I noticed that I had set up an IG trading account with $500 to get some bonus Qantas Frequent Flyer points last year, and it still had a cash balance of $436.55 sitting in the account (yes, I managed to lose some money while doing the required number of trades to qualify for the Frequent Flyer points, but the value of the QFF points I got was still significantly greater than the amount of money I lost). I probably should have just closed the account and transferred the balance back out, but I decided instead to purchase some ETF shares with the available balance. I've placed an order for 50 of the Betashares Asia Technology Tigers ETF (ASX code ASIA). At a limit price of $8.57 and $8 in brokerage that order will just about use up all the cash balance on the account. Assuming that the order gets filled when the markets reopen on Monday, I'll just let the investment sit for a decade or so and see what happens. No matter how this investment performs it will be hardly worth the trouble of including any distributions in my annual tax return, and to calculate capital gain/loss when I eventually sell the investment, so I might set up a monthly automatic contribution from my savings account into the IG account, and then add to this holding every six months or so to 'dollar cost average' into a larger position over time.
The top 10 holdings of this fund are:
| Name | Weight (%) |
|---|---|
| TENCENT HOLDINGS LTD | 9.1 |
| TAIWAN SEMICONDUCTOR MANUFACTU | 9.1 |
| ALIBABA GROUP HOLDING LTD | 8.9 |
| MEITUAN DIANPING | 8.8 |
| SAMSUNG ELECTRONICS CO LTD | 8.4 |
| JD.COM INC | 6.0 |
| PINDUODUO INC | 4.5 |
| NETEASE INC | 4.5 |
| SK HYNIX INC | 3.5 |
| INFOSYS LTD | 3.4 |
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