New One Stoxx ETF to track high dividend Asean stocks

Singapore

A NEW exchange-traded fund (ETF), notable for its focus on high-dividend paying companies in fast-growing South-east Asia, will launch on Singapore Exchange (SGX) on Wednesday.

With an annual management fee of 0.5 per cent, and denominated in US dollars, the One Stoxx Asean Select Dividend Index Fund will offer investors exposure to 30 high dividend-paying companies from Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines.

The ETF will aim to track the returns of the Stoxx Asean Select Dividend 30 index, and will be managed by Thailand's largest non-ba…