Link: https://links.sgx.com/1.0.0/corporate-announcements/VAJXG9TJ684LUBHH/36a29e0557d32429c110f74a26ec2b99f7ffa09a2fbf50ad5da92243d06ad975

Summary:

• Fund Performance: Achieved a 13.97% return in SGD terms from inception on 13 May 2024 to 31 December 2024.​

• Top Performing Countries:

  • Singapore: +24.2%​
  • Japan: +23.0%​

• Underperforming Countries:

  • Indonesia: -22.4%​
  • South Korea: -5.4%​

• Top Contributors:

  • DBS Group Holdings: +27.5%​
  • Sumitomo Mitsui Financial Group: +29.2%​
  • Oversea-Chinese Banking Corporation (OCBC): +23.9%​

• Key Detractors:

  • Bank Rakyat Indonesia: -21.6%​
  • Hana Financial Group: -2.6%​
  • Malayan Banking Berhad: -3.4%​

• Market Environment: The fund's performance was influenced by global monetary easing, with the Federal Reserve initiating rate cuts and China implementing policies to stimulate economic growth.​

Note: All data is sourced from the Lion-OCBC Securities APAC Financials Dividend Plus ETF Annual Report for the financial period from 13 May 2024 to 31 December 2024.