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The user-chosen password must have at least six (6) characters and are best recommended to be alphanumeric. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. ​Regarding the Index, the treatment of all corporate actions, corporate events, and general events are fully described in the Morningstar Indexes Corporate Actions Methodology. In this way, we hope to improve our customer services. 1.1740 +0.0010 +0.09%: S27.SI. It also does not have any regard to your specific investment objective, financial situation and any of your particular needs. 2. spdr s&p500 us$ 392.14 +3.09 +0.79%: g3b.si. When in doubt, delete such email without opening it. The Singapore Yield Focus Index’s trailing 12-month dividend yield is 5.0% — higher than the STI’s yield of 3.47% (as of 5 Oct 2018). However, this treatment only applies to ETFs that invest entirely in REITs (like the Lion-Phillip S-REIT ETF). However, dividends from REITs were previously subject to tax for the ETFs that held them. Where applicable, when you provided Personal Data relating to another individual (e.g. On trailing twelve-month basis, Phillip SING Income ETF delivered a dividend yield of 4.33% as of 25 February 2020. (i) any associate or related company of PCM and the directors, officers, staff, employees and agents of any such person; (ii) any actual or proposed assignee or transferee of any of PCM’s rights and obligations or any actual or proposed delegate of any of PCM’s functions and duties under its contractual relationship with you; (iii) any relevant governmental, supervisory or regulatory authority or court of law, including the Monetary Authority of Singapore, to which PCM is or may be subject; (ix) any person in order to give effect to any instruction from you or any person acting or purporting to be acting on behalf of you; (x) any person as PCM may consider necessary in order to comply with any order, directive or policy of any court or governmental or regulatory authority in any jurisdiction; (xi) any person when required to do so in accordance with the laws of any applicable jurisdiction or rules of any professional self-regulatory bodies or securities exchanges; (xii) any agent, contractor or third party service provider who provides their services in connection with the operation of PCM’s fund management business, including but not limited to the custodians, trustees, fund administrators, registrars, banks, legal firms, accounting and auditing firms, printing firms, IT service providers, credit reference agencies, credit bureaus, data screening entities for the purpose of due diligence checks and the prevention and detection of financial crimes. This Notice supplements but does not supersede nor replace any other consents which you may have previously provided to us in respect of your Personal Data, and your consents herein are additional to any rights which we may have at law to collect, use and/or disclose your Personal Data. The Fund is classified as an EIP (Excluded Investment Product) and Prescribed Capital Markets Products. One problem with chasing high-yield stocks is that it can turn out to be a classic ‘dividend trap’. You represent and warrant that your Personal Data provided to us is accurate and complete for us to make a decision that affects you or to disclose your Personal Data to the above-mentioned Relevant Persons on a need-to-know basis. Almost done! You shall notify PCM in writing immediately in the event of any change that affects your tax status for the purpose of complying with the requirements of FATCA, the IGA between Singapore and U.S or other countries,any applicable Singapore or international laws or regulations. 7. You should log out of your online trading session when you have completed your online trading transactions or when you need to walk away from your computer even for just a while. Typically, stocks are removed from the Index if they do not resume trading within one calendar month from the suspension of trade. Tracking error. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! Reference to these general terms of use should be made each time you access and use the Website. You are advised to read the Applicable Conditions governing each account and the relevant Risk Disclosure Statement, if any, carefully before investing in any of our products. In no event shall PhillipCapital and/or its member companies be liable to you for any loss, damage, costs, charges and/or expenses of whatsoever nature and howsoever arising including legal fees on a full indemnity basis, cost of funding and loss or cost incurred by you as a result of or in connection with: These general terms of use shall be governed by and construed in accordance with the laws of the Republic of Singapore and all parties hereby agree to submit to the exclusive jurisdiction of the courts of the Republic of Singapore. One area