
The LION-CHINA MERCHANTS EMERGING ASIA SELECT INDEX ETF is an Exchange Traded Fund, which seeks replicate as closely as possible, before expenses, the performance of the iEdge Emerging Asia Select 50 Index using a direct investment policy of investing in all, or substantially all, of the underlying Index Securities.
The Index is compiled and calculated by Singapore Exchange Limited. The Index aims to track the 50 largest and most tradable companies (i) domiciled in Emerging Asia countries; and (ii) listed in Emerging Asia countries or the US Exchanges, and is designed to provide access to growth in these Emerging Asia countries (i.e. India, Indonesia, Thailand and Malaysia).
Key ETF Information
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Index |
iEdge Emerging Asia Select 50 Index |
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Number of holdings |
50 |
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Dividend Distribution |
The Fund may but currently do not intend to make distributions for the Fund. |
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Investment Objective |
The investment objective of the Fund is to replicate as closely as possible, before expenses, the performance of the iEdge Emerging Asia Select 50 Index using a direct investment policy of investing in all, or substantially all, of the underlying Index Securities. |
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Top 10 largest constituents (As at 12 August 2024) |
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Manager / Trustee |
Manager: Lion Global Investors Limited Trustee: HSBC Institutional Trust Services (Singapore) Limited |
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Fees and Charges Payable by the Sub-Fund |
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Management fee |
Currently 0.80% per annum of the NAV of the Fund. Maximum 0.99% per annum of the NAV of the Fund. The Manager’s fee is retained by the Manager as the Manager does not pay any trailer fees with respect to the Fund. |
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Trustee fee |
Currently 0.02% per annum on the first US$80 million of the Net Asset Value of the Fund, 0.015% per annum on the next US$320 million of the Net Asset Value of the Fund, and 0.01% on the balance above US$400 million of the Net Asset Value of the Fund. Maximum 0.25% per annum of the Net Asset Value of the Fund, subject to a yearly minimum fee of US$6,000 per annum. |
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Audit fee, custodian fee, transaction costs and other fees and charges |
The Custodian Fee payable is subject to agreement between the Manager and the Custodian and may exceed 0.10% of the Net Asset Value of the Fund depending on, amongst others, the size of the Fund. Other fees and charges include fund administration and valuation fees, legal fees, audit fees, transaction fees, accounting fees, licensing fees, transaction processing and cash processing fees. Such fees and charges are subject to agreement with the relevant parties and may amount to or exceed 0.10% of the Net Asset Value of the Fund, depending on the proportion each fee or charge bears to the Net Asset Value of the Fund. |
ETF Listing and Trading Information
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Listing Date |
11 December 2024 on the Singapore Exchange |
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Board Lot Size |
1 share |
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SGX Trading Name & Stock Code |
Lion-CM EM Asia S$ (EAA) |
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Traded Currency |
Primary Currency: United States dollar (USD) Secondary Currency: Singapore dollar (SGD) |
Application Information
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IOP Open Date |
25 November 2024 |
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IOP Application using Auto-Sweep Close Date |
04 December 2024, 12.00pm |
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IOP Application Close Date |
05 December 2024, 05.00pm |
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Minimum Application size |
1,000 units and in multiples of 1,000 units |
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Subscription Price |
USD 1.00 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 9%.
2. Login to FSMOne.com and proceed to subscribe online:
· Select Live Trading > Stocks & ETFs > IPOs/Placements
· Indicate your quantity of shares and select the payment method
· 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
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 25 November 2024 to 05 December 2024. To be eligible, orders must be placed before 05.00pm on 05 December 2024 for Cash Account subscription. To subscribe for the ETF IOP using monies in the Auto-Sweep Account, orders must be placed before 12:00pm on 04 December 2024.
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 US$1.000 (for USD Class Units) (or such other amount as may be determined by us from time to time with the prior approval of the Trustee).
