Lion-Phillip S-REIT ETF

[cyclone]

The Lion-Phillip S-REIT ETF will begin trading on Monday, 30 October 2017 at 9:00 am.
Trading name : Lion-Phillip S-REIT
Stock code : CLR

[Problem.Kid]

May I ask where can we check the live quote of "Morningstar® Singapore REIT Yield Focus Index℠" huh?

[weijian]

I took a quick look.

The first thing I noticed was the lack of a indicative yield - which was weird (does MAS allow this? or did I miss it).

The second was the paragraph below on page 49 under "Taxation of the Fund" section in the prospectus. The non-designated income section is rather long but it seems to exclude REIT income. Therefore, am I right to conclude that holding the ETF will suffer a loss of income equal to 17% of the underlying dividends plus the fund fee of 0.5%?

quote from prospectus:
"Taxable income distribution from Real Estate Investment Trusts (“REITs”) listed in Singapore derived by the Fund will generally be subject to tax withheld at source at the prevailing income tax rate, currently 17%. Such taxable income distribution derived by the Fund is a non-Designated Income and will be subject to tax at the prevailing income tax rate, currently 17%, which could be offset by the tax withheld at source. The gains or profits derived by the Fund from the disposal of units in REITs listed in Singapore are Designated Income."

Budget2018 will address this "senseless" tax. This probably will encourage more indexing to happen (there are currently 2)

Singapore Budget 2018: Tax transparency to apply for S-Reit ETFs

http://www.businesstimes.com.sg/governme...for-s-reit

[ACTIVIST SPEAKS]

Singapore Budget 2018: Tax transparency to apply for S-Reit ETFs ---- At least this will make a ridiculous S-REIT ETFs investment (subject to tax) ridiculous no more.....