Initial Offer Period (IOP) from 11 April to 2 May 2024

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  1. Login to your POEMS 2.0 account > Acct Mgt > Online Forms > IPO Subscription – Irrevocable Form
  2. Select the IPO that you wish to subscribe to
  3. Read and agree to the prospectus, terms and conditions before subscribing to the financial product
  4. Application closes on 2 May 2024, Thursday at 5pm
  5. Ensure sufficient cash is present in your POEMS account to complete the application process (inclusive of subscription amount, transfer fee and GST) by the settlement date on 2 May 2024, Thursday at 5pm
Subscription Period

11 April – 2 May 2024

Listing Date

13 May 2024

Subscription price

S$ 1.00

Minimum Quantity

1,000 units

Commission Fees

Zero 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
Settlement CurrencyS$
Trading CurrencyS$, US$
AllotmentFull Allotment
ETF NameLion-OCBC Securities APAC Financials Dividend Plus ETF
Underlying IndexiEdge APAC Financials Dividend Plus Index
Issue PriceS$ 1.00 per unit
Target Listing Date13 May 2024
Initial Offer Period (IOP)11 April 2024 to 2 May 2024
Base CurrencyS$
Trading CurrencyS$ and U$
SGX CodeYLD (S$) and YLU (US$)
Bloomberg TickerFINSGD SP (SG$) and FINUSD SP (US$)
Trading Board Lot Size1 unit
Management Fee0.50% per annum
Dividend Policy^First 2 years: Quarterly distribution (min 5% pa of the Issue Price) in every March, June, September and December. First distribution expected in September 2024.
Year 3 onwards: Intend to declare quarterly distributions of around 5% pa of the SGD Class NAV less the expenses of the Class in every March, June, September and December.
Replication StrategyDirect Replication or Representative Sampling
Classification StatusExcluded Investment Product


Promotion

Receive up to S$500 Cash Credit to Your POEMS Account when you subscribe to the Lion-OCBC Securities APAC Financials Dividend Plus ETF

  • Clients will receive $20 cash credit for every $10,000 subscription into Lion-OCBC Securities APAC Financials Dividend Plus ETF


About the ETF

  • The iEdge APAC Financials Dividend Plus Index aims to track the 30 largest and most tradable companies listed in Asia Pacific and is designed to provide access to stable dividend payout attributes and growth in the financial sector
  • The index universe includes financial institutions listed in Australia, Hong Kong, Japan, Singapore, Korea, Indonesia, Malaysia and Thailand

For more information about the ETF, please check on the Pitch Book and Brochure below.

Overview: Lion-OCBC Securities APAC Financials Dividend Plus ETF

Check out more information of the ETF via the “Pitch Book” and “Brochure” below.

Pitch Book
Brochure

Why the Financial Sector?

  • It continues to prosper through the centuries
  • It is an essential capital provider for economies worldwide
  • It provides products/services for the growth, storage or transaction of money and assets
  • Beyond Banks, there are Investment Management, Insurance, Brokerages & Exchanges

Why APAC Financials?

^,*,# – Please refer to Pitch Book page 23

  • Financial services are among the world’s most profitable sectors, generating US$ 12.5 trillion revenue globally in 2022
  • 55% of adults in the Asia Pacific are underbanked (aduls without a credit card), which represents the largest proportion across regions
  • APAC banks can further grow further by serving the underbanked in developing in Asia

  • The APAC financials sector is a diversified mix of developed (e.g. Australia, HK, Japan, SG) and developing markets (e.g. Indonesia, Malaysia, Thailand)
  • APAC banks typically pay high dividends, laying the foundation for stable dividend income

  • Based on % of 2022 GDP, APAC savings rate is higher than the world average savings rate of 24.7%
  • Within Asia Pacific, ASEAN and Singapore are the key drivers behind high savings rates
  • Out of the world’s top 30 banks by market cap, 13 are APAC banks

  • Capital-light models use less balance sheet but yield higher ROE and net income
  • In 2017-23, transactions used 16% of capital but generated 33% of profits#
  • Financial institutions are embracing digital transformation (e.g., AI, data analytics) to be capital-light.
  • According to the DBS Annual Report 2022, “Digital customers are consistently more valuable with an increasing share of income, sustained higher income per customer, better efficiency and higher returns.”

