Annual Reports 2014 – 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 2014.

Their results are tabulated below.

SPDR STI ETF Nikko AM STI ETF
Inception date 17 Apr 2002 24 Feb 2009
Fund size $438.62 m $125.18 m
NAV per unit $3.298 $3.3518
Price at 2 October 2014 $3.26 $3.32
Total return for year $27.3 m $6.8 m
Board lot size 1000 100
Expense ratio 0.30% 0.42%
Distribution per unit $0.088 $0.0915

On 2 October 2014, STI was at 3228.71 points level. Price of SPDR STI ETF was $3.26, Price for Nikko AM Singapore STI ETF was $3.32. NAV per unit for Nikko STI ETF was higher than SPDR STI ETF ($3.3518 vs $3.298).

Historical distribution yield for SPDR’s was 2.69% and Nikko’s was 2.75%, based on prices at 2 October 2014. Nikko STI ETF paid out better dividends at 9.15 cents against SPDR’s of 8.8 cents.

Price to book ratio for SPDR STI ETF was 0.9884 against 0.9905 for Nikko AM Singapore STI ETF.

Expense ratio for SPDR STI ETF was 0.30% against 0.42% for Nikko AM Singapore STI ETF.

Copyright © 2014, 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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