Lion Global Investors and Phillip Capital Jointly Launch ETF focusing on Singapore’s REITs
Lion Global Investors and Phillip Capital Management jointly launched ETF that focus on Singapore’s REITs. The initial offer period will be from 2nd to 20th of October 2017, and can be applied through participating dealers.
” LGI & Phillip Jointly Launch ETF focusing on Singapore’s REITs “
The Exchanged-Traded Fund known as Lion-Phillip S-REIT ETF, aims to provide investors with low-cost access to high-quality S-REITs1 that offer a sustainable income stream and potential capital growth. The benchmark is the Morningstar® Singapore REIT Yield Focus IndexSM.
Lion Global Investors is one of the largest asset management companies in Southeast Asia, with group assets under management of S$42.5 billion while PhillipCapital, founded in 1975, has assets under custody/management totals to more than USD 30 Billion.
Gerard Lee, Chief Executive Officer at Lion Global Investors:
“There is a compelling investment story for Singapore REITs, which have thrived on the back of government support and a robust regulatory framework. Investors who are looking to ride on the potential of Singapore REITs to seek a sustainable income stream and potential capital growth should consider the Lion-Phillip S-REIT ETF. It provides low-cost access to 23 high-quality S-REITs screened by Morningstar using a strategic-beta investment process. We are happy to be collaborating with Phillip Capital Management and Morningstar to offer this new ETF to the investors.”
Mr. Jeffrey Lee, Managing Director and Chief Investment Officer at Phillip Capital Management:
“Phillip Capital Management is focused on bringing innovative products to investors. Singapore REITs have been one of the success stories of the region. We believe the new ETF will appeal to investors who wish to participate in the growth story of Singapore REITs through a diversified portfolio of quality Singapore REITs in a low cost and fuss-free manner. We have been strong advocates of Singapore REITs since 2002, and our investments in this sector have served our government pension, global institutional, and retail clients well. We are honoured to work with Lion Global Investors, and this collaboration marks a new era for two local fund management firms to introduce innovative products to serve better the investment needs of our clients.”
Source: Official Press Release
About Lion Global Investors Limited
Lion Global Investors Limited, a member of the Oversea-Chinese Banking Corp oration Limited (OCBC) Group, is one of the largest asset management companies in Southeast Asia, with group assets under management of S$42.5 billion (US$29.4 billion) as at 31 December 2016. Established since 1986, we are uniquely positioned to provide Asian equities and fixed income strategies and funds to both institutional and retail investors.
- Origin: Singapore
- Assets Under Management: US$29.4 billion
About Phillip Capital
Since 1975, the PhillipCapital network has grown into an integrated Asian financial house with a global presence that offers a full range of quality and innovative services to retail and high net worth individuals, family offices, corporate and institutional customers. With more than 3,500 employees and over 1 million clients worldwide, our assets under custody/management totals to more than USD 30 Billion with shareholders’ funds in excess of USD 1 Billion. PhillipCapital (with headquarters in Singapore) operates in the financial hubs of 16 countries and region, including offices in Malaysia, Cambodia, Indonesia, Thailand, Hong Kong, China, Japan, India, Sri Lanka, Australia, UAE, UK, France, Turkey and USA.
- Origin: Singapore
- Employees: More than 3,500
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