There is a new ETF coming to town; the Phillip SING Income ETF (the ETF) and it is scheduled to be listed on the Singapore Exchange on 29 October 2018. From the product highlights sheet (see link at References below), this is what we know of the ETF:
- It replicates, as closely as possible, to the Morningstar Singapore Yield Focus Index (the Index).
- The ETF is suitable for investors who want capital growth and regular income in the form of dividends, with an indexed approach.
- The investment strategy used by the ETF manager would be the replication strategy (i.e. investing in the Index’s underlying securities in their actual proportions). However, a representative sampling strategy (i.e. non-Index component securities with a high correlation/similar valuation/market capitalisation to the actual Index securities may be included) would be employed to track the index more efficiently.
- Semi-annual distributions in June and December or ...
