The Stock Exchange of Thailand (SET) lists ThaiDEX SET High Dividend ETF, managed by One Asset Management Limited, on its main board on August 16, under the ticker “1DIV.”
1DIV, an open-end exchange-traded fund (ETF), will mostly invest in constituent stocks of the SET High Dividend 30 Index (SETHD), thus reflecting the price movements of 30 stocks that have constantly paid high dividend yields.
“1DIV focuses on screened stocks which have had good dividend track records for three successive years to meet the demand of those who favor dividend shares,” said SET President Charamporn Jotikasthira.
As at the end of June 2011, the average dividend yield of the constituent stocks of SETHD was 4.28 percent, compared with 3.75 percent of the overall market.
Monrat Phadungsit, President of One Asset Management, said: “This ETF received great attention from both institutional and retail investors during its IPO early this month. It initially raised THB 189.09 million and has a price per unit of THB 10.5049. We believe 1DIV should grow continuously and follow the success of the ThaiDEX SET50 ETF.”
KGI Securities (Thailand) PCL is participating dealer and market maker and Thailand Securities Depository Co., Ltd. is registar for 1DIV.
Currently, the four ETFs listed on Thailand’s stock exchange are KTAM Gold ETF Tracker (GLD), tracking the price of gold; MTRACK ENERGY ETF (ENGY), with the SET Energy & Utilities sector index as the underlying index; ThaiDEX SET50 ETF (TDEX), a SET50 market-weighted index; and W.I.S.E KTAM CSI 300 China Tracker (CHINA), tracking W.I.S.E.-CSI 300 China Tracker.