LionGlobal came up with this new ETF called the
APAC Financials Dividend Plus ETF.
The APAC Financial Dividend ETF is the most obvious ETF that should have existed, but no one has come up with it until now.
- Singapore investors has this idea that the only companies that is worth invested in are the banks of Singapore (OCBC, UOB and DBS)
- Singaporeans favour dividends.
So, add a few more banks and come up with an ETF with both Financials and Dividend in the name.
You can see the marketing. Payout four times a year and a minimum of 5% dividend yield!
Then they add a 1 on top and say the distributions not guaranteed and can be made up based on capital gains.
I think give it enough time and our advisers will have quite a few clients asking them “What do you think of this APAC Financials Dividend ETF? Do you think it is a good idea to invest in it?”
I don’t know, but I do think it is more diversified than investing only in three banks....
