Published by Asia Asset Management – 9th Nov 2018
SocGen lists 20 DLCs on Singapore Exchange
Paris-based financial services company Societe Generale (SocGen) listed 20 daily leverage certificates (DLCs) on the Singapore Exchange (SGX) on November 7.
They include both long and short DLCs with a fixed leverage of up to five times the daily returns of ten underlying stocks listed in Singapore and Hong Kong.
“These companies were selected based on investor demand as well as their liquidity, trading volume and market capitalisation,” SocGen says in a statement on November 1.
They are DBS Group Holdings Ltd, UOB Overseas Bank Ltd, Overseas-Chinese Banking Corporation Ltd, Singapore Telecommunications Ltd, Venture Corporation Ltd and Keppel Corporation Ltd, all listed in Singapore, and Tencent Holdings Ltd, Ping An Insurance (Group) Company of China, Ltd, PetroChina Company Ltd and CNOOC Limited (CNOOC), which are listed in Hong Kong.
DLCs allow investors to enjoy greater returns from the performance of the underlying stock, though losses are also amplified.
For example, if the underlying stock rises 2% on a particular day, investors who trade a five times long DLC on the stock can enjoy a 10% gain. On the other hand, they suffer a 10% loss if the underlying stock declines 2%.
Fidelity Investments lists Global Emerging Markets Fund on Australian bourse
Fidelity Investments Inc. listed its Fidelity Global Emerging Markets Fund on the Australian Securities Exchange (ASX) on November 5.
The fund offers investors a range of choices including Australian, global and Asia-based equities funds, the company says in a statement on the day of the listing.
The fund seeks to achieve returns in excess of the MSCI Emerging Market Index. Fidelity Investments suggests a minimum investment period of over seven years.
A minimum 70% of the portfolio will be invested in securities of companies which are either incorporated or listed in an emerging market, or where they generate at least 50% of revenues or profits, or have substantial assets in emerging markets.
The balance will comprise a maximum 20% in frontier market securities and 10% in companies that Fidelity Investments deems to have exposure to emerging markets.
Investors can purchase any number of units in the fund.
US-based Fidelity Investments had US$2.5 trillion of assets under administration as of March 2018.
India’s Aditya Birla Sun Life Mutual Fund launches closed-end plan
India’s Aditya Birla Sun Life Mutual Fund launched its Aditya Birla Sun Life Fixed Term Plan – Series RN (1,240 days) on November 5.
The plan seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the scheme’s duration, the company says in a statement on the day of the launch.
The minimum investment is 1,000 rupees (US$13.80), and in multiples of 10 rupees thereafter. The closing date is November 13.
Aditya Birla Sun Life Mutual Fund had over 2,500 billion rupees of total assets under management as at June 30, 2018.
AAM new product roundup 9 Nov 2018
