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Asset Management / Wealth Management
Tiger Brokers partners with PCM to expand offerings
Singapore’s first leveraged and inverse exchange-traded products start trading on online platform
The Asset 1 Dec 2021

Xiaomi-backed online brokerage Tiger Brokers (Singapore) has partnered with Phillip Capital Management (PCM) to serve as distribution partner and participating dealer for PCM’s two newly launched exchange-traded products, namely Phillip MSCI Singapore Daily Leveraged and Inverse Products.

From December 1, Singapore-based traders and investors will be able to trade the two ETPs, collectively called Phillip L&I Products, through Tiger Brokers’ platform Tiger Trade. The products would allow investors and traders to achieve a constant daily leveraged or inverse exposure to the MSCI Singapore Index, which covers about 85% of free-float market capitalization in the Singapore Exchange universe. The MSCI Singapore index is designed to measure the performance of the large- and mid-cap segments of Singapore equities.

Tiger Brokers chief executive officer Eng Thiam Choon says: “We believe with Phillip L&I Products on Tiger Trade, we can meet the needs of investors and traders who are looking for tactical trading tools that can help them trade through the use of leverage and inverse exposure to gain daily rebalancing results.”

Combining futures-based synthetic replication strategy and direct investments into the underlying securities of the index, Phillip MSCI Singapore Daily Leveraged Product provides investment results that closely correspond to twice (2x) the daily performance of the MSCI Singapore Index. On the other hand, Phillip MSCI Singapore Daily Inverse Product adopts a futures-based synthetic replication strategy, to provide investment results that closely correspond to the inverse (-1x) of the daily performance of the MSCI Singapore Index.

Apart from Phillip L&I Products, Tiger Brokers investors can trade across six different exchanges – New York Stock Exchange,  Nasdaq, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange, the Singapore Exchange and the Australian Securities Exchange, with access to other trading opportunities such as equities, exchange-traded funds, futures, stock options, warrants, callable bull/bear contracts, daily leveraged certificates, US-listed over-the-counter equities, and Fund Mall, a one-stop shop for investing in global mutual funds.

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