SGX Welcomes Listing of UOBAM Ping An FTSE ASEAN Dividend Index ETF — Expanding Income Investment Options for ASEAN Exposure

Date: 29 January 2026

Key Highlights

• SGX Stock Exchange lists the UOBAM Ping An FTSE ASEAN Dividend Index ETF, giving investors access to a broad basket of top dividend-paying companies in the ASEAN region.
• The ETF is managed by UOB Asset Management and tracks the FTSE ASEAN ex REITs Target Dividend Index, comprising 57 large and mid-cap companies from Singapore, Indonesia, Thailand, Malaysia, and the Philippines.
• Units are available in both SGD and USD, under stock codes UPD and UPU, respectively, making it accessible to a wider range of investors.
• The ETF focuses on defensive sectors and provides a higher dividend yield compared to the broader FTSE ASEAN Index, appealing to income-seeking investors, especially in uncertain market conditions.
• SGX’s ETF shelf expands to 52 listings, with combined assets under management exceeding S\$18 billion, reinforcing SGX’s position as a leading platform for ETF investments in Asia.

Details for Investors

The newly listed UOBAM Ping An FTSE ASEAN Dividend Index ETF offers investors a cost-efficient vehicle to gain diversified exposure to established market leaders across five key ASEAN markets. By focusing on companies with strong dividend policies and robust fundamentals, the ETF aims to deliver both income and stability, potentially reducing portfolio volatility.

The fund excludes REITs and strategically tilts towards defensive sectors, which tend to perform better during economic downturns. Its low correlation with major global markets also provides an added diversification benefit for global investors who wish to tap into Southeast Asia’s growth while seeking protection against broader market swings.

Ng Yao Loong, Head of Equities at SGX Group, highlighted ASEAN’s compelling investment proposition, supported by strong structural growth factors and government efforts to deepen capital markets. He emphasized that the new ETF makes it easier and more affordable for investors to access a diversified portfolio of high-quality, dividend-paying ASEAN equities through a single SGX-listed product.

Thio Boon Kiat, Group CEO of UOBAM, reinforced the region’s role as a key driver of wealth creation in Asia, citing favorable demographics and structural growth. He noted that the ETF gives investors straightforward access to both dividend income and ASEAN’s long-term growth prospects, aligning with the increasing investor demand for stability and yield in volatile markets.

Potential Shareholder Impact & Price Sensitivity

• Increased ETF listings and AUM may boost SGX’s revenue and profile, potentially supporting its share price as it strengthens its role as a leading ETF trading hub in Asia.
• Rising investor interest in income-oriented strategies could drive both trading volumes and investor participation, benefiting SGX’s core business.
• The collaboration with UOBAM, a major asset manager, further enhances SGX’s market positioning and could attract more fund launches and listings in the future.
• Robust demand for defensive, yield-based investment products in uncertain markets may signal positive momentum for both SGX and UOBAM, potentially impacting their respective valuations.

Broader Market Implications

The launch of this ETF is highly relevant for investors seeking:

• Diversification across ASEAN markets with a focus on companies demonstrating strong and consistent dividend payouts.
• Access to both SGD and USD denominated units, which broadens the investor base and enhances liquidity.
• Participation in ASEAN’s long-term growth story while enjoying the defensive stability of high-dividend stocks.

Furthermore, the ETF complements SGX’s existing Asia-focused ETF lineup, reinforcing the exchange’s reputation as a trusted and innovative gateway for global capital into the region.

About the Organizations

SGX Group operates as a world-renowned international marketplace for equity, fixed income, currency, and commodity trading. It is dedicated to high regulatory standards and is recognized for its risk management and clearing capabilities. SGX also leads in sustainability through its SGX FIRST platform.

SGX Stock Exchange is Asia’s leading international marketplace for companies and investors, with about 40% of listed companies originating outside Singapore. It offers global connectivity and a robust suite of products, making it the listing venue of choice for long-term growth.

Media Contact

Elgin Seah
Marketing & Communications
+65 8963 7236
[email protected]

Disclaimer: The above article is for informational purposes only and does not constitute investment advice, an offer or solicitation to buy or sell any securities. Investors should conduct their own research or consult a financial advisor before making any investment decisions. The information is based on publicly available sources as of the date of publication and may be subject to change.

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