Phillip Capital Management launches the Leveraged & Inverse exchange-traded Products for Singapore Equities Traders

Singapore, 01 December 2021 – Award-winning Asian fund management company, Phillip Capital Management (S) Ltd today announced the launch of two exchange-traded products, namely Phillip MSCI Singapore Daily (2X) Leveraged Product and Phillip MSCI Singapore Daily (-1X) Inverse Product (“together as Phillip L&I Products”). Units of the products will commence trading on 01 December 2021.

The products would seek to achieve a constant daily leveraged or inverse exposure, to the MSCI Singapore Index which covers about 85% of free-float market capitalization in the Singapore Exchange universe.

“With the Phillip L&I Products, investors and traders can now take up positions depending on their short-term view of the market. Traders who are bullish can ride on the Leveraged product, while bearish investors can use the Inverse product to take advantage of market weakness or hedge their portfolio effectively,” said Mr. Linus Lim, Director and Chief Executive Officer of Phillip Capital Management.

Mr. Linus Lim added, “the products also take away the monitoring and handling of margins for traders, allowing them to focus their energy on implementing their trading strategies. Ultimately, this would benefit them by freeing up both time and capital.”

Being listed on the exchange, the Phillip L&I Products would also serve as meaningful indicators about the broader market.
“Since the products reflect investors’ near-term “bullishness” or “bearishness”, their trading volume would act as meaningful gauges for market sentiments and volatility in the local exchange,” said Mr. Tan Teck Leng, Senior Fund Manager at Phillip Capital Management.

Phillip Capital Management has appointed HSBC Institutional Trust Services (Singapore) as the Trustee, Custodian and Fund Administrator for Phillip L&I Products.

Noor Adhami, Managing Director, Head of Securities Services, HSBC Singapore said: “The Phillip L&I products will widen options for investors navigating Singapore’s ETF market. Marking the first of their kind in Singapore, we will draw on HSBC’s deep expertise in trustee, custodian and fund administration from across the region to support PhillipCapital with the ongoing servicing of their new offering.”

About Phillip Capital Management (S) Ltd
Incorporated in 1999, Phillip Capital Management (PCM) is a fund management company with network across the region including Singapore, Australia, Hong Kong, Indonesia, Thailand, and United Kingdom. PCM’s products and asset classes include unit trusts and segregated discretionary portfolios investing in equities, bonds, money market and private equity. PCM serves clients including private banks, insurance companies, tertiary institutions, sovereign wealth funds and Singapore government agencies and has approximately SGD 2.8 billion (Oct 2021, unaudited) of assets under management.

A member of PhillipCapital, PCM has an established track record managing funds investing in the Asia Pacific region and globally, having won fund awards from Standard & Poor’s and Lipper since 2003.

The funds managed by the Company include the following: Phillip SGX APAC Dividend Leaders REIT ETF (2016 Most innovative ETF by SGX), Phillip SING Income ETF, Phillip SGD Money Market ETF, Phillip Singapore Real Estate Income Fund, Phillip Global Opportunities Fund, Phillip Global Quality Fund, Phillip Global Rising Yield Innovators Fund, Phillip Money Market Fund, as well as Phillip US Dollar Money Market Fund. The Phillip Money Market Fund is the largest retail Singapore Dollar money market fund today.

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ISSUED BY : Phillip Capital Management (S) Ltd
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