Phillip SING Income ETF thus far…

compare sti etf

67 trading days since Phillip SING Income ETF debut on the Singapore stock exchange, how has it performed thus far? Especially during the equity rout that lasted into the new year 2019.

Essentially I used excel to measure the daily closing price changes of the new ETF, the Straits Times Index and the STI ETF. Bear in mind the sample period. Ronald Harry Coase, Nobel Prize winner in Economics 1991 once said,”If you torture data long enough, it will confess anything.” Do make a point to understand how the computations are done to adjust for any nuances or biases if any.

Outcomes wise, this new (first of its kind in Singapore) smart beta ETF did not deliver as much returns compared to the index as well as the index ETF, during the measurement period. However, it was able to deliver less price volatility with not too shabby simple Sharpe ratio. Past performance is not indicative of future performance so only time will tell if the stats are stable and continue to hold true.

This new ETF is available for dollar cost averaging approach via Phillip RSP (Regular Savings Plan). If you wish to have a further discussion, please do not hesitate to make an appointment.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.