More critical is market maker quality..

So even if no volume can buy n exit.

This has been mentioned above.

Each ETF has a market maker appointed by the ETF fund manager. This market maker is an IB or a stockbroker. Their job is to provide liquidity by maintaining a buy and sell price.

To determine how good, during market hours I watch for 1) how much units the MM put out on the bid and ask and (2) the spread between the buy and sell orders.

I borrow this pic from poster above. Can see here that the MM here put in 100k units at buy and sell. 1 unit is more than RM10, so it's more than RM1 million each side. For Malaysia standard this is good. For my use, it's good as I don't buy and sell more than RM1m.

The second thing to look for is the spread between buy and sell. Can see here buy is RM10.8 and sell is 10.10, its 2 sens. About 0.2%, which is Very Good.

The third, and this is an important technique, is to see the buy sell price and compare it to the ETF iNAV.

What is iNAV?

Normal Mutual Fund has only one valuation called NAV which is calculated at end of day. NAV is the value of each unit of the Mutual Fund. It doesn't matter if u buy a mutual fund in the morning or in the afternoon. So let's say a Bull day where an index jumps 5% in a day. For a normal mutual fund, u will have to buy at the 5% higher price.

However, for ETF u can buy in the morning and potentially get the 5% gain. But how do you know the valuation of the ETF in during the day?

An ETF has an end of day NAV like mutual fund, BUT it also has a "live" NAV during the day. This is called iNAV which is the valuation of the unit intraday. You want to buy as close to the iNAV as possible.

Where to find iNAV data?

In Malaysia, iNAV is called iOPV by bursa. Bursa is quite nice that it provides this iOPV data in one place. U can find it at their bursamarketplace site.

https://www.bursamarketplace.com/mkt/themarket/etf

Look at the second last column to the right.

These are the 3 things I look at before I click an order. All 3 are not constant, so must be checked.

So I noticed this Monday got people buy this Chinaetf. Hong Kong was closed on Monday. MM not obliged to market make when the primary market for the ETF is closed. Those investors who buy were buying way above iNAV. The selling ones got windfall.

This post has been edited by Cubalagi: Feb 19 2021, 09:14 AM

Take into account your brokerage costs and forex.

Personally, my view is that, if u are already investing in Singapore and want to invest big in Reits, then it's better buying into the REITS directly, without using an ETF. You can check out the SGX Reits thread forum

TradePlus reits ETF to me is, if you are largely a Bursa investor, but want to diversify into Reits outside Malaysia, and you are not really investing big.

All ETF disclose their daily holdings. You can find it in Bursa website, at the announcement section of the particular ETF.

I don't really like this particular ETF. Bid and ask spread is very wide.

This post has been edited by Cubalagi: Apr 3 2021, 09:17 AM

Also you can check the ETF daily intra day INAV on bursa marketplace website.

https://www.bursamarketplace.com/mkt/themarket/etf

Look at the column called IOPV.. That's the INAV. The INAV changes intraday. Always check the INAV before u buy an ETF. Your buying price should only be slightly higher (say 2 ticks max) than the INAV, but sometimes u can also get a discount (which is good)

Note that 2 ETFs don't have the INAV on this site, the US ETF and the AM Bond ETF. The Bond ETF doesn't need INAV as bond prices move only once in a day, so it's OK just to look at NAV.

Some info on NAV vs iNAV.

https://www.morningstar.com/articles/919059...s-and-discounts

I remember one of the ETF, the Myetd DJ 25, some investor was trying to unload a big position of a few million, and seem desperate, selling much below iNAV The market maker quota for the day was probably full and I put a buy order at 5% discount to iNAV and still got hit.

After about a month,. The index went up 5%, and I exited with 10% gain.. (+5% index up, +5% discount).

This post has been edited by Cubalagi: Apr 3 2021, 01:08 PM

The fund manager has been bought by Kenanga IB

https://www.theedgemarkets.com/article/kena...vcap-management

I would say if u intend to have more than 10% SGReits in your portfolio, maybe it's worth the time and hassle to study individual reits and pick a few u think are the best.

This post has been edited by Cubalagi: Apr 4 2021, 10:41 AM

You will always get a basket of at least 10 stocks in an ETF.

Maybe u can start investing via an ETF, and later move on to single Reit? Some institutions do it this way as well when they go into a new market.

Large cap tech down. Not just China, look at TSLA down 20% in 1 month.

Mplus most flexible I heard.

The only ones Im willing to invest in are the Affin ones and abfmy..

0830EA = 280% return since launch (November 2019).

Latest one is the Value Partners China shariah 100 A shares ETF (0838EA). Investing in top 100 stocks in mainland China which are Shariah compliant..

It will depend on market direction...

It's 2x daily movement, so in uptrend market it will be more than 2x due to compunding over the time period. Similarly if downtrend, can be more than negative x2.

Worse is highly volatile up n down market..

This new ETF is by Value Partners, which is a HK based Fund manager listed on Hkex.

U might wonder why they set up in Malaysia? The Chairman n founder was Penang born Malaysian n they set up operations during PH time.

This post has been edited by Cubalagi: Aug 9 2021, 02:25 PM

No options. Just futures contract..