Tuesday, May 05, 2009
Russia ETF purchased
I completed the purchase of an investment in the Russia ETF (2831) today at $20.60. My previous purchases were at $18.10. Notwithstanding the relatively illiquid market resulting in a wide spread, I would have done better to accept the spread and buy more aggressively when I first began accumulating a position in this ETF. Of course, this is only with the benefit of hindsight - if the market had tracked sideways or gone down, my tactic of placing tight limit orders would have been vindicated.