reaches a new high.

The ETF covers leading technology-themed companies across the information technology, industrials, healthcare, consumer and financials sectors, including Alibaba Group, JD.com, Meituan Dianping, Tencent and Xiaomi.

https://links.sgx.com/FileOpen/20201210_...eID=641951
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#2
    In case anybody missed the initial launch and and would like to buy into it now, the price is roughly the same as the initial launch price.

The trading volumes are decent, the spread is quite tight.

There is high volatility which is to be expected, I guess.
Disclaimer :-

I am not an investment professional.

I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.

Nothing written here is an invitation to buy or sell any particular stock.

At most, I am handing out an educated guess as to what the markets may do.

The market will always find a new way to make a fool out of me (and maybe, even you!).

Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.

I am not immune to that, so please understand that any past success of mine will probably be followed by failures
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#3
(11-12-2020, 07:20 PM)weijian Wrote: 64mil AUM looks pretty decent for a start?

SGX welcomes the listing of Lion-OCBC Securities Hang Seng TECH ETF

Singapore Exchange (SGX) today welcomed the listing of Lion-OCBC Securities Hang Seng TECH ETF with assets under management of S$64 million, providing efficient access to the fastest-growing Chinese technology companies as retail demand for exchange-traded funds (ETFs) reaches a new high.

The ETF covers leading technology-themed companies across the information technology, industrials, healthcare, consumer and financials sectors, including Alibaba Group, JD.com, Meituan Dianping, Tencent and Xiaomi.

https://links.sgx.com/FileOpen/20201210_...eID=641951

In just 6 months, the ETF went to the moon and back.

Based on last NAV and issued units, it is currently 228mil and AUM has increased 3x in just 6 months. This is a winning product!

https://links.sgx.com/1.0.0/corporate-an...df3c300a10
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#4
(05-06-2021, 02:19 PM)weijian Wrote:
(11-12-2020, 07:20 PM)weijian Wrote: 64mil AUM looks pretty decent for a start?

SGX welcomes the listing of Lion-OCBC Securities Hang Seng TECH ETF

Singapore Exchange (SGX) today welcomed the listing of Lion-OCBC Securities Hang Seng TECH ETF with assets under management of S$64 million, providing efficient access to the fastest-growing Chinese technology companies as retail demand for exchange-traded funds (ETFs) reaches a new high.

The ETF covers leading technology-themed companies across the information technology, industrials, healthcare, consumer and financials sectors, including Alibaba Group, JD.com, Meituan Dianping, Tencent and Xiaomi.

https://links.sgx.com/FileOpen/20201210_...eID=641951

In just 6 months, the ETF went to the moon and back.

Based on last NAV and issued units, it is currently 228mil and AUM has increased 3x in just 6 months. This is a winning product!

https://links.sgx.com/1.0.0/corporate-an...df3c300a10

Any reasons on the sell down happened in last week of May?
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#5
(07-06-2021, 01:12 AM)bpequity Wrote: Any reasons on the sell down happened in last week of May?

I have a small stake on this in my portfolio (~<5%).

Small changes in stock prices (ie. single digit %) are really not worth the time spent to explain them.

Over the years, I have realized that besides wasting time, I am also cognitively disadvantaged if I try to do so - it gives an illusion of hindsight bias, confidence (thinking that we are in control) and also messing up the signals and the noise.
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#6
(07-06-2021, 01:12 AM)bpequity Wrote: Any reasons on the sell down happened in last week of May?

Short answer, anti-trust probe: https://www.wsj.com/articles/chinas-tech...1622971802
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
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