China, the second largest economy and second largest stock market in the world, is now an economic powerhouse too big to be ignored. Home to a plethora of well-known brands and companies such as Tencent, Xiaomi and Ping An Insurance who are emerging as global leaders in their respective industries, China companies are now making their presence and impact felt internationally.
Investors who are keen to capitalise on investment opportunities presented by China’s growth, or are interested to diversify their portfolios with the inclusion of China stocks, can now do so easily and affordably via the Singapore Exchange with the upcoming listing of Lion-OCBC Securities China Leaders ETF.
Introducing the Lion-OCBC Securities China Leaders ETF
The Lion-OCBC Securities China Leaders ETF offers investors easy access to 80 largest Chinese companies in terms of market capitalisation listed in Hong Kong and/or mainland China that are eligible for Northbound or Southbound trading under the Stock Connect schemes.
The ETF aims to replicate the performance of the Hang Seng Stock Connect China 80 Index.
Key ETF Information
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Benchmark |
Hang Seng Stock Connect China 80 Index |
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Number of holdings |
80 |
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Dividend Distribution |
SGD Class Units: Annual distribution at Issuer’s discretion |
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Composition |
The composition of the Index may also change if one of the constituent companies were to delist its securities or if a new eligible company were to list its securities and be added to the Index. If this happens, the weighting or composition of the Index Securities invested by the Fund would be changed as considered appropriate by the fund in order to achieve the investment objective. |
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10 largest constituents in the index (as at 4 June 2021) |
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Manager / Trustee |
Lion Global Investors Limited/ HSBC Institutional Trust Services (Singapore) Limited |
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Management Fee |
Currently at the rate of 0.45% per annum of the Net Asset Value |
ETF Listing and Trading Information
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Listing Date |
2 August 2021 on the Singapore Exchange |
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Lot Structure |
10 units per lot |
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SGX Trading Name & Stock Code |
Primary Currency: Lion-OSPL China L S$ (YYY) Lion-OSPL China L RMB (YYR) |
Application Information
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IOP Open Date |
12 July 2021 |
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IOP Application Close Date |
27 July 2021 5pm |
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Minimum Application size |
1,000 units and in multiples of 1,000 units |
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Subscription Price Lion-OSPL China L S$ (YYY) |
SGD 2.00 per unit[1] |
How to Buy
1. Clients to fund their Multi-Currency Cash Account for the total subscription amount including the processing fees and GST of 7%.
2. Login to FSMOne.com and proceed to subscribe online:
· Select Live Trading > Stocks > Subscribe for IPOs
· Indicate your quantity of shares
· Read and acknowledge the declaration
· Key in password and click submit
3. Upon the completion of the IOP subscription, clients will receive an acknowledgment email regarding the IOP subscription order.
4. Upon the completion of the allocation, we will notify clients of the final allocation results.
5. FSMOne will send clients a subscription confirmation email once the details are confirmed by our dealers.
6. The allotment for this issue will be in full, subject to receipt and clearance of subscription monies. There will be no balloting.
Click Here to Go to the Prospectus and Product Highlight
Other important notes:
· IOP subscription fee: 0.08% + GST on the subscription amount
· Please note that after confirming your order placement (with the investment amount in Cash Account), your subscription / application cannot be cancelled.
Terms and Conditions:
1. This offering is open from 12 July 2021 to 27 July 2021. To be eligible, orders must be placed before 5pm on 27 July 2021.
2. The subscription must meet the minimum investment amount as set out above.
3. CPFIS-OA, CPFIS-SA, SRS and RSP transactions are not eligible.
4. iFAST reserves the right to amend the Terms and Conditions without prior notification. All matters and disputes will be subject to the final decision of the company.
If you have any questions, please contact our client service hotline at +65 6557 2853.
[1] The Issue Price of each Unit during the Initial Offer Period is S$2.000 (for SGD Class Units) (or such other amount as may be determined by us from time to time with the prior approval of the Trustee).
All materials and contents found in this site are strictly for general circulation and informational purposes only and should not be considered as an offer, or solicitation, to deal in any of the funds or products found/identified in this site. While iFAST Financial Pte Ltd ("IFPL") has tried to provide accurate and timely information, there may be inadvertent delays, omissions, technical or factual inaccuracies and typographical errors. Any opinion or estimate contained in this report is made on a general basis and neither IFPL nor any of its servants or agents have given any consideration to nor have they or any of them made any investigation of the investment objective, financial situation or particular need of any user or reader, any specific person or group of persons. You should consider carefully if the products you are going to purchase are suitable for your investment objective, investment experience, risk tolerance and other personal circumstances. If you are uncertain about the suitability of the investment product, please seek advice from a financial adviser, before making a decision to purchase the investment product. Past performance is not indicative of future performance. The value of the investment products and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. In respect of any matters arising from, or in connection with the said research analyses or research reports, recipients of the report are to contact IFPL at 10 Collyer Quay, #26-01 Ocean Financial Centre Building, Singapore 049315, or by telephone at +65 6557 2853. Where the report contains research analyses or research reports from a foreign research house and if the recipient of such research analyses or research reports is not an accredited investor, expert investor, institutional investor or an ex-accredited investor, IFPL accepts legal responsibility for the contents of such analyses or reports to such persons only to the extent as required by law. Please note that only certain security(ies) herein are available to all investors, while the rest are only available for certain persons to invest in, such as Accredited Investors (as defined in the Securities and Futures Act) or one who invests at least S$200,000 (or its equivalent currency) per transaction. To qualify as an Accredited Investor, one needs to submit a declaration form and certain relevant supporting documents, according to iFAST’s prevailing policies and procedures.
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