Subscribe to Lion-OCBC Securities Hang Seng TECH ETF during the Initial Offering Period (IOP) via POEMS 2.0


  1. Login to your POEMS 2.0 account > Acct Mgt > Online Forms > IPO Subscription – Irrevocable Form
  2. Select the IPO that you wished to subscribe for
  3. Ensure that you read and agree to the prospectus, Terms and Conditions before you subscribe to the financial product
  4. Ensure that you have opted in for the Multi Currency facility. Login to your POEMS 2.0 account > Acct Mgt > Online Forms > Currency Conversion
  5. To convert your cash position into HKD; Login to your POEMS 2.0 account > Acct Mgt > Online Forms > Currency Conversion
  6. Application will close on 30 November 2020, 5pm
  7. Ensure that your cash position in your POEMS 2.0 account is sufficient for the settlement of the application (inclusive of subscription amount, commission, transfer fee and GST) on settlement date (2 December 2020, 12pm)
  8. To learn more about the different payment methods, please visit https://www.poems.com.sg/payment/
Subscription Period: 24 November 2020, 9am to 30 November 2020, 5pm
Listing Date: 10 December 2020
Subscription price: HKD  7.75 per unit
Minimum Quantity: Minimum of 1000 units 1000 units incremental subscription amount
Commission Fees: 0.08% or minimum HKD 50 (Subject to GST) for all account types
Transfer Fees: HKD 60 (Subject to GST) for Cash Management Account Type Other Phillip Investment Account Types will not be subjected to the transfer fee charge
Settlement Currency: HKD

Accounts with insufficient HKD credit balances will have their cash holdings in other currencies converted to HKD based on the prevailing exchange rate to settle for the payment of this subscription
Allotment: Full allotment

Lion-OCBC Securities Hang Seng Tech ETF

The Lion-OCBC Securities Hang Seng Tech ETF, which will be listing on SGX, provides local investors with easy and convenient access to 30 of the largest Hong Kong-listed companies with high business exposure to technology themes.

Below are the three reasons to invest in the Lion Global Hang Seng TECH ETF:

  • Diversification Benefits – Exposure to 30 of the largest market cap Hong Kong-listed companies with business exposure to technology themes. A 8% cap is applied on individual security to avoid overweighting any single stock in the index.[1]
  • Growth Potential – Diversified coverage in technological themes such as Internet (including Mobile), FinTech, Cloud Computing, E-commerce and Digital Activities.1
  • IPO Fast Entry – The mechanism enables sizable newly listed technology companies in HKEx to be included in the index in a timely manner without the need to wait until the quarterly review.1
[1] https://www.hsi.com.hk/eng/indexes/all-indexes/hstech
Instrument Type: Exchange Traded Fund (“ETF”)
Tracked Index: Hang Seng TECH Index
Exchange Listing: SGX-ST
Classification: Excluded Investment Products (EIP)*
Fund Currency: HKD
Trading Currency: SGD USD
Dividend Distribution Frequency: Fund Manager may but currently do not make distributions for the Fund*
Expense Ratio: Capped at 0.68% per annum for 2 years from the inception of the Fund*
Manager: Lion Global Investors Limited

*Please refer to the Prospectus for more information.

Key Attributes of the Index  Hang Seng TECH Index
Index Objective* The Hang Seng TECH Index represents the 30 largest technology companies listed in Hong Kong that have high business exposure to technology themes and pass the index’s screening criteria
Number of Holdings* 30
Inclusion Criteria*
  1. Universe –  Includes securities of Greater China companies that are listed on the Main Board of the HKEX, and excludes Foreign Companies and Investment Companies listed under Chapter 21 of HKEX’s Listing Rules
  2. Liquidity Test – Velocity is a minimum of 0.1% for at least 10 out of the past 12 months
  3. Sector – Information Technology, Consumer Discretionary, Industrial, Financial and Healthcare (excludes Biotechnology)
  4. Theme – Cloud, Digital, E-commerce, FinTech and Internet/Mobile
  5. Innovation potential screening – Technology enabled business / R&D expense to sale ratio >= 5% / YoY revenue growth >=10%
 
