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02-10-2017, 03:03 PM
Lion-Phillip S-REIT ETF commences IPO at $1 per unit
By: Michelle Zhu
02/10/17, 01:10 pm
SINGAPORE (Oct 2): Asset management companies Lion Global Investors and Phillip Capital Management have announced the launch of their jointly-owned and managed exchange-traded fund (ETF), Lion-Phillip S-REIT ETF with an initial public offering (IPO) of $1 per unit.
The fund intends to declare dividends every Feb and Aug, and will conduct rebalancing semi-annually in June and Dec.
Its IPO opened this morning at 9am, and will close on Oct 20 at 11am.
Lion Global Investors and Phillip Capital Management are the manager and sub-manager of the fund, respectively.
In a joint release issued on Monday, the two entities say their new fund represents Singapore’s first ETF to solely focus on Singapore Real Estate Investment Trusts (S-REITs), with 23 S-REITs as at end-Aug.
More details in https://www.theedgesingapore.com/investi...ipo-1-unit
By: Michelle Zhu
02/10/17, 01:10 pm
SINGAPORE (Oct 2): Asset management companies Lion Global Investors and Phillip Capital Management have announced the launch of their jointly-owned and managed exchange-traded fund (ETF), Lion-Phillip S-REIT ETF with an initial public offering (IPO) of $1 per unit.
The fund intends to declare dividends every Feb and Aug, and will conduct rebalancing semi-annually in June and Dec.
Its IPO opened this morning at 9am, and will close on Oct 20 at 11am.
Lion Global Investors and Phillip Capital Management are the manager and sub-manager of the fund, respectively.
In a joint release issued on Monday, the two entities say their new fund represents Singapore’s first ETF to solely focus on Singapore Real Estate Investment Trusts (S-REITs), with 23 S-REITs as at end-Aug.
More details in https://www.theedgesingapore.com/investi...ipo-1-unit
Specuvestor: Asset - Business - Structure.