One Asset Management listed its first ETF on SGX, the ONE STOXX ASEAN Select Dividend Index Fund.

Over the past two trading sessions, the ETF generated a value of S$960,748, closing at a price of US$2.95 on April 6.

The ETF will track the underlying STOXX ASEAN Select Dividend 30 Index, which consists of the region’s 30 highest dividend-paying stocks as its constituents. The Index has generated total returns of 12.4% and 18.2% in the year-to-date and past 12 months respectively.

As of the end of February, the composition of the ETF is as follows: 24% Singapore, 24% Malaysia, 23% Indonesia, 17% Thailand, 10% Philippines, and 3% Vietnam. The index sets a maximum cap of seven companies per country (with the exception of Thailand, which has a cap of five). The banking sector has the highest weighting in the Index, accounting for 26.5%. This is followed by industrial goods and services, oil and gas, and telecommunications.

One Asset Management is a subsidiary of KGI Thailand. It currently manages US$3 billion in assets.

Photo courtesy of Singapore Exchange.