CIMB-Principal Asset Management listed Asia Pacific's first Exchange Traded Fund on the Singapore Exchange.
The CIMB S&P Ethical Asia Pacific Dividend Exchange Traded Fund has been structured closely along its benchmark, the S&P Ethical Pan Asia Select Dividend Opportunities Index, which covers ethically conscious, high dividend yielding stocks from the Pan Asian region.
The stocks in this index must have less than five per cent revenue exposure to alcohol, gaming and tobacco.
The top 40 highest yielding stocks in the Pan Asia region that meet these and other index criteria are represented in this index.
CIMB Principal chief executive officer, Ken Goh said ongoing volatile market conditions in US and Europe have driven investors to look at the Asia Pacific as an ideal investment destination.
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