An announcement from Phillip Legacy Funds – Phillip SING Income ETF Units ( (SG:OVQ) ) is now available.
Phillip Capital Management (S) Ltd has announced significant changes to its sub-funds, particularly the Phillip SING Income ETF. A new USD denominated class of units will be listed on the Singapore Exchange, allowing trading in both Singapore and US dollars, although no dual currency trading or switching between classes will be available. Additionally, a waiver from compliance with a specific SGX-ST listing rule has been granted for the new USD class, indicating regulatory flexibility and potential strategic positioning in the market.
More about Phillip Legacy Funds – Phillip SING Income ETF Units
Phillip Legacy Funds operates as a Singapore unit trust with sub-funds authorized under the Securities and Futures Act 2001 of Singapore. The trust includes the Phillip SING Income ETF and the Phillip SGD Money Market ETF, focusing on income generation and money market investments respectively.
YTD Price Performance: 7.52%
Average Trading Volume: 32,787
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