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<iframe width="560" height="315" src="https://www.youtube.com/embed/Ze16Wi5QajA?list=PL5iT3gYuXYdSknqXSE1ALh-YZPJoYsLsT?ecver=1" frameborder="0" allowfullscreen></iframe>   Catch part one of this... See more...
<iframe width="560" height="315" src="https://www.youtube.com/embed/Ze16Wi5QajA?list=PL5iT3gYuXYdSknqXSE1ALh-YZPJoYsLsT?ecver=1" frameborder="0" allowfullscreen></iframe>   Catch part one of this series: Risk and asset allocation
I suppose the underlying question really is : what is the likely catalyst for change ( either positive or negative- of couse) ?
If you're asking me......no longer waiting of anything on this one. I would be more accurate predicting when Mt Etna is going to erupt next, than calling the bottom on this one, just taking up space ... See more...
If you're asking me......no longer waiting of anything on this one. I would be more accurate predicting when Mt Etna is going to erupt next, than calling the bottom on this one, just taking up space on my watchlist at present.
And you are waiting for...??
3.7 Distribution or accounting period     No distributions as the index in a total return index. Therefore     the coupons of the underlying bonds are reinvested.
Simon, useful points thank you.
or just buy the new Satrix SP500 or MSCI dev markets both have lower TERs and SP500 pretty much same as DBXUS and MSCI is same for both ..
Simon Thanks for your summary - I figured out we were paying a TER of about 0.6ish - which I think is still steep - should be lower and closer to what you would expect in an institutional pricing mo... See more...
Simon Thanks for your summary - I figured out we were paying a TER of about 0.6ish - which I think is still steep - should be lower and closer to what you would expect in an institutional pricing model which I bet would be about 0.50 after all this is hardly "client intensive stuff "- they only ever issue distribution statements of buying or selling more units so dropping the price would be a help  - even 0.15 less over time would be a great help to Joe public.. So this raises the next question - who really wants the divvies - would it not be more tax efficient for the holder if they simply issued further "units" and forgot about paying divvies or set up a tracker which did that ?  Then you choose when to pay your tax
the answer is boring and I reply here.
  Constant currency, a term that is going to be used more and more as companies globalize and start earning in various currencies that are different from their reporting currency. Unfortunat... See more...
  Constant currency, a term that is going to be used more and more as companies globalize and start earning in various currencies that are different from their reporting currency. Unfortunately, it’ll also be abused a whole lot as well. In a nut shell the issue is that a company operating in more than one currency will at times have currency moves that can boost profits and at other times hurt them. For example, MTN reports in Rands but earns in Rands, Niria, Rial, Lira and more. So, they may have a great period in Nigeria but when converting those Niria back to Rands the profits may look less great or even turn into a loss. The inverse is also true a weak set of Nigerian results may be boosted by currency moves. Of course, at times there may be no currency moves of note and the whole issue will be moot. But the more different currencies one operates in the more chance of some moving against or in favour of the reporting currency. This is the reality for many companies and what matters is how they deal with it. What we tend to see is lots of blame when the currency moves hurt profits but no mention when they help. This is not just a South African issue as I have seen a number of US companies doing exactly this. But companies must trust and respect their shareholders and just tell us how it is. Shoprite* recently published a trading update for the year ending June 2017. Sales in Nigeria in Niria increased by 50.24% but when converted back into Rands the increase was actually a decrease of 6.98%. They didn’t try and fudge the issue reporting growth in Rands while later in the update they highlighted currency moves that helped and hindered depending on the currency. However, MTN seriously fudged the issue when reporting results for the six months ending June 2017 when they stated, “Group revenue up by 6,7%* (decreased by 18,5%)”? Now sure the * saves them but what they mean was revenue was down 18.5% but up in constant currency. As an investor, we care about both numbers but we want them to be published fairly and the ideal is tell us the real number so we can get an idea of how the results for the company actually are. Then give us segmental constant currency numbers so we can see how individual operational areas are doing. Simon *The writer holds shares in Shoprite
you have always been charged the fee and the SENS announcements have detailed it for a while now.   Here's what I wrote on this for FinWeek; No, the ETF owners are not ripping you off   tl:... See more...
you have always been charged the fee and the SENS announcements have detailed it for a while now.   Here's what I wrote on this for FinWeek; No, the ETF owners are not ripping you off   tl:dr The fee is perfectly in line with the stated TER.   Simon
Thanks Partridge1, I am going to phone SYGNIA,it would be different if I was using their platform and advice to justify the rip off, do you have these DBX trackers and if so what are you going to do ... See more...
