Annual Reports – SPDR Straits Times Index ETF and Nikko AM STI ETF

Both exchange traded funds (ETF) released their annual reports for the year ended 30 June 2013.

Their results are tabulated below.

SPDR STI ETF Nikko AM STI ETF
Inception date 17 Apr 2002 24 Feb 2009
Fund size $369.55m $126.46 m
NAV per unit $3.186 $3.2058
Price at 2 October 2013 $3.22 $3.24
Total return for year $41.3 m $16.5 m
Board lot size 1000 100
Expense ratio 0.30% 0.39%
Distribution per unit $0.08 $0.07

On 2 October 2013, STI was at 3152.58 points level, Price of SPDR STI ETF was $3.22, Price for Nikko AM Singapore STI ETF was $3.24. NAV per unit for Nikko STI ETF was higher than SPDR STI ETF ($3.2058 vs $3.186).

Historical distribution yield for SPDR’s was 2.48% and Nikko’s was 2.16%, based on prices at 2 October 2013.

Price to book ratio for SPDR STI ETF was 1.010671 against 1.010668 for Nikko AM Singapore STI ETF. Very similar P/B ratio.

Expense ratio for SPDR STI ETF was 0.30% against 0.39% for Nikko AM Singapore STI ETF.

Copyright © 2013, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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One Response to Annual Reports – SPDR Straits Times Index ETF and Nikko AM STI ETF

  1. momo says:

    Hi, I may not check back here but hope more people will take note of this. I have sent SPDR emails but not gotten any reply.

    For the past 6 months, I have observed that SPDR STI ETF’s published 1-year performance has been below expected, underperforming the FTSE STI Total Return by more than 1%, significantly more than the TER of 0.30%. This means 6 rolling 1-year periods. During this period, it has also underperformed Nikko AM STI ETF, something not seen until this year. Something is wrong with SPDR STI ETF (at least its published performance) and as in investor I an concerned.

    Hope you can take some time to look into this and possibly even put up a blog post and get SPDR’s attention. Unfortunately I only saved the October 2013 factsheet from both SPDR and Nikko AM. As of now, their website has the November 2013 factsheet. From Annual Report you can see June 2013.

    You can obtain FTSE STI Total Return factsheets from:
    http://www.ftse.com/analytics/factsheets/Home/Search (FTSE ST Index Series and archive)

    Thanks.

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