Subscribe to Lion-OCBC Securities Singapore Low Carbon ETF during the Initial Offering Period (IOP) via POEMS 2.0


  1. Using Google Chrome Browser – Log in to your POEMS 2.0 account > Acct Mgt > Online Forms > IPO Subscription – Irrevocable Form
  2. Select the IPO 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 21 April 2022 (Thursday), 5pm
  5. Ensure sufficient cash is present in your POEMS 2.0 account to complete the application process (inclusive of subscription amount, commission, transfer fee and GST) by the settlement date 21 April 2022 (Thursday), 5pm
Subscription Period: 11 April 2022, 9am to 21 April 2022, 5pm
Listing Date: 28 April 2022
Subscription price: SGD 1.00 per unit
Minimum Quantity: Minimum of 1,000 units
1,000 units incremental subscription amount
Commission Fees: 0.08% (Subject to GST) for all account types
Transfer Fees: SGD 10.00 (Subject to GST) for Cash Management Account
Other Phillip Investment Account Types will not be subjected to the transfer fee charge
Settlement Currency: SGD
Trading Currency: Primary: SGD
Secondary: USD
IOP application will be for the SGD units
Allotment: Full allotment

Lion-OCBC Securities Singapore Low Carbon ETF

The investment objective of the Fund is to replicate (as closely as possible, before expenses) the performance of the iEdge-OCBC Singapore Low Carbon Select 50 Capped Index using a direct investment policy of investing in all, or substantially all, of the underlying Index Securities.

The Index is compiled and calculated by the Index Provider and aims to track the top 50 companies [including REITs (Real Estate Investment Trust) and BTs (Business Trusts)] by free-float market capitalisation that are representative of Singapore’s real economy and financial economy, with a focus on index decarbonisation through the reduction of Weighted Average Carbon Intensity (WACI) of the Index. Index decarbonisation is achieved through selection of constituents with minimal involvement in fossil fuels. Implementation of the Carbon Performance Exclusion Criteria ensures the best-in-class selections based on Scope 1 and 2 of the GHG emissions per unit revenue

Source: Extracted from Issuer’s prospectus.

Instrument Type: Exchange Traded Fund (ETF)
Tracked Index: iEdge-OCBC Singapore Low Carbon Select 50 Capped Index
Exchange Listing: SGX-ST
 Classification: Excluded Investment Products (EIP)*
Trading Currency: Primary: SGD
Secondary: USD
Board Lot Size: 1 Units
Dividend Distribution Frequency: NIL
Management Fee and Total Expense Ratio:

Currently 0.40% per annum of the Net Asset Value of the Fund.

Maximum 0.40% per annum of the Net Asset Value of the Fund.

The total expense ratio of the Fund will be capped at 0.45% per annum for 2 years from the inception of the Fund. Any fees and expenses that are in excess of 0.45% per annum of the Deposited Property will be borne by the Manager and not the Fund.

The Manager’s fee is retained by the Manager as the Manager does not pay any trailer fees with respect to the Fund.
Manager: Lion Global Investors Limited

*As of March 2022. Please refer to the Prospectus for more information.

Key Attributes of the Index iEdge-OCBC Singapore Low Carbon Select 50 Capped Index
Index Objective*

The Index is compiled and calculated by the Index Provider and aims to track the top 50 companies [including REITs (Real Estate Investment Trust) and BTs (Business Trusts)] by free-float market capitalization that are representative of Singapore’s real economy and financial economy, with a focus on index decarbonisation through the reduction of the WACI (Weighted Average Carbon Intensity) Index.

Index decarbonisation is achieved through selection of constituents with minimal involvement in fossil fuels, and through the implementation of the Carbon Performance Exclusion Criteria that ensures best-in-class selections based on Scope 1 and 2 of the GHG emissions per unit revenue.

