The folks at Phillip Capital Management invited financial bloggers to a session where they introduced us to this ETF which just ended its offering period yesterday to quite a red-hot reception from investors. Many other bloggers are talking about this ETF, so I will just say a few words about this new product. Let's start with the negatives : a) Dividend yield of 4.5-5% does not make my heart sing. The fund is not really attractive for high yield investors in a market where a REIT like Fraser Hospitality Trust can give more than 8%  when bought directly from SGX. However, management has asserted that it is reasonable to expect about 5% growth in dividends over time, which makes this REIT more attractive to investors who are not so much looking at dividend yields but dividends growth. b) Expense ratio of 0.65%is on the high side for an ......