UOB Asset Management launches world’s first APAC green REIT ETF

The ETF attracted more than $80m in assets.

UOB Asset Management announced the listing of the UOB APAC Green REIT ETF, attracting more than $80m in assets during the initial offering period, which ended on 18 November.

This is also the world’s first ETF that aims to allow individuals to invest in quality repent REITS across the Asia Pacific.

The ETF also aims to replicate the success of the recently launched iEdge-UOB APAC Yield  Focus Green REIT Index, done in partnership with SGX and GRESB. 50 higher-yielding REITs across APAC are tracked by the index. Evaluation of these REITS is based on data from GRESB on their environmental performance.

“The impact of the sustainability megatrend is wide-ranging, from economies to businesses and individuals. The call for action continues to accelerate, reinforcing the urgency for collective efforts. Green real estate will be a huge driver in the transition to a lower-carbon economy, with tremendous growth potential and investment opportunities. We are honoured to partner SGX and GRESB in the world’s first Asia Pacific green REIT ETF and will continue to play our role as a catalyst and enabler in steering wealth to sustainable investments,” said UOB Deputy Chairman and CEO Wee Ee Cheong.

REITS featured in the UOB APAC Green REIT ETF are spread across Australia, Hong Kong, Japan, and Singapore.

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