21 January 2022, 5:59 pm
21 January 2022, 5:59 pm
21 January 2022, 5:59 pm
21 January 2022, 5:59 pm
21 January 2022, 5:59 pm
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.
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|
|Position Management||No||Futures rollover; margin top-up where needed|
With effect from 1st July 2014, this FATCA Notice (the “Notice”) forms part of the terms and conditions of our products and services (the “Terms and Conditions”) governing your relationship (“you”, “your”, “yours” referred to herein include joint-account holders and beneficiary holders of an entity who are a natural person) with Phillip Capital Management (S) Ltd and its related corporations (collectively referred to herein as “PCM”, “us”, “we” or “our”) and should be read in conjunction with those Terms and Conditions, including those under our Personal Data Protection Notice.The existing terms and conditions of any contractual agreement entered into between PCM a nd you (the “Existing Terms and Conditions”) remain in full force and effect. In the event of any conflict or inconsistency between the provisions of this Notice and those of the Existing Terms and Conditions, the provisions of this Notice shall prevail.
We may from time to time update the Terms and Conditions listed here to ensure their consistency with our future developments,industry trends and/or any changes in legal or regulatory requirements. Such updates will be published at http://www.phillipfunds.com/ .
This Website, its services and contents are provided for your use by PhillipCapital, which is a group of companies who together offer a full range of financial services to retail, corporate and institutional customers. Member companies in Singapore include Phillip Securities Pte Ltd, Phillip Securities Research Pte Ltd, Phillip Financial Pte Ltd, Phillip Futures Pte Ltd, Phillip Trading Pte Ltd, Phillip Capital Management (S) Ltd, Phillip Private Equity Pte Ltd, Phillip Japan Fund Management Pte Ltd, CyberQuote Pte Ltd, IFS Capital Limited and ECICS Limited. Member companies can otherwise be identified by their authorised use of PhillipCapital brand name along with their own name in their documentation and literature.
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