When 3 markets plus Russell 2000 down > 3% at the same time overnight but MyETF-US50 has little impact, does that even make sense at all?

Dow Jone Industrial Average - 30 big/mega cap on several sector *can be ignored*
S&P 500 - 500 companies from several sectors *a good indication of broader market*
NASDAQ - tech sector heavy index, no pure financial *could be good selection to form Shariah complaint fund*
Russell 2000 - mid to small cap companies

MyETF-US50 Top 10 Holdings


MyETF-US50 Sectors Allocation


This post has been edited by GrumpyNooby: Mar 6 2020, 03:53 PM

if u looking for any sense in the market...no there is not necessary to have any sense.
What i can tell u is that METFUS50 has its own index methodology to calculate the price, and the problem in malaysia ETF is that the trading volume is too low.
Like today, there is no trading in the market and thus the price didn't move up & down.

however, when the price goes too far from the NAV, the market price will do self-adjustment eventually.

historical price against NAV can be found here:

https://www.myetf.com.my/en/MyETF-Series/My...rical-NAV-Price

This post has been edited by balf: Mar 6 2020, 05:18 PM

If I understand correctly, looking at the 5th March, isn't it scary that the price we pay is much higher than the NAV--in fact it seems to be the widest so far. If so, then price will have to drop right, and then our porfolio value will decline

it will adjust towards NAV eventually as i said, so yes it will drop eventually if NAV keep on moving downward.

Thanks. I don't see this NAV and price graph in Stashaway though.

Finally someone asking the right question. Don't look at price but look at the buy and sells

Yes if there no volume but if there is volume and the transactions are happening way above the NAV then that is a concern

The Wahed ETF (HLAL) listed in US does a way better job at pricing the ETF

The ETF purchased by are traded more and have better pricing.

Date	NAV	Transactions
6-Mar	1.2246	No volume
5-Mar	1.2629	3600 buy @ 1.40
4-Mar	1.211	101,000 buy @ 1.39 & 700 buy @ 1.39
3-Mar	1.2495	900 buy @ 1.35 & 430,000 buy @ 1.37
2-Mar	1.1902	800 sell @ 1.28 & 325,000 buy @ 1.24
28-Feb	1.1911	200 shares @ 1.28 & 300,000 @ 1.33 & 228,000 sell @ 1.33

Even on Friday if I wanted to buy the ETF, the price on offer was 1.39 which is way higher than the NAV

This post has been edited by zacknistelrooy: Mar 7 2020, 09:02 PM

Where do you see the bid, ask and transaction price for the METUS50 and for our local ETF that Wahed manage? If its thinly traded, then its really no good. From what I read previously, the KLSE ETF is thinly traded and that's why we should not play with it due to the wide bid ask spread.

For METFUS50 is through my old brokerage account



For the HLAL ETF you can use the following website when the US market opens:

Thanks.

Since we can now change portfolio (not sure how many times can change), will it be better to change to moderate during this bad period? Then in future change back to aggressive

that one just currency gains...becoz ringgit dropped against USD lah

you can change many time, but you cant change it after you made the change for 2-3 months

if im not mistake, portfolio can be change 'every 3 month after your last deposit'. just g to portfolio change dashboard and you can see when you can change your portfolio.

today is another punch by wahed. another major drop from 8% to 1% today. keep calm..keep calm..

Expected dip. I do small amount topup not hasty with it.

Why dip is expected when overnight in US market surged more than 9%?

There is latency update according to day before. Maybe you will see surged update later today.

How many times it is being updated per day?

Because for the MyETF Dow Jones US50, you can see a big gap between the NAV and the price (1.0410 NAV vs 1.23 Price). Wahed calculate based on the price.

The current drop is because the price drop from 1.37 to 1.23.

Current NAV (1.0410): https://www.myetf.com.my/en/MyETF-Series/My...rical-NAV-Price
Current Price (1.23): https://www.bloomberg.com/quote/METFUS50:MK

This post has been edited by Assassin's: Mar 14 2020, 09:10 AM

thanks for that pointers.
with that, investors can literally "time" the buying in Wahed?
having knowing when the buying price would be lower or higher before buying?