KUALA LUMPUR (Oct 5): Phillip Capital Management (S) Ltd, a Singapore-based fund management company, launched its first Asia Pacific REIT Exchange Traded Fund called Phillip SGX APAC Dividend Leaders REIT ETF (REITs ETF), which is to be listed on the Singapore Exchange (SGX-ST). The REITs ETF will track the recently launched SGX APAC Ex-Japan Dividend Leaders REIT Index, before fees and expenses, and will comprise the top 30 REITs listed in the Asia Pacific exchanges, with the exception of Japan. The REITs will be ranked according to total dividend paid to their unitholders in the preceding 12 months, to offer investors a transparent and accessible avenue to a collection of REITs that offer sustainable dividend income. Phillip Capital Management managing director and chief investment officer Jeffrey Lee Chay Khiong said, "We are very excited to be able to offer this unique REITs ETF to investors. Before investing in the REITs ETF, potential investors are advised to consult with a financial adviser and obtain the prospectus and product highlights sheet from participating dealers, to be informed of the salient features and risks of investing in REITs ETF.

Source: The Edge Markets October 06, 2016 09:16 UTC