Recently, OCBC has been promoting their Lion-OCBC Securities APAC Financials Dividend Plus ETF which is the world’s first APAC Financials ETF. As the name implies, the ETF investment focus is on 30 largest financial institutions by free-float market capitalisation. Based on the prospectus, the ETF aims to payout stable quarterly distribution of minimum 5% per annum of the issue price (S$1 per unit) for first 2 years. From year 3 onwards, the ETF intend to declare quarterly distributions of around 5% per annum of the SGD Class NAV less the expenses of the Class in every March, June, September and December. Distributions are not guaranteed and may fluctuate. What is ETF? If you are not familiar with ETF, an Exchange-Traded Fund (ETF) is a pooled investment security that can be bought and sold like an individual stock. Lion-OCBC Securities APAC Financials Dividend Plus ETF will be listed on the SGX on Monday, 13th May 2024. The stock code is YLD for the...