Sector Allocation*
  1. Information Technology (68.11%)
  2. Industrials (11.85%)
  3. Healthcare (10.72%)
  4. Consumer Discretionary (7.66%)
  5. Financials (1.66%)
As of 30 September 2020
Top 5 Holdings in the Index*
  1. Sunny Optical (8.60%)
  2. Alibaba-SW (8,43%)
  3. Tencent (8.21%)
  4. Meituan-W (7.90%)
  5. Ali Health (7.48%)
As of 30 September 2020

*For more information on Hang Seng TECH Index, please visit https://www.hsi.com.hk/eng/indexes/all-indexes/hstech

Date/Time Title Venue
26 November 2020, Thursday
08:00pm-09:00pm		 The future of technology within your reach today – Lion-OCBC Securities Hang Seng TECH ETF
Webinar

Call your trading representative or visit your nearest Phillip Investor Centres for further assistance.

Alternatively, you can chat with us using our Live Chat function, call us at 6531 1555, or email us at etf@phillip.com.sg to find out how you can participate in this initial offer.
For more information about ETFs, please visit https://www.poems.com.sg/products/etf/

Terms and Conditions

  1. The subscription period for this ETF is from 24 November 2020, 9am to 30 November 2020, 5pm
  2. Online subscription form will close on the 30 November 2020, 5pm. No new application, amendment, and withdrawal are allowed after this deadline
  3. All ledger-based accounts are allowed to subscribe for this ETF
  4. Cash Trading Account (T) is not eligible to participate in this subscription
  5. Only one application is allowed per account
  6. Each ETF unit is priced at HKD 7.75 and minimum order quantity is 1000 units, at incremental order size of 1000 units
  7. Commission fee will be a minimum of HKD 50 or 0.08%, whichever is higher of the application value (Subject to GST)
  8. There will be an additional transfer fee charge of HKD 60 (Subject to GST) per application for Cash Management Account Type
  9. Total Amount Payable are denominated in HKD. Settlement currency will be in HKD
  10. Accounts with insufficient HKD credit balances will have their cash holdings in other currencies converted to HKD based on the prevailing exchange rate to settle for the payment of this subscription
  11. Sufficient funds (inclusive of commission, transfer fee and GST) must be in client’s trading account by 2 December 2020, 12pm
  12. Application will be rejected if the account does not have/reflect sufficient funds after 2 December 2020, 12pm
  13. ETF units will be credited to clients’ CDP or clients’ sub-account with Phillip Securities Pte Ltd by 10 December 2020
  14. Client will receive the full allotment of the number of ETF units that they subscribed to
  15. Client can start trading the ETF units after it is listed on SGX on 10 December 2020, 9am

Investments are subject to investment risks including the possible loss of the principal amount invested. You should read the ETFs’ prospectus and the accompanying product highlights sheets for key features and key risks and seek advice from a financial adviser ("FA") or you should assess and consider whether the ETFs are suitable for you before proceeding to invest in the ETFs. Listing on SGX does not guarantee a liquid market for the units of the ETFs, which may be traded at prices above or below its net assets value or may be suspended or delisted. Unlike unlisted unit trusts, investors cannot create/subscribe or redeem ETF units directly with the fund manager of the ETFs. Please refer to the Prospectus of the ETFs for more details.

Disclaimer

This advertisement is intended for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell the product mentioned. It does not have any regard to your specific investment objectives, financial situation or particular needs. Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the units in any fund and the income from them may fall as well as rise. Past performance figures as well as any projection or forecast used in this advertisement are not necessarily indicative of future or likely performance of any fund. You should read the prospectus of the respective ETFs (which is available on websites of the issuers) and understand their structure and associated risks before deciding to invest. You may wish to obtain advice from a financial adviser before making a commitment to purchase any investment products mentioned herein. In the event that you choose not to obtain advice from a financial adviser, you should consider whether the investment product is suitable for you. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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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