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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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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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(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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(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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(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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(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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If / When China relaxes the policy it outlined on
a) stopping for profit education and
b) not allowing foreign listing, this ETF will be the easy pick to ride on the recovery.
Hong Kong listing is not foreign, so likely to be a way out to allow listing on Hong Kong to be exempt from foreign listing rules.
It is part a) which is likely an if rather than a when
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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I have heard about some investors buying a broad-based Tech ETF into this "dip".
Personally feel that recovery, when it happens, will be K-Shaped. I would personally avoid a broad-based ETF at this juncture, as some industries will be permanently decimated (e.g. EduTech).
2c, not financial advice.
“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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Interestingly some EdTech companies listed in the States rebounded this morning. I'm guessing some of them have fallen so hard, they are currently trading at negative Enterprise values (net cash more than market cap); and show signs of pivoting to other adjacent businesses (coding classes, calligraphy classes etc):
https://fortune.com/2021/07/27/new-orien...ing-pivot/
“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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07-01-2022, 01:51 PM
(This post was last modified: 07-01-2022, 01:51 PM by weijian.)
As the saying goes, if even the locals are not interested, then foreigners have to be really careful!
Even mainland traders are dumping China mega caps
The Hang Seng Tech Index has tumbled more than 50 per cent from its February peak last year, though gained as much as 1.7 per cent on Friday (Jan 7). Meanwhile, the tech-heavy Nasdaq 100 Index has dropped only about 5 per cent from its November record, even after Wednesday's 3.1 per cent decline.
A silver lining is the potential for more listings from US-traded technology stocks in Hong Kong. Revised rules in the city this year may enable more firms to join the trading links eventually, helping to lure more Chinese buyers back. But the outlook remains challenging.
https://www.businesstimes.com.sg/stocks/...-mega-caps
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