Question: I’m keen to get some exposure to Nasdaq stocks via an ETF but am looking for one listed on the ASX. Can you please let me know if one exists?
Answer (By Paul Rickard): Sorry – there is no ETF locally.
The closest is probably iShares Global 100 (ASX Code IOO), or iShares Global Telecommunications (IOQ).
If you want to open an international shares account (you can do this with CommSec, ETrade and others), you could purchase the US-listed ETFs directly.
Question 2: Thank you for your article on LICs and ETFs. Can you point me to any material that will clear up the differences please? This would include how the NTA is calculated, given that the shares, which the LIC or ETF own, are all different prices; how is the NTA derived from those individual prices please? I think I have just exposed my ignorance of the LIC and ETF so I hope you can help.
Answer 2 (By Paul Rickard): The NTA (in both cases) is the market value of all the securities the ETF or LIC owns, divided by the number of shares on issue by the LIC or units on issue by the ETF.
I would check the individual issuer websites – there is some quite good material. Try www.spdr.com.au or www.vanguard.com.au for ETFs, and try www.afi.com.au or www.argoiinvestments.com.au for LICs.
Also, the ASX has some information.
Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regards to your circumstances.
Follow the Switzer Super Report on Twitter
Also in the Switzer Super Report:
- Charlie Aitken: Buy US dollar exposure
- Ron Bewley: The yield portfolio’s first risk assessment
- Tony Featherstone: Takeover talk – eyes on iSelect
- George Lucas: My SMSF: a fondness for flexibility
- Staff Reporter: Buy, Sell, Hold – what the brokers say
- Tony Negline: Building wealth – it’s all in the timing
