Phillip Capital introduces its first ETF
- Phillip SGX APAC Dividend Leaders REIT ETF will have an initial offer priod from 5 - 13 Oct at an indicative issue price of US$0.88 to US$1.10 ($1.188-$1.485)
- ETF to make dividend distributions semi-annually and will track the recently launched SGX APAC Ex-Japan Dividend Leaders REIT Index
- Index comprises of top 30 REITs across APAC ranked according to the total trailing 12-month dividend paid; it represents 70% of the region's REITs by total market cap
- Index also takes into account the REIT's size, free float and liquidity
- ETF to trade from 20 Oct in SGD and USD
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