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Singapore Stock Exchange

CIMB-Principal ETF lists on SGX


CIMB S&P Ethical Asia Pacific Dividend ETF by CIMB-Principal Asset Management (CIMB-Principal) has listed on the Singapore Stock Exchange (SGX), bringing the total number of exchange traded funds on SGX to 93.

The ETF tracks the S&P Ethical Pan Asia Select Dividend Opportunities Index which covers ethically conscious, high dividend yielding stocks from the Pan Asia region. The stocks in the index must have less than 5% revenue exposure to alcohol, gaming and tobacco. The top 40 highest yielding stocks in the Pan Asia region that meet these criteria are represented in the index.

Adopting a full replication strategy, the ETF will provide investors with an efficient and transparent means of accessing Asian high yield stocks, meeting investors’ appetite for yield and stability in growth markets.

Nels Friets, Head of Securities at SGX says: “We welcome this additional listing by CIMB-Principal, following its flagship launch of the CIMB FTSE ASEAN 40 ETF. This new listing reflects their established presence as a local asset manager in the region and its expertise in offering investors Asian focused products, particularly in ASEAN.”

“SGX has a comprehensive suite of ETFs covering single country and regional equity indices as well as commodities and fixed income. This ETF based on dividend yield provides investors with more choice of products with exposure to Asian markets,” says Friets.

“This ETF taps into the high-growth economic prospects of the Pan Asia region and aims to offer investors regular income and capital growth potential by investing in high dividend-yielding stocks in Asia Pacific, excluding Japan,” added Mr Ken Goh, Chief Executive Officer, CIMB-Principal.

“Backed by our successful listing of the CIMB FTSE ASEAN 40 ETF and the continued support we receive from SGX, we are confident that the CIMB S&P Ethical Asia Pacific Dividend Exchange Traded Fund will prove to be yet another winner for the investors,” says Goh.

SGX is the first Asian exchange to list ETFs based on Asia-focused sectoral markets, high yield equity, fixed income, and frontier markets.


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