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Singapore Exchange (SGX) today welcomed the listing of One Asset Management’s (“OneAM”) One STOXX ASEAN Select Dividend Exchange Traded Fund (“ETF”).
This is the first ETF listing in Singapore by OneAM, Thailand’s largest ETF issuer and leading asset management company, wholly owned by KGI Securities (Thailand). It is also the first ETF to be listed via ASEAN’s Collective Investment Schemes (CIS), the cross-border fund passporting framework that includes Singapore, Malaysia and Thailand. The initiative allows fund managers operating in the three nations to distribute fund products across borders to retail investors.
This ETF is classified as an Excluded Investment Product (EIP), which means it is accessible to all investors. It tracks the STOXX ASEAN Select Dividend 30 Index, which employs a smart-beta strategy to uncover the top 30 companies from six ASEAN countries based on dividend yield, excluding those with low tradability and poor dividend sustainability. There is a balanced number of constituents from each country, to avoid any one country dominating the index.
Pote Harinasuta, Chief Executive Officer, One Asset Management, said, “On behalf of OneAM, we are immensely proud to be the first ETF issuer to list a smart-beta ETF under the ASEAN CIS, we thank SGX for the warm reception to your market. Special thanks as well to all our partners who have been involved in making this landmark deal a success, especially to STOXX Limited for constructing the index which employs a smart-beta strategy that forms the basis of ASEAN investing going forward.”
“We are delighted that OneAM has chosen this innovative smart-beta strategy index to mark their first ETF listing in Singapore,” said Shirley Low-Storchenegger, Managing Director, Head of Asia Pacific at STOXX Limited. “The STOXX ASEAN Select Dividend 30 Index represents a unique and transparent tool for market participants who want to take advantage of investing in one of the fastest growing regions in the world and benefit from a dividend strategy based on ASEAN’s 30 top dividend yielding companies.”
Chew Sutat, Head of Equities and Fixed Income, SGX, said, “We thank OneAM for choosing Singapore as its sole listing destination for this ETF, which provides investors with the opportunity to invest in ASEAN’s economic growth while enjoying stable returns from the product’s income-investing strategy. This is a timely listing that provides investors with a convenient and low-cost access to the growing popularity of smart-beta investment strategies.”
SGX offers a diverse suite of more than 80 ETFs, offering exposure to various asset classes (equities, fixed income, commodities and money market) across different geographical markets. For more details on SGX-listed ETFs, please visit sgx.com/etf.
SGX Academy conducts monthly ETF educational sessions, please visit sgx.com/academy for programme schedule and details.
