13 Mar 2020
Understand that there are two types of ETF in singapore, SPDR STI ETF and Nikko AM STI ETF. Then what are STI index (https://sg.finance.yahoo.com/quote/%5ESTI?p=^STI) . Are they different?
The STI index is basically the top 30 companies listed on the SGX based on market capitalisation. The two ETFs that track the STI basically offer a simple way to invest in these companies via a fund, rather than going out there and purchasing shares in all 30 companies separately. How the two differ are via their expense ratio and how closely they track the STI itself
STI index is a market index that tracks the top 30 companies listed on Singapore Exchange. SPDR and ...
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