UK Shares DCA - Vodafone, BT, Aviva

UK Shares - Vodafone, BT, Aviva

Due to recent price weaknesses, I am accumulating more Vodafone under £2.00 and more BT just above £2.00. In addition, I have been topping up Aviva.

I have also been adding US Corporate Bonds via LQDE. I am using SCB for LQDE in order to diversify my foreign holdings (i.e. not everything into IBKR). This will provide me with quarterly dividend income that I can use for Amazon.com purchases using my SCB US$ Debit Card. My other US$ holding does not declare dividends (IWDA).

While rates are rising and bond prices falling, there have nett fund inflows into LQDE's US counterpart LQD:  https://www.nasdaq.com/article/noteworthy-etf-inflows-lqd-cm965036

Frasers Logistics Trust

The preferential offering is 10 for every 100 shares held. Relatively small amount compared to some other REITs.

I managed to build up my FLT holdings to 20,000 at $1.03-1.05, which means I will be eligible for 2,000 more shares. Seems like a decent counter to hold for both Australian and European exposure.

Dividend Report: April 2018

April is a slow month for SG because its the close of the financial year. Vanguard Dividends are in this month though. 2018 v 2017 can see a significant increase in US$ dividend collected.

Total dividends Jan-April

S$: $12,522.70
US$: $2,463.65
GBP: £1,081.48
A$: 526.83


Average dividends per month: Jan-Apr 2018
S$3,130.68    [2017: $2,494.69 ]
£270.37         [2017:  £210.20]
US$615.92     [2017:  US$382.56]

Average dividends per month: Jan-Mar 2018
S$4,066.03    [2017: $3,218.05]
£127.10         [2017:  £128.54]
US$601.18     [2017:  US$328.03]





(total A$ collected - 72.21 too infrequent to bother about average)

Notes:

Average dividend per month = total dividend collected / number of months in the year so far. Vanguard quarterly dividends reported on Jan/April/Jul/Oct

Strategy Report: April-May 2018

FSMOne 
FSMOne removed the platform fee for HKSE ETFs. I funded my old FSM account and purchased an ETF. It was quite an easy exercise. I did not need to fill up any fresh forms for approval to trade HKSE shares.

• 0.08%  Commission (note: Interactive Brokers - 0.08% for LSE)
• HKD50 Minimum (about S$8.50 which makes it cheaper than those brokerages charging S$10 min comms)
• No platform fee, no handling fees
• HK does not charge dividend witholding. (The ETFs holding foreign shares will deduct withholding applicable to the foreign shares, and generally position seems similar to LSE ETFs except for US shares - continue to buy US ETFs on LSE)

I initiated a position with Vanguard FTSE Asia ex Japan High Dividend Yield ETF (3085). It contains 8.2% Singapore shares so I continue to get STI exposure even though I have stopped buying STI ETF for now. Furthermore, it has an expense ratio of only 0.35%. 




AUSTRALIAN DOLLAR 
The exchange rate hit 1:1 and so I funded my IBKR account at 0.9998. I had bought Telstra on the way down and it's share price continued to fall further, so its about time I bought some more to average down. 


SG SHARES

Apart from the usual topping up of some of my SG portfolio with 100+ shares each trade (thanks to no minimum commission), I made a few larger purchases.

Looking at Sembcorp prices, I decided to buy more between 3.00-3.06 instead of waiting to see if it dropped below 3.00. 

Frasers Logistics Trust is acquiring a European property portfolio and announcing a non-renounceable rights issue soon. I had a small position and decided to build it up as I am happy to get exposure to the Australian and European markets.  Buying between 1.05 and 1.04, my holdings stand at 17,000. 

After the EGM and the details of the fundraising are announced, the price might have some downside if the private placement price is lower than expected. So depending on price movements and the announcement, I will build it up to about 20,000-25,000.