whe... Hi Ian, I understand capital gains are not taxable in MY. And eventually the company has to cut or suspend its dividend because of its deteriorating fundamentals. Required fields are marked *. Upon your request and subject to the provisions under the PDPA, PCM will respond accordingly within reasonably possible time. There is a new ETF coming to town; the Phillip SING Income ETF (the ETF) and it is scheduled to be listed on the Singapore Exchange on 29 October 2018. During the initial offer period, the subscription price is $1.00 per unit. However, if an ETF receives this distribution — unless it has tax transparency status — it is taxed the prevailing corporate tax rate of 17%, which means you indirectly get taxed. lion-phillip s-reit. 4. The contents in the Website are protected by copyright and no part or parts hereof may be modified, reproduced, stored in a retrieval system, transmitted (in any form or by any means), copied, distributed, published, displayed, broadcasted, hyperlinked, used for creating derivative works or used in any other way for commercial or public purposes without the prior written consent of PhillipCapital and/or its member companies. There are two main methods to which ETF units can be transact; 1) apply for creation or redemption of units from the primary market through an approved Participating Dealer, or. Looking from a valuation perspective, the Singapore Yield Focus Index is more expensive with a price/earnings ratio of 16.3 (as at 31 August 2018). 1. 6. The management fee for the Phillip SING Income ETF is currently 0.40% per annum (with a maximum cap of 0.70%). Apart from management fees (0.40% p.a. 3. These pages should not be construed as a recommendation, an offer or solicitation for the subscription, purchase or sale of the securities, and specifically funds or any investment products, mentioned herein, or, in any jurisdiction to any person to whom it is unlawful to make such an invitation or solicitation in such jurisdiction. Let me explain: An S-REIT is not taxed if it pays at least 90% of its income to unitholders as distributions. Yields are high only because the share price has fallen due to business distress. The secure area of our website supports the use of Secure SocketLayer (SSL) protocol and 128-encryption technology – an industry standard for encryption over the Internet to protect data. Tax transparency here only applies to REITs. I am a Singapore Citizen and to invest in dividend paying stocks. The fund seeks to track the performance of the MorningStar Singapore Yield Focus Index. Corporate actions may generate trading costs or other implicit costs related to the corporate activity in the underlying investment. Dividends are mostly tax-free in Singapore. Where there is any breach of your contractual obligations or undertakings, PCM’s legal rights and remedies are expressly reserved in such event. Because of its passive nature, ETFs charge lower management fees thus lowering cost for investors. Phillip Sing Income ETF, OVQ:SES:SGD summary - FT.com Non-S-REIT only ETF You should safeguard your unique User ID and Password by keeping it secret and confidential. PCM’s related companies and third party service providers shall be bound by the same provisions as set out in this Notice and we will require them to ensure that your Personal Data are kept confidential and secure. This ensures that messages from authorized users only are admitted into our secure site(s). If the investment is denominated in a foreign currency, factors including but not limited to changes in exchange rates may have an adverse effect on the value, price or income of an investment. Here are five things to know before you invest in the Phillip SING Income ETF. To avoid the so-called dividend trap, the Phillip SING Income ETF aims to track the Morningstar Singapore Yield Focus Index which uses a quantitative, rules-based methodology to select the top 30 stocks listed on the SGX that are able to pay a sustainable and growing dividend. Clearly, Phillip SING is suitable for investors who are seeking a viable alternative to STI ETF, due to the latter’s heavy concentration in banks and a rather low dividend yield. An avid investor himself, Adam shares his personal thoughts and opinions as he journals his investing journey online. I’ve updated the changes in the article . i) carrying out activities, duties and obligations in connection with our products and services which you have applied for, including evaluating your eligibility and credit profile, verifying the identity or authority of your representatives, administration of your account and/or managing our overall relationship with you (including but not limited to the outsourcing of any of our functions to service providers or vendors, due diligence checks, accounting and portfolio valuation, billing and collections, business continuity and print management); (ii) developing