ETP

Phillip MSCI Singapore Daily (2X) Leveraged Product

Intraday NAV

12 August 2022, 6:00 pm


1.153

Intraday NAV

12 August 2022, 6:00 pm


1.58

Previous Day NAV USD

 


1.155

Previous Day NAV SGD

 


1.582

Total Assets updated as at 11/08/2022

2,388,378
Total Assets SGD

   NAV

Average Daily Tracking                    Difference

        0.013%

Year to Date for 2022
(as of 29 Jul 2022)

Note:
For Leveraged Product, Daily NAV is measured against 2x SIMSCI index (valued at 5.30pm SGT every day)

INVESTMENT OBJECTIVE AND APPROACH

To provide investment results that, before fees and expenses, closely correspond to twice (2x) the daily performance of the MSCI Singapore Index. A combination of futures-based synthetic replication strategy and direct investments into the underlying Securities of the Index is employed to achieve the leverage factor of 2x. Rebalancing is done everyday to achieve a daily constant leverage exposure.

This Exchange-Traded Product is classified as an SIP (Specified Investment Product) and Prescribed Capital Markets Products.

KEY FACTS

Fund Name
Phillip MSCI Singapore Daily (2x) Leveraged Product
Benchmark Index
MSCI Singapore Index
Productee
HSBC Institutional Trust Services (Singapore) Limited
Valuation
Daily
Manager
Phillip Capital Management (S) Ltd
Distribution Policy
Annually
Management Fee
0.90% per annum
EIP / SIP Classification
SIP (Specified Investment Product)
Replication Method
Combination of futures-based synthetic replication strategy and direct investments
External Legal Counsel to the Manager
Simmons & Simmons JWS Pte. Ltd.

COMPARISON WITH DIRECT SIMSCI FUTURES:

Leveraged Product SIMSCI Futures
CIS Code compliant fund? Yes No
Link to underlying price Tracks price of underlying index Same as Leveraged Product
Leverage factor 2x Very high (>10x)
Losses limited to initial investment? Yes No
Maturity date No maturity date Monthly contract
Minimum required exposure? ~ $200 ~ $3k (1 SIMSCI contract, assume 10% margin)
Traded on public exchange? Yes Yes
Margin account? No Yes
Position Management No Futures rollover; margin top-up where needed
Forced liquidation? No Yes

TRADING INFORMATION

Trading Name
PHIL Long SiMSCI2X S$; PHIL Long SiMSCI2X US$
Bloomberg Ticker
BULLSG2X, BULLSG2XU
Trading Board Lot Size
100
Stock Code
LSS; LSU
ISIN
SGXC98031534
Trading Currency
SGD, USD
Designated Market Makers
Phillip Securities Pte Ltd
Participating Dealers
Phillip Securities, Tiger Brokers (Singapore), Flow Traders
Creation / Redemption Size
50,000 Units. Only cash creation and redemption
Listing
Singapore Exchange Securities Trading Limited (“SGX-ST”)

INDEX INFORMATION

Index Provider
MSCI Inc
Float-adjusted market capitalization coverage
~85% of Singapore Equity Universe

DOCUMENTS

Factsheet

Product Highlight Sheets

Prospectus

Annual Report

Semi-Annual Report

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