One AM launches Stoxx ASEAN Select Dividend ETF on SGX

Apr 4th, 2017 | By | Category: ETF and Index News

Thailand’s largest ETF issuer One Asset Management (OneAM) has launched the One Stoxx ASEAN Select Dividend ETF on Singapore Stock Exchange, marking the first time the firm has listed an ETF in the country.

One AM launches Stoxx ASEAN Select Dividend ETF on SGX

The One Stoxx ASEAN Select Dividend ETF tracks high dividend stocks from six ASEAN countries.

It is also the first ETF to be listed via ASEAN’s Collective Investment Schemes (CIS), the cross-border fund passporting framework that includes Singapore, Malaysia and Thailand. The initiative allows fund managers operating in the three nations to distribute fund products across borders to retail investors.

The ETF tracks the Stoxx ASEAN Select Dividend 30 Index, which employs a smart-beta strategy to uncover the top 30 companies from six ASEAN (Association of South East Asian Nations – Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam) countries based on dividend yield, excluding those with low tradability and poor dividend sustainability. There is a balanced number of constituents from each country, to avoid any one country dominating the index.

Pote Harinasuta, CEO, One AM, commented: “On behalf of OneAM, we are immensely proud to be the first ETF issuer to list a smart-beta ETF under the ASEAN CIS, we thank SGX for the warm reception to your market. Special thanks as well to all our partners who have been involved in making this landmark deal a success, especially to Stoxx Limited for constructing the index which employs a smart-beta strategy that forms the basis of ASEAN investing going forward.”

“We are delighted that OneAM has chosen this innovative smart-beta strategy index to mark their first ETF listing in Singapore,” added Shirley Low-Storchenegger, managing director, head of Asia Pacific at Stoxx. “The Stoxx ASEAN Select Dividend 30 Index represents a unique and transparent tool for market participants who want to take advantage of investing in one of the fastest growing regions in the world and benefit from a dividend strategy based on ASEAN’s 30 top dividend yielding companies.”

SGX now offers a diverse suite of more than 80 ETFs, offering exposure to various asset classes (equities, fixed income, commodities and money market) across different geographical markets.

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