Lion-China Merchants CSI Dividend Index ETF

Initial Offering Period (IOP) from 10 to 21 March 2025

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More About the Lion-China Merchants CSI Dividend Index ETF

The Index comprises 100 Shanghai-listed or Shenzhen-listed A shares with (i) high cash dividend yields, (ii) stable dividends and (iii) a certain scale and liquidity, weighted based on their dividend yields to reflect the overall performance of the high-dividend stocks in the A-share market.

Why Invest in the Lion-China Merchants CSI Dividend Index ETF

Consistent

The index focuses on companies with a proven track record of consistent dividend payments for at least the past three years

Steady

Companies are selected based on their robust financial health. These companies typically have strong cash flows and high free cash flow to dividend coverage ratios.

Income

This ETF provides investors with access to a diversified portfolio of dividend-paying stocks, creating a passive income stream

Why Invest in China?

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China is too big to ignore

  • As of 2024, China is the world’s second largest economy and the largest economy in the Asia-Pacific

  • China’s real GDP continues to grow faster than US’ and is projected to outpace both global and Asia-Pacific economies

China equities currently look attractive

  • China’s 10-year yield is at an all-time low of 1.67% as of 31 Dec 2024

  • A low risk-free rate is driving up the equity risk premium, making Chinese equities more attractive than bonds and US stocks

China’s commitment to stimulate economy

  • The government is implementing proactive measures, stimulating the economy through monetary, housing, and fiscal policies

Top 10 Index Constituents

How to Subscribe to the ETF During the IOP via POEMS 2.0

  1. Log in to your POEMS 2.0 , then navigate to ‘Account Management’ > ‘Online Forms’ > ‘IPO Subscription – Irrevocable Form’ or click here.
  2. Select the IPO you wish to subscribe to.
  3. Review and accept the prospectus, terms, and conditions before subscribing to the financial product.
  4. Applications close at 5pm on 21 March Fri 2025.
  5. Ensure sufficient funds are available in your POEMS Account to complete the application process (including the subscription amount, transfer fees, and GST) by 21 March Fri 2025 at 5pm.
Pitch Book
Prospectus

Seminars Lineup

IOP Subscription Details
Subscription Period10 March 2025 to 21 March 2025
Listing Date28 March 2025
Subscription PriceSGD 1.00 per unit
Minimum Quantity1,000 units
Commission FeesZero Commission
Transfer FeesS$10.00 (subject to GST) for Cash Management Account. Other Phillip Investment Account Types will not be subject to transfer fee charge.
Trading CurrencySGD
AllotmentFull Allotment
Key Information
ETF NameLion-China Merchants CSI Dividend Index ETF
Underlying IndexCSI Dividend Index
Issue PriceSGD 1.00 per unit
Initial Offer Period (IOP)10 March 2025 to 21 March 2025
Listing Date28 March 2025
Base CurrencySGD
Trading CurrencySGD, CNH
SGX CodeINC (SGD), ICH (CNH)
Trading Board Lot Size1 unit
Management Fee

0.50%per annum^

^Up to a maximum of 0.99% per annum of the Net Asset Value of the Fund

Distribution PolicyAnnual
Replication StrategyDirect Replication or Representative Sampling
Classification StatusExcluded Investment Product
  1. The subscription period for Lion-China Merchants CSI Dividend Index ETF (“ETF”) is from 10 March 2025, Monday at 9am to 21 March 2025, Friday at 5pm 
  2. The online subscription will close on 21 March 2025 at 5pm. No new applications, amendments, or withdrawals are allowed after this deadline. 
  3. Eligible Accounts to subscribe for the ETF must be Cash Plus, Margin (M), Custodian (C), Prepaid Custodian (CC), Cash Management (KC) and Share Financing (V) Accounts.  Cash Trading Accounts (T) are not eligible to participate in this subscription. 
  4. An additional transfer fee charge of S$10 (subject to GST) per application for Cash Management Accounts will be applicable. 
  5. Only one application is allowed per Account. 
  6. Each ETF unit is priced at SGD 1 and the minimum order quantity is 1,000 units, with an incremental order size of 1,000 units. 
  7. There are zero commission fees. 
  8. The total amount payable is denominated in SGD. The settlement currency will be in SGD. 
  9. Sufficient funds (including transfer fee and GST) must be present in the Customer’s Account by 21 March 2025 at 5pm.
  10. Applications will be rejected if the Account does not have or reflect sufficient funds after 21 March 2025 at 5pm. 
  11. ETF units will be credited to the clients’ CDP or clients’ sub-account with Phillip Securities Pte Ltd by 28 March 2025.
  12. Customers will receive the full allotment of the number of ETF units that they subscribe to. 
  13. Customers can start trading the ETF units when the ETF is listed on SGX on 28 March 2025 at 9am. 
  14. Notwithstanding anything herein contained, PSPL reserves the right at any time in its absolute discretion to (i) amend, add and/or delete any time of these Terms & Conditions without prior notification (including eligibility and qualifying terms and criteria), and all participants shall be bound by such amendments, additions and/or deletions when effected, or (ii) vary, withdraw, or cancel any items or the promotion without having to disclose a reason thereof and without any compensation or payment whatsoever. PSPL’s decision on all matters relating to the promotion shall be final and binding on all participants. 
  15. In the event of a dispute over the client’s eligibility to participate in this Promotion, PSPL’s decision will be final. PSPL shall not be obliged to give any reason on any matter concerning the Promotion and no correspondence or claims will be entertained. 
  16. By taking part in this promotion, the customer acknowledges that he/she has read and consented to these Terms & Conditions. 
  1. Customers will receive a S$12 cash credit for every S$5,000 subscribed into the Lion-China Merchants CSI Dividend Index ETF, provided they successfully fulfill a one-month holding period after the listing date. 
  2. The Campaign Period runs from 10 March 2025, Mon at 9.00am to 21 March 2025,  Fri at 5.00pm.
  3. The Cash Credit is capped at S$600 per POEMS account.
  4. The Cash credits is to be provided to the first 500 eligible clients of PSPL who invest in the ETF during the IPO.
  5. The Cash Credit will be credited to your account within one month following the one-month holding period from the listing date (Listing Date: 28 March 2025).
  6. Notwithstanding anything herein contained, PSPL reserves the right at any time in its absolute discretion to:
    • (i) Amend, add, or delete any of these Terms & Conditions without prior notice (including eligibility and qualifying terms and criteria), and all participants shall be bound by such amendments, additions and/or deletions when effected; or
    • (ii) Vary, withdraw, or cancel any items or the promotion without having to disclose a reason thereof and without any compensation or payment whatsoever. PSPL’s decision on all matters relating to the promotion shall be final and binding on all participants.
  7. In the event of a dispute regarding a client’s eligibility to participate in this Promotion, PSPL’s decision will be final. PSPL shall not be obligated to give any reasons on any matter concerning the Promotion, and no correspondence or claims will be entertained.
  8. By taking part in this promotion, the customer acknowledges that he/she has read, understood, and consented to these Terms & Conditions.

Events Lineup

Riding China’s Rise: Unlocking Dividends as a Staple

10 Mar, Mon 2025 07:00 PM - 08:00 PM

Mr Ong Xun Xiang | Head of ETFs | Lion Global Investors

Phillip Investor Centre @ Raffles City Tower

Riding China’s Rise: Unlocking Dividends as a Staple

10 Mar, Mon 2025 07:00 PM - 08:00 PM

Mr Ong Xun Xiang | Head of ETFs | Lion Global Investors

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Contact us to Open an Account

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IMPORTANT INFORMATION

This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  

 

Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com