SINGAPORE, Nov 11 (Bernama-BUSINESS WIRE) — CSOP Asset Management will list its second Exchange-Traded Fund (“ETF”) on SGX – CSOP iEdge S-REIT Leaders Index ETF (Stock Code: SGD counter: SRT/ USD counter: SRU) on 18 November 2021 and the initial offering period has already started on 29 October 2021. Advised by JLP Asset Management Asia Pte. Ltd., a leading investment manager in global real estate, SRT/SRU will adopt a replication strategy to track the performance of the iEdge S-REIT Leaders Index (the “Index”) to present the investment opportunities of the S-REITs market. The SRT/SRU will be available for initial investment in SGD and trading in both SGD and USD at an inception price of SGD 1 with board lot size of 10 units.
A real estate investment trust in Singapore (“S-REIT”) is a fund on SGX that invests in a portfolio of income generating real estate assets such as shopping malls, offices or hotels, usually with a view to generating income for unit holders of the fund. Singapore is renowned as one of the largest and most fast-growing REITs markets in Asia Pacific with market size of over SGD 110 billion and has grown at CAGR of 11% from 2010 to the end of 2020.¹ Thanks to the high payout ratio specified by Singapore’s regulation, S-REITs offer the highest dividend yield of 5.1% compared with other major asset classes in Singapore.² In terms of performance, over the last 10 years, S-REITs have averaged an annualized total return of10.7% and 90-day volatility of 10.5%, which is competitive among major equity indexes.³
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