SGX Stock Exchange today welcomed the listing of the UOBAM Ping An FTSE ASEAN Dividend Index ETF, offering investors diversified exposure to established regional market leaders with strong dividend profiles. The listing of this ETF reflects growing investor interest in income‑oriented strategies, where dividends can provide a degree of defensive stability alongside participation in equity market upside.
Managed by UOB Asset Management, the ETF tracks the FTSE ASEAN ex REITs Target Dividend Index, featuring 57 large and mid‑capitalisation companies from five key ASEAN markets, namely Singapore, Indonesia, Thailand, Malaysia, and the Philippines. With a higher allocation to defensive sectors and low correlation with major global markets, the ETF offers a higher dividend yield relative to the broader FTSE ASEAN Index. Units are available in SGD and USD under the stock codes UPD and UPU, respectively.
Ng Yao Loong, Head of Equities, SGX Group, said, “ASEAN offers a compelling investment proposition to investors, given its strong structural growth factors and efforts to deepen the domestic and regional capital markets. This ETF provides investors with a simple and cost‑efficient way to access a diversified portfolio of ASEAN equities through a single SGX‑listed vehicle, leveraging Singapore’s role as a trusted gateway for global capital into the region. We are pleased to partner with UOB Asset Management to deepen investor access to high quality, dividend-paying companies in the ASEAN region.”
Thio Boon Kiat, Group Chief Executive Officer, UOBAM, said, “ASEAN remains a key driver of wealth creation in Asia, supported by favourable demographics and structural growth. At the same time, the region offers abundant dividend opportunities across a broad base of companies with strong fundamentals and healthy dividend profiles. This ETF provides investors with straightforward access to these income streams alongside ASEAN’s long term growth potential. As investors increasingly seek stability and yield in today’s uncertain market, UOBAM is well placed to meet these needs, drawing on our decades of experience and extensive on-the-ground presence across the region.”
The UOBAM Ping An FTSE ASEAN Dividend Index ETF complements SGX Stock Exchange’s growing lineup of Asia‑focused ETFs. With this addition, the ETF product shelf expands to 52 listings, with combined assets under management exceeding S$18 billion.
