The subscription of Lion-OCBC Securities Singapore Low Carbon ETF, Singapore's first low carbon ETF, closed yesterday, 21 April 2022. Lion Global and OCBC will jointly launch the ETF on the Singapore Exchange on 28 April 2022.
Futu Singapore (moomoo) emerged as the leading participating agent for the Lion-OCBC Securities Singapore Low Carbon Exchange Traded Fund (ETF) by the close of the IOP. Futu SG achieved the highest number of subscribers and subscription volume out of all 8 exclusive participating agents.
The investment objective of the Lion-OCBC Securities Singapore Low Carbon ETFs to replicate as closely as possible, before expenses, the performance of the iEdge-OCBC Singapore Low Carbon Select 50 Capped Index using a direct investment policy of investing in all, or substantially all, of the underlying Index Securities.
The tracked index provides an opportunity for investors to reduce the carbon footprint of their investment portfolios. It is a suite of equity indices designed to track globally listed Singapore companies that are representative of Singapore's real and financial economy.
