Friday, April 24, 2009

Russia ETF

I placed an order to purchase the Russia ETF (2831) this morning. Due to the limited liquidity and consequentially wide bid-offer spreads, I kept the order size small and placed a tight limit of $18.10 per unit and only managed to purchase about 30% of what I had ordered before the market price ran away from me. The units closed at $18.64.

I'm not inclined to chase the price to complete the order next week and will have to decide between closing a position which is too small to be meaningful and patiently waiting to complete the order by buying any dips in the market.

No comments: