$55 Billion Lion Global Investors & $122 Billion China Merchants Fund Management Launch World First Emerging Asia ETF Traded in SGD with IPO Listing on 11th December 2024 on Singapore Exchange, Lion-China Merchants Emerging Asia Select Index ETF to Replicate Performance of iEdge Emerging Asia Select 50 Index by Tracking 50 Largest & Most Tradable Companies in 4 Emerging Asia Markets India, Malaysia, Indonesia & Thailand, Lion-China Merchants Emerging Asia Select Index ETF Will be Listed on Shanghai Stock Exchange by March 2025
29th November 2024 | Hong Kong
Lion Global Investors ($55 billion AUM) & China Merchants Fund Management ($122 billion AUM) have announced the launch of the world first emerging Asia ETF (Exchanged-Traded Fund) traded in SGD on Singapore Exchange (IPO listing on 11th December 2024), with the Lion-China Merchants Emerging Asia Select Index ETF to replicate the performance of the iEdge Emerging Asia Select 50 Index by tracking 50 of the largest & most tradable companies in 4 emerging Asia markets India, Malaysia, Indonesia & Thailand. The Lion-China Merchants Emerging Asia Select Index ETF will be listed on the Shanghai Stock Exchange by March 2025. Announcement (25/11/24): “Lion Global Investors (LGI) and China Merchants Fund Management (CMF) today announced their collaboration to launch the Lion-China Merchants Emerging Asia Select Index ETF, the world’s first emerging Asia ETF traded in SGD. This ETF is LGI’s seventh ETF and marks CMF’s first collaboration with an ETF issuer in Singapore. The investment objective of the Lion-China Merchants Emerging Asia Select Index ETF seeks to replicate the performance of the iEdge Emerging Asia Select 50 Index by tracking the 50 largest and most tradable companies in four key emerging Asia markets – India, Malaysia, Indonesia and Thailand and providing access to growth in these countries. The Lion-China Merchants Emerging Asia Select Index ETF counts index constituents such as Indonesia’s Bank Central Asia and India’s HDFC Bank and Thailand’s PTT PCL among its top constituents (as of October 31, 2024), with larger allocations to sectors like finance, technology and energy. The ETF may appeal to investors who are looking to gain access into these growing markets or sectors within India, Malaysia, Indonesia and Thailand … … Lion Global Investors’ total ETF Assets under Management (AUM) reached the SGD 1 billion mark in 2024 and its ETF business has grown 37% year-to-date as of October 31, 2024. Riding on this growth momentum, the Lion-China Merchants Emerging Asia Select Index ETF will be Lion Global Investors’ third ETF listing in 2024, bringing the total number of ETFs listed on the SGX to seven since entering the ETF space in 2017. With this new ETF, LGI will have the largest number of ETFs on the SGX. With the robust expertise of Lion Global Investors and China Merchants Fund Management in their respective Singapore and China markets, the collaboration aims to drive growth for both companies while delivering value for investors in both markets. As the asset management arm of China Merchants Group, one of the largest state-owned enterprises in China with diverse business operations, China Merchants Fund Management offers clients investment strategies across mainland China, including mutual funds, pension funds, social security funds and QDII solutions, dedicated to the mission of ‘creating more value for investors’. The company manages the largest CSI A500 ETF listed on the Shanghai Stock Exchange, which is tracking the CSI A500 Index with an AUM of RMB 13.6 billion as of November 15, 2024. As part of its involvement in the SGX-SSE ETF Product Link, China Merchants Fund Management will reciprocate with the listing of a feeder ETF for the Lion-China Merchants Emerging Asia Select Index ETF on the Shanghai Stock Exchange by March 2025. Initial Offering Period – The Initial Offering Period (IOP) of the Lion-China Merchants Emerging Asia Select Index ETF is from November 25 to December 6, 2024. The issue price of each unit during the IOP is SGD 1.30 (or the approximate equivalent of USD 1). The ETF will list on the Singapore Stock Exchange (SGX) on December 11, 2024 and will be available in Singapore dollar under the SGX code EAA. During the IOP, investors may subscribe to the ETF through OCBC ATMs/internet banking/mobile banking and participating dealers including iFAST Financial Pte. Ltd., OCBC Securities Pte. Ltd., Phillip Securities Pte. Ltd., Maybank Securities and Tiger Brokers (Singapore) Pte. Ltd.
“ $55 Billion Lion Global Investors & $122 Billion China Merchants Fund Management Launch World First Emerging Asia ETF Traded in SGD with IPO Listing on 11th December 2024 on Singapore Exchange, Lion-China Merchants Emerging Asia Select Index ETF to Replicate Performance of iEdge Emerging Asia Select 50 Index by Tracking 50 Largest & Most Tradable Companies in 4 Emerging Asia Markets India, Malaysia, Indonesia & Thailand, Lion-China Merchants Emerging Asia Select Index ETF Will be Listed on Shanghai Stock Exchange by March 2025 “
Kwok Keng Han, Chief Marketing Officer at Lion Global Investors: “While developed markets often take the Asian spotlight, we are now seeing notable focus on emerging Asia markets and are committed to providing an easier channel for clients to access these markets. The encouraging adoption we see from investors across our range of ETF offerings in the past year underlies the belief that investors see value in cost-efficient, well-designed strategies that combine the best elements of indexing with the potential to achieve better outcomes for well-diversified portfolios.”
Dr Xu Yong, General Manager, China Merchants Fund Management: “China Merchants Fund Management is pleased to partner with Lion Global Investors, one of Singapore’s leading asset management companies, to provide innovative solutions and offerings to expand investor access to more markets. Through this collaboration, we will be able to offer a new allocation tool for domestic investors, providing scalable solutions and thereby enhancing our service to investors.”
Lion Global Investors Limited – Lion Global Investors Limited (Co Reg No. 198601745D) is a part of Great Eastern Holdings and a member of the Oversea-Chinese Banking Corporation Limited (OCBC) Group. Established since 1986, it is a leading and one of the largest asset management companies in Southeast Asia, uniquely positioned to provide Asian equities and fixed income strategies and funds to both institutional and retail investors. As at 30 September 2024, our assets under management (AUM) stands at S$71.2 billion (US$55.6 billion).
China Merchants Fund Management – China Merchants Fund Management Co., Ltd. was established on December 27, 2002, with the approval of the China Securities Regulatory Commission (CSRC) as per Document No. 100 (2002). The registered capital stands at RMB 1.31 billion, with China Merchants Bank Co., Ltd. holding 55% and China Merchants Securities Co., Ltd. holding 45% of the company’s total equity. Dedicated to the mission of ‘creating more value for investors’, China Merchants Fund upholds the core values of integrity, rationality, professionalism, collaboration, and growth. The company aims to establish itself as a leading brand with a competitive edge in China’s asset management industry. As at 30 September 2024, China Merchants Fund Management Co., Ltd.’s mutual fund assets under management stands at RMB 890 billion.
$55 Billion Lion Global Investors & $122 Billion China Merchants Fund Management Launch World First Emerging Asia ETF Traded in SGD with IPO Listing on 11th December 2024 on Singapore Exchange, Lion-China Merchants Emerging Asia Select Index ETF to Replicate Performance of iEdge Emerging Asia Select 50 Index by Tracking 50 Largest & Most Tradable Companies in 4 Emerging Asia Markets India, Malaysia, Indonesia & Thailand, Lion-China Merchants Emerging Asia Select Index ETF Will be Listed on Shanghai Stock Exchange by March 2025
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