Singapore to witness launch of locally dedicated Lion-Phillip S-REIT ETF

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Asset management company Lion Global Investors Limited has teamed up with Phillip Capital to launch an SGD-denominated exchange traded fund (ETF) that will track the performance of the Singapore REIT market.

Known as the Lion-Phillip S-REIT ETF, the fund will be the third REIT-linked ETF to list on the Singapore Exchange (SGX).

The two other Singapore-listed REIT ETFs listed earlier in March 2017 and October 2016 are namely the Nikko AM – Straits Trading Asia ex Japan REIT ETF, and the Phillip SGX APAC Dividend Leaders REIT ETF respectively.

Read: Singapore REIT ETFs: Nikko AM-Straits Trading and Phillip-SGX APAC REIT ETFs compared

According to a prospectus filed with the Monetary Authority of Singapore, the Lion-Phillip S-REIT ETF will track the Morningstar Singapore REIT Yield Focus Index.

The index is compiled and calculated by Morningstar and was first established in June 2010.

As such, the Lion-Phillip S-REIT ETF will be the only ETF to track the Singapore REIT market exclusively, unlike the the two other funds which contain a mix of Malaysian, Hong Kong and Australian REITs.

The issue price of each unit in the Lion-Phillip S-REIT ETF during the initial offer period is SGD1.00, and investors may only apply for a minimum of 50,000 units, in multiple increments of 1,000 units.

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About Author

Ridzwan Rahmat has been analysing Singapore-listed REITs and business trusts, since 2008. For disclosure purposes, Ridzwan is currently vested in Mapletree Greater China Commercial Trust, Mapletree Industrial REIT and Mapletree Logistics Trust.

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