LGI, CMF to list CSI Dividend Index ETF on SGX
It will be LGI’s eighth ETF and third China-focused ETF.
Lion Global Investors (LGI) and China Merchants Fund Management (CMF) will list the Lion-China Merchants CSI Dividend Index ETF on the Singapore Exchange (SGX) at $1 per unit.
It will be LGI’s eighth ETF and third China-focused ETF which aims to track the performance of the CSI Dividend Index.
The Initial Offering Period (IOP) is from 10 March until 24 March 2025. During the IOP, investors may subscribe to the ETF through OCBC ATMs and internet banking.
Interested parties may also subscribe through participating dealers including iFAST Financial, OCBC Securities, Phillip Securities, Maybank Securities and Tiger Brokers.
According to Bloomberg, the CSI Dividend Index delivered total returns of 12.3% in 2024. The four dividend-paying ETFs from Lion Global Investors’ ETF range currently account for 55% of LGI’s total ETF assets under management of $1.32b as of 3 March 2025.
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