The Lion-Phillip S-REIT ETF has launched its initial offer period (IOP), and will target the demand for high-yielding products from Singapore retail investors,
The fund, which will list on the Singapore Exchange on 30 October as the third REIT-related ETF in the country, launched its IOP on 2 October.
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.
The Lion-Phillip S-REIT ETF will track the Morningstar Singapore REIT Yield Focus Index, and will be the only ETF in the world to exclusively track the Singapore REITs market.
In an exclusive interview, Bryan Lim, Senior Manager, Asian Equities at Lion Global Investors, told REITsWeek why the ETF has decided to track the Morningstar index, instead of the other S-REIT indexes.