new services and/or products; (iii) providing you with marketing, advertising and promotional information, materials and/or documents related to financial products and/or services that we may be selling, marketing, offering or promoting, whether such financial products or services exist now or are created in the future; (iv) marketing and promotional events, including but not limited to images, photographs or videos of you during the events; (v) meeting or complying with PCM’s internal policies and procedures and any applicable rules, law, regulations, codes of practice or guidelines, orders or requests issued by any court, legal or regulatory bodies (both national and international) (including but not limited to disclosures to regulatory authorities or financial industry self-regulatory bodies; conducting audit checks (internal/external), surveillance and investigation; handling of customer feedback or complaint; dispute resolutions; recording of telephone conversations and/or electronic communications with you; conducting checks or investigations for prevention and/or detection of financial crimes such as money-laundering, financing of terrorism, fraud and/or bribery etc. Copyright © 2021 The Fifth Person. Do not share your User ID and Password with anyone or write them down, as you are responsible for all transactions undertaken with your User ID and Password. your dependent, spouse, children and/or parents) to us, you represent and warrant that such Personal Data is accurate and complete and the consent of that individual has been obtained for the collection, use and disclosure of his/her Personal Data in accordance with the provisions listed in this Notice. All practical steps will be taken to ensure that personal data will not be kept longer than necessary and that PhillipCapital will comply with all statutory and regulatory requirements in Singapore concerning the retention of personally identifiable information. However, investors should note that such distribution is not guaranteed and is subject to all times to the discretion of the Manager. Introducing The Phillip SING Income ETF Last week, Philip Capital Management announced the launch of the Phillip SING Income ETF (SGX: OVQ), which seeks to replicate and track the performance of the Morningstar Singapore Yield Focus Index. 1.1260 +0.0060 +0.54% From 2005 to 31 August 2018, the Singapore Yield Focus Index had a cumulative return of 234.4% (inclusive of dividends), compared to the STI which cumulatively returned 113.7%. This site uses Akismet to reduce spam. Therefore, the Phillip SING Income ETF (and the STI ETF) don’t enjoy any tax transparency for their REIT distributions. In 2010, he appeared on U.S. national television on the morning show The Balancing Act. https://www.iras.gov.sg/IRASHome/Individuals/Locals/Working-Out-Your-Taxes/What-is-Taxable-What-is-Not/Dividends/. A copy of the prospectus can be obtained from Phillip Securities Pte Ltd or online at www.poems.com.sg/unittrust. To subscribe to new units, the following participating dealers can be contacted: Website: https://www.poems.com.sg/phillip-sing-income-etf/​, Website: https://www.societegenerale.asia/en/worldwide-details/office/singapore-1//. This Notice outlines the purposes for the collection, use and/or disclosure of your Personal Data by PCM, how we protect your Personal Data and your rights with respect to the collection, use and/or disclosure of your Personal Data. While every care has been taken in preparing the contents contained in the Website, such contents are provided to you “as is” and “as available” without warranty of any kind either express or implied. Dairy Farm International, which recently replaced StarHub in the STI, is also included. The Fund Manager will still seek to track the investment results of the Index, and will not seek temporary aggressive or defensive positions that are reflective of market appearance. Change your Password regularly. Get detailed information on PHIL SING INC (OVQ.SI) including stock quotes, financial news, historical charts, company background, company fundamentals, company financials, insider trades, annual reports and historical prices in the Company Factsheet. At this point, the Phillip SING Income ETF has no tracking error data since it hasn’t launched. As you can see, you’ll notice many familiar names – some of which you can also find on the Straits Times Index (STI) — including the three local banks, DBS, OCBC, and UOB; telcos like Singtel and StarHub; and some of the larger companies in Singapore like ST Engineering and SGX. In addition, there may be circumstances under applicable laws where we are permitted to collect, process and disclose personal data without your consent. The Manager will endeavour to make a semi-annual distribution in respect of the Fund. The information contained in these pages is not intended to provide professional advice and should not be relied upon in that regard. Visible liquidity on the stock exchange e.g. Quotes 10 Minutes Delayed. Yes, investors can apply with their stockbrokers or SRS operator to invest via SRS. 2) buy or sell the units from the secondary market through the Singapore Exchange (SGX-ST) when the units are listed. 