$51 Billion Lion Global Investors & $122 Billion China Merchants Fund Management Launch Lion-China Merchants CSI Dividend Index ETF with Listing (28/3/25) on Singapore Exchange (SGX), Tracks Performance of CSI Dividend Index (100 Shanghai or Shenzhen-Listed A-Shares with High Cash Dividend Yields & Stable Dividends), Initial Offer Period from 10th March to 24th March 2025 with Subscription via OCBC Network (ATM / Internet / Mobile Banking) & Dealers (iFast, OCBC Securities, Phillip Securities, Maybank Securities & Tiger Brokers)
13th March 2025 | Hong Kong
Lion Global Investors ($51 billion AUM) & China Merchants Fund Management ($122 billion AUM) have launched the Lion-China Merchants CSI Dividend Index ETF with listing (28/3/25) on Singapore Exchange (SGX). The new ETF tracks the performance of the CSI Dividend Index (100 Shanghai or Shenzhen-listed A-Shares with high cash dividend yields & stable dividends). The Initial Offer Period is from 10th March to 24th March 2025 with subscription via OCBC network (ATM / Internet / Mobile Banking) & participating dealers (iFast, OCBC Securities, Phillip Securities, Maybank Securities & Tiger Brokers). Announcement (10/3/25): “Lion Global Investors (LGI) and China Merchants Fund Management (CMF) will list the Lion-China Merchants CSI Dividend Index ETF on the Singapore Stock Exchange (SGX) on 28 March 2025. This will be LGI’s eighth ETF and its third China-focused ETF. The Lion-China Merchants CSI Dividend Index ETF aims to track closely, the performance of the CSI Dividend Index. The Index comprises 100 Shanghai-listed or Shenzhen-listed A shares of a certain scale and liquidity, with high cash dividend yields and stable dividends weighted based on their dividend yields to reflect the overall performance of the high-dividend stocks in the A-share market. Dividend-play ETFs as a continued investment theme – According to data from Bloomberg as of February 2025, the CSI Dividend Index delivered total returns of 12.3% in 2024, posting positive gains in three out of the past four years. In comparison, the CSI 300 Index posted positive gains in only one of those years. The four dividend-paying ETFs from Lion Global Investors’ ETF range currently makes up 55% of LGI’s total ETF assets under management (AUM) of S$1.32 billion as of 3 March 2025. With the launch of LGI’s eighth ETF, more than half of LGI’s ETF range is now dividend-paying, reflecting the continued growth of demand for dividend-play ETFs.” More info below:
“ $51 Billion Lion Global Investors & $122 Billion China Merchants Fund Management Launch Lion-China Merchants CSI Dividend Index ETF with Listing (28/3/25) on Singapore Exchange (SGX), Tracks Performance of CSI Dividend Index (100 Shanghai or Shenzhen-Listed A-Shares with High Cash Dividend Yields & Stable Dividends), Initial Offer Period from 10th March to 24th March 2025 with Subscription via OCBC Network (ATM / Internet / Mobile Banking) & Dealers (iFast, OCBC Securities, Phillip Securities, Maybank Securities & Tiger Brokers) “
Kwok Keng Han, Chief Marketing Officer, Lion Global Investors said: “We believe that dividend-plays are poised for continued growth, with LGI’s dividend-themed ETFs seeing exceptional inflows in 2024, possibly due to its resilient and consistent recurring returns. The Lion-China Merchants CSI Dividend Index ETF as a new addition to our suite of ETFs reinforces our commitment in responding to investors’ demand, especially to those who are looking to generate passive income and capitalise on the potential growth of healthy Chinese companies.”
Ou Zhiming, Deputy General Manager, China Merchants Fund Management: “China Merchants CSI Dividend ETF has a track record of strong performance since its inception in 2019, providing Chinese investors with access and the opportunity to capture future growth opportunities end enjoy dividend returns of high-quality A-share companies. Partnering with Lion Global Investors to list the Lion-China Merchants CSI Dividend Index ETF on the SGX will enable that same opportunity to be accorded to local investors in Singapore. At the same time, it will also contribute to the development of the China A-share market.”
Lion-China Merchants CSI Dividend Index ETF – The Lion-China Merchants CSI Dividend Index ETF comprises a diversified portfolio of mature dividend-paying sectors with financials, energy and industrials among its top sectors and counts constituents such as Cosco Shipping Holdings and Jizhong Energy Resources * among its top constituents (as of 28 February 2025). The ETF may appeal to investors who are seeking to build a resilient dividend-paying portfolio.
CSI Dividend Index – The CSI Dividend Index, with its unique selection methodology and extensive sample universe, is well recognised in the China A-share market. At the same time, the China Merchants CSI Dividend ETF, established in 2019, has gained recognition for its scale, liquidity, and transparent dividend mechanism. With approximately RMB 6.60 billion in AUM as of 31 December 2024**, the China Merchants CSI Dividend ETF is one of the most traded dividend-paying ETFs in the Chinese market. The upcoming launch will mark the first cross listing of a CSI Dividend Index ETF outside of China.
Key features of the Lion-China Merchants CSI Dividend Index ETF:
- Consistent: The Index focuses on companies with a proven track record of consistent dividend payments at least in the past 3 years.
- Steady: Companies are selected based on their robust financial health. These companies typically have strong cash flows and high free cash flow to dividend coverage ratios.
- Income: This ETF helps investors access a diversified portfolio of dividend-paying stocks, generating a passive income stream.
Initial Offering Period – The Initial Offering Period (IOP) of the Lion-China Merchants CSI Dividend Index ETF is from 10 March until 24 March 2025. During the IOP, investors may subscribe to the ETF through OCBC ATMs/internet banking/mobile banking as well as Participating Dealers that include iFAST Financial Pte. Ltd., OCBC Securities Pte. Ltd., Phillip Securities Pte. Ltd., Maybank Securities and Tiger Brokers (Singapore) Pte. Ltd. The Issue Price of each unit during the IOP is SGD 1.00. The ETF will list on the SGX on 28 March 2025 and will be available in SGD and CNH under the SGX codes of INC and ICH.
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 31 December 2024, our assets under management (AUM) stands at S$70.0 billion (US$51.3 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 31 December 2024, China Merchants Fund Management Co., Ltd.’s mutual fund assets under management stands at RMB 884 billion.
$51 Billion Lion Global Investors & $122 Billion China Merchants Fund Management Launch Lion-China Merchants CSI Dividend Index ETF with Listing (28/3/25) on Singapore Exchange (SGX), Tracks Performance of CSI Dividend Index (100 Shanghai or Shenzhen-Listed A-Shares with High Cash Dividend Yields & Stable Dividends), Initial Offer Period from 10th March to 24th March 2025 with Subscription via OCBC Network (ATM / Internet / Mobile Banking) & Dealers (iFast, OCBC Securities, Phillip Securities, Maybank Securities & Tiger Brokers)
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