OCBC Securities and Lion Global Investors will list Lion-OCBC Securities APAC Financials Dividend Plus Exchange Traded Fund on the Singapore Exchange .
The ETF targets investors seeking steady dividend yields. With APAC banks outperforming others by distributing over $175.9b in dividends in two years, the ETF guarantees a minimum 5% annual dividend from the issue price for the first two years, paid quarterly. The Initial Offer Period for the Lion-OCBC Securities APAC Financials Dividend Plus ETF starts on 11 April and will end on 3 May.
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