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Recent Questions & Answers

When to sell

We are currently holding ANZ, CBA, NAB, WBC, TLS and MPL.

We are planning to sell part of these, to reduce our mortgage on our investment property.

We do not want to miss out on the interim dividends on the above stocks, and therefore, would like to know the company ex-dividend and record dates.

Do we need to wait till the record date, or once they go ex-dividend?

Also, where can we find this information earlier than when the companies announce?


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LICs and ETFs NTA

I see that LIC’s must publish the NTA each month and it is available on their website. How often must ETF’s update, and is that also available by stock exchange announcement, or on the website?


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HVST ETF

I have been told to look at HVST as a play for my SMSF. It is run by Beta Shares and is promoted as a dividend harvest fund. Your thoughts would be appreciated.


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Global market exposure

I have a SMSF/allocated pension. Currently, I don’t have exposure to global markets, so can you tell me if I would be better getting exposure through something like Magellan Global Fund, or the EFT’s mentioned in your articles?


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Medibank IPO

I purchased some Medibank in the IPO and am sitting on a nice unrealised profit. I, like many it seems, was looking for a quick win, rather than a long-term hold. My main reason for buying was the fact that it was oversubscribed by institutions to the tune of 10 times! I figure all those fund managers that are benchmarked against the index, including ETF’s and passive managers, will be forced to buy to attain the relevant index weight their investment mandate demands.

I believe Medibank is yet to be added to the index, so my question is, can you confirm when the next index re-weighting takes place that will see Medibank added to the index? I’d imagine the active managers are slowly building their position, however, I expect some of the index funds/ETF’s will only gain a stake once the index is re-weighted (otherwise it won’t reflect the index), surely providing a spike in demand in the stock. Is this correct, and do you have any professional opinions (references to other big floats in history) on how this will pan out?


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