What is Phillip SING Income ETF (SGX: OVQ)

Phillip SING Income Exchanged Traded Fund (ETF) is Phillip Capital’s Third Exchanged Traded Fund.

The other Exchange Traded Funds by Phillip Capital are:

Lion- Phillip S-REIT ETF Phillip SGX APAC Dividend Leaders REIT ETF What is an Exchange Traded Fund (ETF)? An ETF is a passively managed investment fund which is traded on the stock market Passively managed because it just tracks the index (for example, buys the top 30 companies based on a certain allocation) hence lower fees Traded on stock market indicates that it has high liquidity of buyers and sellers, which is a good thing for investors What does Phillip SING Income even mean?

Here is some information on Phillip SING Income:

Tracks the Morningstar Singapore Yield Focus Index Here’s how the Morningstar Singapore Yield Focus Index is constructed:
First:
Selection UniverseSecond:
Factor Scores CalculationForming the Morningstar Singapore Yield Focus Index Securities whose primary