Introducing the LION-CHINA MERCHANTS EMERGING ASIA SELECT INDEX ETF

Online subscription for the ETF is now open during the Initial Offer Period (IOP) from 25 November 2024 till 5 December 2024, 5pm. Applications via Auto-Sweep close on 4 December 2024, 12pm.

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FSMOne.com21 Nov 2024 5339 Views
Introducing the LION-CHINA MERCHANTS EMERGING ASIA SELECT INDEX ETF

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

Index   

iEdge Emerging Asia Select 50 Index

Number of holdings

50

Dividend Distribution

The Fund may but currently do not intend to make distributions

for the Fund.

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.

Top 10 largest constituents (As at 12 August 2024)

No

Stock Name

Weighting (%)

1

PT Bank Central Asia Tbk

6.90%

2

Reliance Industries Limited

6.32%

3

Delta Electronics (Thailand) Public Company Limited

5.70%

4

PTT Public Company Limited

5.41%

5

PT Bank Rakyat Indonesia (Persero) Tbk

5.10%

6

ICICI Bank Limited

4.55%

7

CP ALL Public Company Limited

4.18%

8

Infosys Limited

4.05%

9

PT Bank Mandiri (Persero) Tbk

4.03%

10

HDFC Bank Limited

3.99%

Manager / Trustee

Manager: Lion Global Investors Limited

Trustee: HSBC Institutional Trust Services (Singapore) Limited


Fees and Charges Payable by the Sub-Fund

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.

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.

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

Listing Date

11 December 2024 on the Singapore Exchange

Board Lot Size

1 share

SGX Trading Name & Stock Code

Lion-CM EM Asia S$ (EAA)

Traded Currency

Primary Currency: United States dollar (USD)

Secondary Currency: Singapore dollar (SGD)

Application Information

IOP Open Date

25 November 2024

IOP Application using Auto-Sweep Close Date

04 December 2024, 12.00pm

IOP Application Close Date

05 December 2024, 05.00pm

Minimum Application size

1,000 units and in multiples of 1,000 units

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).

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.

Please read our full disclaimers on the website at ( https://secure.fundsupermart.com/fsmone/policies/328125/investment-account-terms-&-conditions).

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