SGX adds dividend-focused ETF under SSE-SGX ETF Link
The new addition brings the AUM of SGX’s 48 ETFs to $13.7b as of March 24.
SGX Securities has listed Lion-China Merchants CSI Dividend Index ETF under the SSE-SGX ETF Link.
SSE-SGX ETF Link is a collaboration between SGX Group and the Shanghai Stock Exchange (SSE).
The ETF provides investors with access to a diversified portfolio of dividend-paying stocks. It is managed by Lion Global Investors (LGI).
In addition, the ETF is also designed to mirror the performance of the China Merchants CSI Dividend Index ETF listed on the SSE.
The CSI Dividend Index comprises the 100 highest-ranked stocks listed in Shanghai and Shenzhen, based on their consistent dividend payments over the past three years.
With this ETF listing, the total number of ETFs on SGX has reached 48, with combined assets under management (AUM) of $13.7b as of 24 March.
“The Lion-China Merchants CSI Dividend Index ETF will provide both domestic and international investors with the opportunity to participate in the growth and dividend yields of high-quality A-share listed companies,” Sun Mingxia, deputy general manager of China Merchants Fund Management said.