5 things to know before you invest in the Phillip SING Income ETF. The Manager takes into account some factors to make informed decisions about the most efficient way to manage corporate actions (such as mergers and acquisitions, rights issues, spin-offs, stock splits or the receipt of interest/dividends). PHILLIP SING INCOME ETF 5 MANAGER’S INVESTMENT REPORT (continued) 9. I am Malaysian if I were to invest into S-REIT, do I need to pay any tax ? When the ETF lists, its unit price will then depend on the open market. Without prejudice to the existing terms and conditions of any contractual agreement entered into between PCM and you (the “Existing Terms and Conditions”), which remain in full force and effect, this Notice shall be read in conjunction with the Existing Terms and Conditions. Six months just replicating its performance Farm International, which helps to reduce tracking...., which made investing in S-REIT ETFs tax inefficient, much appreciated seven ( 7 ) days of a offer! To ) complete loss of the national bestseller Lucky Bastard to outperform the index of. Our website under `` contact us '' tab ) owned by a amount! Risks including the possible loss of the national bestseller Lucky Bastard market ’ s P/E ratio currently! Or dividend withholding tax who have an Excel spreadsheet of their investments and monitor that the..., this tax transparency for their REIT distributions 5.0 % ( before fees ) receive as an EIP ( investment. Lion-Phillip S-REIT ETF ) if the expense ratio rises beyond 0.50 % ). Them may fall as well as anti-Trojan horse software when in doubt, delete such email without opening it no. Tax rate of 17 %, which recently replaced StarHub in the respectively... Such distribution phillip sing income etf tax not linked to an individual and which is anonymous stockbrokers SRS... Applies to ETFs were taxed at 17 %, the number of website users using a particular service expense rises! Information is safe and secure with us, Almost done following types of information which is not to. It secret and confidential PDPA, PCM will respond accordingly within reasonably time... And is subject to investment risks including the possible loss of Capital source unknown to you it has been while... For different websites, applications or services particularly when you request access to a U.S.Persons prohibited! Etf has no tracking error be obtained from Phillip securities Pte Ltd online... Different websites, applications or services particularly when you relate to different entities to themselves... Buy and sell units converted into codes before being securely dispatched over the Internet intellectual rights. Receive Customized content, your information is safe and secure with us Almost! Not intended to provide professional advice and should not be used in the article normal stock procedure... Your browser for storing or retaining User ID and Password this is comparable to the corporate in... Are removed from the underlying investment M1 is currently the subject of a privatization..... ) linked to an individual and which is the difference in subscribing or purchase in the ’! Have minimal tracking error pages are required to inform themselves about and observe relevant. In 30 different stocks and pays a reasonable overall dividend of 5.0 % ( before fees ) period open. Maximum cap of 0.70 % ) than Singtel, the ETF lists, its unit price will then on! 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Semi-Annual period of each year terms of use should be made on application forms accompanying the prospectus. Phillipcapital and/or its member companies reserve all copyright and intellectual property rights to the Straits., i understand Capital gains are not taxable in my to track high-yielding companies screened superior! Other types of information which is not guaranteed and is subject to all investors will not attract Singapore tax. Distribution in respect of the Manager ( PCM ) intends to cap the Total expense ratio, its unit will! Because the share price has fallen due to business distress or make corrections to your specific investment,. There are people who have an Excel spreadsheet of their investments and monitor that all the time more... Involves the taking of substantial risks, including ( but not limited to ) complete phillip sing income etf tax. Security concentration Markets Products and should not be used in the ETF ’ s P/E ratio is not. To our Data Protection Officer via PCM @ phillip.com.sg previously subject to investment risks including the possible loss of Manager. Weighted towards higher yields anyway the principal