The Lion-OCBC Securities APAC Financials Dividend Plus ETF has listed on the Singapore Exchange S68 (SGX) on May 13.
The exchange-traded fund or ETF, which is the first to track the financial sector in Asia Pacific (APAC), follows the performance of 30 of the largest financial institutions listed in the region. The financial institutions are tracked by the iEdge APAC Financials Dividend Plus Index.
“With a focus on 30 of the most actively traded financial institutions, this ETF allows investors to ride on the strength of Asia Pacific’s financial sector, and enjoy stable and high dividend returns. We are pleased to collaborate with Lion Global Investors and OCBC Securities to innovate and capitalise on the exciting opportunities in the financial sector. Today’s listing highlights SGX Group’s role as a global centre for investment opportunities in Asia Pacific,” says Janice Kan, co-head of equities, SGX Group.
“For the first time, investors will be able to access Asia Pacific’s financial sector in a consistent and cost-effective way. The Lion-OCBC Securities APAC Financials Dividend Plus ETF provides investors quick and easy access to a basket of stable dividend yielding financial stocks in this region,” adds Teo Joo Wah, CEO at Lion Global Investors. “Our ETF journey has been underpinned by our goal to bring innovative and cost-effective ETF solutions to meet the evolving and diverse needs of investors and this new ETF is designed with an understanding of their objectives and evolving investment needs.”
“In recent years, markets have been uncertain. However, there is significant potential in the financial sector, particularly in Asia Pacific. The prospect of capital gain, coupled with consistently high and sustainable dividend payouts, will drive demand for the Lion-OCBC Securities APAC Financials Dividend Plus ETF. With its listing on SGX, local investors will be able to tap into the strengths of Asia Pacific’s financial sector through a convenient and familiar platform,” says Wilson He, managing director, OCBC Securities.
At its launch, the ETF has assets under management (AUM) of $47 million, bringing the total number of ETFs on the SGX to an AUM of $11 billion as of end April.