  • The life insurance industry in Asia-Pacific (APAC) was the world’s largest in 2021, with five Asian countries featuring among the top 10 global markets by written premiums
  • From 2021-26, China, India, Hong Kong and Singapore are expected to maintain a Compound Annual Growth Rate (CAGR^) of 5% to 10%*. Singapore’s life insurance industry# is expected to exceed S$100.4 billion in 2027
  • From 2021-26, emerging markets in APAC such as Indonesia, Thailand and Malaysia are expected to grow at CAGR of 5% to 22%# respectively

  • Banks grouped along the Indian Ocean crescent* (stretching from Singapore, India to East Africa) are home to half of the world’s best-performing banks
  • In the next decade, more APAC banks are expected to join the top global 100 banks#
  • Global wealth is expected to surpass US$500 trillion in 2024#, nearly five times the global GDP. The biggest wealth source is from APAC (~40%)


Seminars & Webinars

16 Apr, Tue
12:00pm-01:00pm		 Income and Growth: The Attractive Power Duo Behind APAC Financials

Ong Xun Xiang | ETF Business Lead | Lion Global Investors

 Webinar
22 Apr, Mon
01:00pm-02:00pm		 Income and Growth: The Attractive Power Duo Behind APAC Financials

Ong Xun Xiang | ETF Business Lead | Lion Global Investors

 Presentation Room #06-00, Raffles City Tower 250 North Bridge Road Singapore, 79101
24 Apr, Wed
07:00pm-09:00pm		 Income and Growth: The Attractive Power Duo Behind APAC Financials

Mr Ong Xun Xiang | ETF Business Lead | Lion Global Investors & Mr Ziv Chin | Product Specialist | OCBC Securities & Mr Geoff Howie | Market Strategist | SGX Group & Mr Kang Wei Chin | ETF Product Manager | SGX Group

 SGX Auditorium, Level 2 SGX Centre 1, 2 Shenton Way Singapore 068804
29 Apr, Mon
06:30pm-07:30pm		 Income and Growth: The Attractive Power Duo Behind APAC Financials

Ong Xun Xiang | ETF Business Lead | Lion Global Investors

 Webinar


Terms and Conditions

  1. The subscription period for Lion-OCBC Securities APAC Financials Dividend Plus ETF (“ETF”) is from 11 April 2024, Thursday at 9am to 2 May 2024, Thursday at 5pm
  2. The online subscription will close on 2 May 2024 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 S$1 and the minimum order quantity is 1,000 units, with an incremental order size of 1,000 units.
  7. There are zero commission fees.
  8. The total amount payable is denominated in S$. The settlement currency will be in S$.
  9. Sufficient funds (including transfer fee and GST) must be present in the Customer’s Account by 2 May 2024 at 5pm
  10. Applications will be rejected if the Account does not have or reflect sufficient funds after 2 May 2024 at 5pm.
  11. ETF units will be credited to the clients’ CDP or clients’ sub-account with Phillip Securities Pte Ltd by 13 May 2024.
  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 13 May 2024 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 S$20 cash credit for every S$10,000 subscription into Lion-OCBC Securities APAC Financials Dividend Plus ETF, and successful subscribers to fulfill 1 month holding period after the listing date.
  2. The Campaign period is from 11 April 2024, Thursday at 9am to 2 May 2024, Thursday at 5pm.
  3. The Cash Credit is capped at S$500 per POEMS account.
  4. The Cash Credit will be credited to your Account in one month after the listing date.
  5. 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.
  6. 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.
  7. By taking part in this promotion, the customer acknowledges that he/she has read and consented to these Terms & Conditions.

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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