Lion-OCBC Securities China Leaders ETF Listed on SGX

Singapore Exchange​ (SGX) today welcomed the listing of Lion-OCBC Securities China Leaders ETF with assets under management (AuM) of S$83 million, providing investors with growth opportunities offered by leading companies in China, the world's second largest economy.

The ETF covers 80 large Chinese companies across 12 industries, including information technology, consumer and financials that collectively make up more than two-thirds of the portfolio. Its largest constituents comprise Tencent Holdings, Kweichow Moutai, Meituan, Ping An Insurance and Contemporary Amperex Technology.

Retail investors and digital investing platforms continue to drive record growth of ETF-managed assets in Singapore. As at June 2021, the combined AuM of these segments accounted for over a third of the S$10 billion in ETF assets in Singapore, which was 70% higher compared to a year ago.

Michael Syn, Head of Equities at SGX, said, "China continues to offer a compelling growth story and this ETF enables investors to access well-established and resilient industries as well as fast-growing, consumer-led trends, in one setting. Whilst the initial offer period coincides with a time of high market volatility, the strong investor reception is an indication of investors' confidence in Lion Global's ability in running the ETF. We are pleased to welcome this ETF to SGX's multi-asset platform and we look forward to more innovative products from the OCBC Group."

The Lion-OCBC Securities China Leaders ETF is the second ETF listing by Lion Global Investors and OCBC Securities, following the listing of the Lion-OCBC Securities Hang Seng Tech ETF, which has tripled its AuM to S$200 million since its launch in December 2020.