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OCBC Securities marks fourth ETF launch in Singapore

The ETF guarantees a minimum 5% annual dividend for the first 2 years.

OCBC Securities and Lion Global Investors (LGI) will list Lion-OCBC Securities APAC Financials Dividend Plus Exchange Traded Fund (ETF) on the Singapore Exchange (SGX).

With its fourth listing, OCBC Securities became the brokerage with the highest number of ETFs co-launched in Singapore.

The ETF targets investors seeking steady dividend yields. With APAC banks outperforming others by distributing over $175.9b (US$130b) in dividends in two years, the ETF guarantees a minimum 5% annual dividend from the issue price for the first two years, paid quarterly.

The ETF also offers significant capital gain potential, with APAC financial firms poised for growth, given that the region accounts for over 40% of the projected global wealth of over $676t (US500t) by 2024. 

The Initial Offer Period (IOP) for the Lion-OCBC Securities APAC Financials Dividend Plus ETF starts on 11 April and will end on 3 May. 

OCBC will list the ETF on 13 May, available in Singapore dollar (SGD) and United States dollar (USD) denominations under the SGX tickets YLD and YLU, respectively.

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