The fund is designed to mirror the performance of the iEdge Emerging Asia Select 50 Index, which tracks the 50 largest and most tradable companies in India, Indonesia, Malaysia and Thailand.
In a strategic partnership, Lion Global Investors (LGI) and China Merchants Fund Management (CMF) have launched the Lion-China Merchants Emerging Asia Select Index ETF. This marks the first exchange-traded fund (ETF) focused on emerging Asian economies to be traded in Singapore dollars. The ETF is set to list on the Singapore Exchange (SGX:S68
) (SGX) on Dec 11, 2024, under the code EAA.
The Initial Offering Period (IOP) of the Lion-China Merchants Emerging Asia Select Index ETF is from Nov 25 to Dec 6, 2024. The issue price of each unit during the IOP is $1.30 (or the approximate equivalent of US$1). Applications can be made via OCBC digital platforms and participating dealers like iFAST and Tiger Brokers.
