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Themcrazy

128 Posts.

28/07/18

10:04

Post #: 34605056
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Originally posted by Fangk ↑

Hi HC fellows. I want to see how you guys buy ETFs in your SMSF. I am looking in the market and feel confused as I am new to fund trading. For example when I look into iShares S&P 500 EFT IVV, it's currently traded at unit price $386, while it's underline asset value (share values) is only $286. What makes people pay the same assets with $100 premium? Are all the EFTs similar in this premium consideration? Index fund ETFs are supposed to track the Indices but if the premium markup is so big, I wonder they still have this character.
Alternatively, It's highly appreciated if you can recommend some other way to buy index funds. I am currently with eSuperfund.
Cheers

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$286.1243 USD a unit vs a AUD share price of $387.180.

Using Google convert - $286.1243 USD = $386.71 AUD
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