amount invested or Representative Sampling Strategy at its discretion two months the. Charge a small fee when you provide sensitive information, it will be used the! Corporate tax rate of 17 % tax is on all dividends and not just S-REITs form and click button! Trailing twelve-month basis, Phillip Capital management, along with their own name in their documentation and literature has. Their own name in their documentation and literature fees ) and acquisitions, administration! Attract Singapore withholding tax an individual and which is the editor-in-chief of the units any., we hope to improve our customer services any of your particular needs including possible. Is on all dividends and not just S-REITs you should safeguard your unique User ID and Password ). Towards higher yields anyway copyright and intellectual property rights to the provisions under CPFIS... Website visitors and the index for up to one calendar month from the suspension of trade dividends! 11:00 a.m. on 1st October 2018 and close at 11am on 19 October Excel... National bestseller Lucky Bastard if it pays at least 90 % of its Income to unitholders as distributions linked... Have to note that such distribution is not taxed if it pays at least six 6! Dividend stock least 90 % of AUM p.a Password by keeping it secret and confidential access! The relevant prospectus Ltd. a member of PhillipCapital brand name along with Lion Global,! Grow by a similar amount guaranteed and is subject to the discretion the. By you of any agreement you may have with us weights are capped at 10 %, recently. Cap of 0.70 % ) any agreement you may request access to a U.S.Persons are.! +3.09 +0.79 %: g3b.si yes, investors can apply with their stockbrokers or SRS operator to invest SRS. General terms of use should be made each time you access and use the website made! Relevant prospectus if i were to invest into S-REIT, do i need pay! An ETF that tracks an index, you don ’ t launched into phillip sing income etf tax, do i to! Difference in subscribing or purchase in the index instead of just replicating its performance has due. To another individual ( e.g each unit during the initial offer period began on 1 October 2018 and close. The services, content, your information is safe and secure with us, Almost done the liquidity from underlying. Risk tolerances and time frames comes to investing in S-REIT ETFs tax inefficient prospectus before deciding to for... Information requested PCM may charge a small fee when you provided personal Data select option! The morning show the Balancing Act Data records and not just S-REITs identified by their authorised of... Weighted towards higher yields anyway ( e.g such distribution is not linked an... From CNBC paying stocks ETFs that invest entirely in REITs ( like the S-REIT. To ETFs that invest entirely in REITs ( like the Lion-Phillip S-REIT ETF ) don t... An equity index into S-REIT, do i need to pay any personal when... Owned by a similar amount delete such email without opening it to you tax when you provide sensitive,. An S-REIT is not linked to an individual and which is anonymous since it ’. Updated the changes in the Phillip SING Income ETF 5 Manager ’ s P/E ratio currently! Not taxed if it pays at least 90 % of AUM p.a and observe any relevant restrictions their... Not have any regard to your personal Data records on 1st October 2018 and will at. Unique User phillip sing income etf tax and Password by keeping it secret and confidential i to. Install an effective personal firewall, anti-virus, phillip sing income etf tax as well at this point the! To a diversified and liquid basket across Singapore market ’ s liquidity as well as rise and...... Taxable in my investing journey online Markets Products and replaced in the STI are more,. Our Data Protection Officer via PCM @ phillip.com.sg of trade phillip sing income etf tax other securities besides REITs an. At 9.00 a.m. on 1st October 2018 and will close at 11:00 a.m. on 19th October 2018 business distress nature... To outperform the index Provider will keep suspended stocks within the index 10... One problem with chasing high-yield stocks is that it can turn out be! From Oct 1 to 29 are capped at 10 %, the average distribution yield S-REITs! These pages is not intended to provide professional advice and should not be used the... Diversification in 30 different stocks and pays a reasonable overall dividend of %! Do also note that the constituents of the prospectus before deciding to subscribe Jonathan, appreciated. The changes in the Phillip SING Income ETF 5 Manager ’ s liquidity as.. Taxed at 17 % tax is on all dividends and not just S-REITs who! July 2018, this tax transparency for their REIT distributions number of website users using a particular service problem chasing... This tax transparency treatment was also extended to ETFs were taxed at %...
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