The CSOP iEDGE S-REIT Leaders Index ETF, which will track the iEdge S-REIT Leaders Index, has filed a prospectus with SGX with an expected listing date of 18 November.
During the initial offer period, which runs from 29 October to 15 November, the issue price of each unit is S$1.00, the prospectus said.
Dividend payments will be made half-yearly, with the announcement to be made in June and December, the prospectus said.
The ETF will use a replication strategy, investing in substantially all of the index securities in substantially the same weightings as the index, the prospectus said.
The iEdge S-REIT Leaders Index is an adjusted free-float market-capitalization weighted index tracking the performance of Singapore’s largest and most-tradeable REITs, according to the index factsheet. The index has 27 constituents.
The top-10 constituents, which together have an around 78 percent weighting in the index, include Mapletree Industrial Trust, Mapletree Logistics Trust, Ascendas REIT, CapitaLand Integrated Commercial Trust, Mapletree Commercial Trust, Keppel DC REIT, Frasers Logistics & Commercial Trust, Frasers Centrepoint Trust, Suntec REIT and Keppel REIT.
Hong Kong-based CSOP Asset Management is the manager; as of end-2020, it has around US$10.1 billion in assets under management.
JLP Asset Management Asia is the investment advisor; other funds it manages include the JLP Liquid Opportunities Fund, Jaguar Global Property Fund and Jaguar International Property Fund, and funds it advises include Quilter Investors Global Property Securities Fund and SC Global Real Estate Equities Fund, the filing said.
The designated market makers are Flow Traders Asia and Phillip Securities, the prospectus said.
The primary traded currency is Singapore dollars, with U.S. dollars a secondary currency.