News

Singapore bourse welcomes Phillip SING Income ETF

Singapore_Exchange_buildingAsian fund management company Phillip Capital Management’s third exchange-traded fund (ETF) launched on the Singapore Exchange (SGX) on October 29, 2018. The Phillip SING Income ETF tracks the performance of the Morningstar Singapore Yield Focus Index. The index consists of the top 30 dividend stocks listed on the SGX-ST and are selected on the basis of three criteria: quality, financial health and dividend yield. It had $68 million (€59.8 million) in initial assets under management at the close of subscription. The Singapore team of law firm Simmons & Simmons acted for Phillip Capital Management in the establishment, authorisation and listing of the ETF. Jeffrey Lee, Phillip’s managing director and chief investment officer, said: “The constituent securities of the initial portfolio of the index offers dividend yield in excess of 4% per annum, a significant yield advantage to long-term Singapore government bonds.” He said track record of the Morningstar index that the ETF tracks had consistently delivered dividend and capital growth since its constitution in June 2005. ©2018 funds global asia

Executive Interviews

Interview: Asia’s sweet spots

Jul 05, 2019

As the US-China trade war ramps up with a hike in levies, Tai Hui, chief market strategist for Asia-Pacific at JP Morgan Asset Management, tells Romil Patel where he identifies investment value.

Interview: Money needs a place to go

Mar 11, 2019

Peng Fei, chief investment officer at Wanwei Asset Management, tells Romil Patel about allocating capital across risk factors when asset performance is uncertain and unpredictable.

Roundtables

ESG roundtable: Are the ESG stars aligning across Asia?

Jul 05, 2019

Our panel of experts discusses driving higher ESG asset allocation in Asia, growing calls to address the global climate crisis and the importance of governance. Chaired by Romil Patel in Hong Kong.

Singapore roundtable: A money magnet

Mar 11, 2019

Our panel discussed why the Singapore Variable Capital Company makes them bullish, what gives the onshore jurisdiction an offshore feel and “blood on the streets” from China’s slowdown. Chaired by Romil Patel in Singapore.