OCBC Securities, Lion Global to list low-carbon ETF on SGX in April

SINGAPORE (THE BUSINESS TIMES) – OCBC Securities and Lion Global Investors will list a brand new exchange-traded fund (ETF) on April 28 that focuses on Singapore corporations with low carbon depth.

The ETF, which can be listed on the Singapore Exchange (SGX), will monitor the iEdge-OCBC Singapore Low Carbon Select 50 Capped Index, OCBC Bank stated in an announcement on Monday (April 11).

OCBC, along with bourse operator SGX, had launched the brand new index earlier in March to monitor the highest 50 Singapore corporations by free-float market capitalisation with low carbon depth.

The carbon depth of every of the businesses in the index is verified by Sustainalytics, an funding analysis agency specialising in environmental, social and governance (ESG) analysis, rankings and knowledge, the financial institution stated.

Mr Wilson He, managing director of OCBC Securities, stated: “Launching this product helps us take a concrete step in leading the way for corporations to walk the talk when it comes to sustainability.”

He added that he’s “confident that ESG investing has the potential to keep up with traditional funds”, amid misconceptions that sustainability-linked investments end result in poor returns.

OCBC famous that the index – shaped by excluding corporations which have excessive carbon emissions or are closely concerned in the fossil fuels sector – has outperformed market benchmarks such because the Straits Times Index on the three-year, five-year and 10-year time horizons.

The low-carbon ETF’s preliminary provide interval will start on April 11 and finish on April 22. When listed, the ETF can be obtainable in each Singapore greenback and United States greenback denominations.

Mr Gerald Lee, Lion Global Investors’ chief government, famous that the ETF providing will give buyers comfort of entry and low price.

When launched, the ETF will enable buyers to purchase smaller lot sizes of 1 unit at a time, which might seemingly appeal to youthful and newer buyers who can begin from as little as $1 per unit, OCBC stated.

The low-carbon ETF is Lion Global’s third ETF listed on the SGX in collaboration with OCBC Securities. The two corporations had beforehand listed an ETF that tracks the Hang Seng Tech Index in Hong Kong in 2020, in addition to one other ETF centered on China in 2021.

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