Phillip SING Income ETF = Smart Beta ETF - Isaac Fang CFA, ChFC, CFP Phillip SING Income ETF = Smart Beta ETF - Isaac Fang CFA, ChFC, CFP
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Phillip SING Income ETF

Phillip SING Inc ETF vs STI

Phillip SING Income ETF compare with 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.

Phillip SING Income 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.

1 Comment

  1. […] will a particular method fail. There is a lot of innovation out there ranging from robo-advisors to smart beta just to name a […]


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