Source: Extracted from issuer’s prospectus
Number of Constituents* 50
Geographical Region*
  • Singapore
Sector Allocation*
  • Real Estate (28%)
  • Banking (23%)
  • Electronic Components and Manufacturing (10%)
  • Telecommunications (8%)
  • Industrial Services (5%)
Top 5 Holdings in the Index*
  1. United Overseas Bank Limited (Singapore) (8.52%)
  2. DBS Group Holdings Limited (8.09%)
  3.  Singapore Telecommunications Limited (7.96%)
  4. Oversea-Chinese Banking Corporation Limited (7.46%)
  5. Flex Limited (4.58%)

*Extracted as of March 2022. For more information on iEdge-OCBC Singapore Low Carbon Select 50 Capped Index, please visit: https://api2.sgx.com/sites/default/files/2022-03/iEdge%20Low%20Carbon%20Index%20Suite%20Factsheet_0.pdf

Join us at our webinar to learn more about this ETF

12 April 2022 (Tuesday)
7.00pm to 8.00pm
Join here

19 April 2022 (Tuesday)
7.00pm to 8.00pm
Join here

Contact your trading representative for further assistance.

Alternatively, you can email us at etf@phillip.com.sg to find out how you can participate in this initial offer.

For more information on how to transfer funds to your POEMS account, please visit https://www.poems.com.sg/payment/

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 11 April 2022, 9.00am to 21 April 2022, 5.00pm.
  2. Online subscription will close on 21 April 2021, 5.00pm. No new application, amendment, or withdrawal is allowed after this deadline.
  3. Cash Plus, Cash Management (KC), Prepaid (CC), Custodian (C), Margin (M) and Share Financing (V) 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 SGD 1 and the minimum order quantity is 1,000 units, at incremental order size of 1,000 units.
  7. Commission fee is 0.08%, (Subject to GST).
  8. There will be an additional transfer fee charge of SGD 10 (Subject to GST) per application for Cash Management Account.
  9. The total amount payable is denominated in SGD. Settlement currency will be SGD.
  10. Sufficient funds (inclusive of commission, transfer fee and GST) must be in the client’s trading account by 21 April 2022, 5.00pm.
  11. Application will be rejected if the account does not have/ reflect sufficient funds by 21 April 2022, 5.00pm.
  12. ETF units will be credited to the clients’ CDP or clients’ sub-account with Phillip Securities Pte Ltd by 28 April 2022, 9am.
  13. Clients will receive the full allotment of the number of ETF units they subscribe to.
  14. Clients can start trading the ETF units when the ETF is listed on SGX on 28 April 2022, 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.

Investors cannot redeem the units with the manager for the scheme or may only redeem units with the manager for the scheme under certain specified conditions. Listing of the units does not guarantee a liquid market for the units.

Disclaimer

This advertisement is intended for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell the investment product mentioned. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of your acting based on this information.

Investments are subject to investment risks including the possible loss of the principal amount invested.

The value of the units in any f und and the income from them may f all as w ell as rise. Past performance figures as w ell as any projection or forecast used in this publication are not necessarily indicative of future or likely performance of any f und. Any advice contained in this publication is made only on a general basis and is subject to change without notice. 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 qualified financial adviser, pursuant to a separate engagement, before making a commitment to purchase any of the investment products mentioned herein. In the event that you choose not to obtain advice from a qualified financial adviser, you should assess and consider whether the investment product is suitable f or you before proceeding to invest and we do not offer any advice in this regard unless mandated to do so by w ay of a separate engagement.

While care has been taken to ensure the accuracy of the information in this document, PSPL and its affiliates make no warranty as to the accuracy, completeness, merchantability or fitness f or any purpose, of the information contained in this document or as to the results obtained by any person from the use of any information or investment product mentioned in this document. PSPL reserves the right to make changes to such information from time to time. Any change, omission or error in such information, shall not form the basis f or any claim, demand or cause of action against PSPL or any of its affiliates and PSPL and its affiliates expressly disclaim liability f or the same. PSPL and its affiliates do not endorse and have no liability f or any statements, opinions or information disseminated by the ETF issuers, which are not part of PSPL or its affiliates.

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