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Thailand’s One Asset Management lists first ETF on SGX
One Asset Management listed its first ETF on SGX, the ONE STOXX ASEAN Select Dividend Index Fund.
The Asset 10 Apr 2017

One Asset Management listed its first ETF on SGX, the ONE STOXX ASEAN Select Dividend Index Fund.

Over the past two trading sessions, the ETF generated a value of S$960,748, closing at a price of US$2.95 on April 6.

The ETF will track the underlying STOXX ASEAN Select Dividend 30 Index, which consists of the region’s 30 highest dividend-paying stocks as its constituents. The Index has generated total returns of 12.4% and 18.2% in the year-to-date and past 12 months respectively.

As of the end of February, the composition of the ETF is as follows: 24% Singapore, 24% Malaysia, 23% Indonesia, 17% Thailand, 10% Philippines, and 3% Vietnam. The index sets a maximum cap of seven companies per country (with the exception of Thailand, which has a cap of five). The banking sector has the highest weighting in the Index, accounting for 26.5%. This is followed by industrial goods and services, oil and gas, and telecommunications.

One Asset Management is a subsidiary of KGI Thailand. It currently manages US$3 billion in assets.

Photo courtesy of Singapore Exchange.

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