Lion Global Investors and OCBC Securities list Singapore’s first China focused dividend-paying ETF

Lion Global Investors and OCBC Securities list Singapore’s first China focused dividend-paying ETF
The Islamic law compliant product will have exposure to China new economy stocks.
A pair of ETFs on Tuesday started trading under the cross-listing scheme between Shanghai and Hong Kong.
China Asset Management (Hong Kong) will manage the seven Hong Kong-listed ETFs given up by Canada’s BMO Global Asset Management.
The ETF will the first of its kind listed on the Hong Kong stock exchange (SEHK).
The fund research firm’s report emphasises an ad hoc investment process highly dependent on its founder fund manager.
Following pressures from Hong Kong officials that the manager can be changed to safeguard the interests of investors.
The IPO of the Lion-OCBC Securities Hang Seng TECH ETF began yesterday, after receiving Monetary Authority of Singapore (MAS) authorisation earlier this month.
This is the first time that Zurich Takaful has partnered with a foreign manager to launch a fund product.
China Asset Management plans to wind up two L&I ETFs linked to Hong Kong’s H-share index.
Part of the Mark Allen Group.