UOB Asset Management Lists First REIT ETF Linked To Environmental Performance (Straits Times)
November 23, 2021 – UOB Asset Management (UOBAM) on Tuesday (Nov 23) announced the listing of the UOB Asia-Pacific Green real estate investment trust (Reit) exchange-traded fund (ETF) on the Singapore Exchange.
UOBAM claims this is the world’s first ETF enabling retail investors to invest in “quality green Reits across the Asia-Pacific with dividend yields”.
It added that the fund drew more than $80 million in assets under management during the initial offering period, which closed last Thursday.
An ETF is a type of security that tracks an index, sector, commodity or other asset, but which can be purchased or sold on a stock exchange the same way a regular stock can.
The Reits featured in the UOB Apac Green Reit ETF are spread across Australia, Hong Kong, Japan and Singapore. Sectors include industrial, office, residential and retail.
The UOB Apac Green Reit ETF aims to replicate the performance of the iEdge-UOB Apac Yield Focus Green Reit Index, which listed last month.
Read more here..