Thanks Partridge1, I am going to phone SYGNIA,it would be different if I was using their platform and advice to justify the rip off, do you have these DBX trackers and if so what are you going to do about them. Do any other investors have any solutions? I used to be with SATRIX when I first started investing and then switched to ETFSA, going to check if their fees are any different.
Now you know why they are called "trackers"( chuckle) - beause after management charges they lag the index or other model they are tracking ! the administrator if that's what we can call them recover... See more...
Now you know why they are called "trackers"( chuckle) - beause after management charges they lag the index or other model they are tracking ! the administrator if that's what we can call them recover their fee for running these from the income earned  - thus the deduction - but its pointless asking Standard Bank anything - they are not the issuer/ administrator /whatever : you would be better asking  Sygnia - who as I understand it bought them from Deutsche Bank ( more 's the pity  - unless this new lot bring the fees down?) - but that I know zip about as they Sygnia have said nothing - at least nothing that i am aware of.  I did ask if there was any possiblity of a DTA recovery of tax - but that would be messy given the spread of the shares.     Anyway you are better off not recieving divvies if you are in a maximum tax bracket as things stand - better if this lot made no distrbutions and these funds simply issued more units and one just paid CGT - assuming you are an investor  - ie when you sold.
Good day all Are you all aware that SYGNIA has bought DBX,I cannot remember who had it previously but we are NOW being charged an ETF fee which never happened before, I received dividends of R3773 a... See more...
Good day all Are you all aware that SYGNIA has bought DBX,I cannot remember who had it previously but we are NOW being charged an ETF fee which never happened before, I received dividends of R3773 and they took off a fee of R1585. This is daylight robbery?  This is besides the foreign tax of R555, therefore I only made a profit of R877. I feel like selling all my DBX shares as a fee was never charged before. Any comments.
SOV also moving in the right direction.....might take some of the table aswell.
Hi there @partridge1,   Regarding the tax question - it' has been passed onto the tax department to get some clarity - although your tax practitioner might also be able to provide some insight. ... See more...
Hi there @partridge1,   Regarding the tax question - it' has been passed onto the tax department to get some clarity - although your tax practitioner might also be able to provide some insight.   In terms of the DBX: all ETFs have management fees associated with them. Each provider takes these fees into account in a different manner. The JSE used to process 1 distribution, taking all aspects into account. They now split the distribution. You can get more information on DBX in particular: https://www.moneyweb.co.za/mny_sens/the-db-x-tracker-col-invest-scheme-distribution-finalisation-announcement-for-the-six-months-ended-30-june-2017-update-dbxuk/   The fact sheet should explain the fee.   If you need more clarity, please feel free to email securities@standardbank.co.za
Knocking on the 16000 door, touched 15950, will start cashing in some chips soon.
On Threshold's advice on the old forum,(which I still miss instead of this #^&$) I climbed a few ladders on this one,only CFDs, but did slide down quite a big snake. Keeping a beady eye on it. par... See more...
On Threshold's advice on the old forum,(which I still miss instead of this #^&$) I climbed a few ladders on this one,only CFDs, but did slide down quite a big snake. Keeping a beady eye on it. partridge1 wrote: Okay is this priced for failure or breakup or is it actually some good assets at fire sale prices- the margin of safety is about noting given the price is about nothing - Okay I lie - it depends on how many you buy if it subsequently folds?       
Now up 127% over past 12 months , doing very well for those who went  in at the bottom.
One could of course jsut ask  OST - but I might not live long enough to get an answer : perhaps the fount of all knowldege - aka Simon can tell us?

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