The latest developments in the ESG space.

OCBC
OCBC Securities and Lion Global Investors will list a new exchange-traded fund later in April which concentrates on Singapore companies with low carbon intensity, OCBC said earlier this week.

The ETF, which will be listed on the Singapore Exchange on 28 April, will track the iEdge-OCBC Singapore Low Carbon Select 50 Capped Index.

This is the third ETF listed by Lion Global Investors in collaboration with OCBC Securities. Since embarking on the inaugural ETF back in December 2020, the total AuM for both Hang Seng TECH ETF and China Leaders ETF is now nearing almost S$400 million ($293 million). 

It is the first ETF in Singapore that focuses on the top 50 Singapore companies (including real estate investment trusts and business trusts) by free-float market capitalisation, with a focus on index decarbonisation through the reduction of weighted average carbon intensity (WACI) of the index.