SINGAPORE (Oct 2): Asset management companies Lion Global Investors and Phillip Capital Management have announced the launch of their jointly-owned and managed exchange-traded fund (ETF), Lion-Phillip S-REIT ETF with an initial public offering (IPO) of $1 per unit.

The fund intends to declare dividends every Feb and Aug, and will conduct rebalancing semi-annually in June and Dec.

Its IPO opened this morning at 9am, and will close on Oct 20 at 11am.

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