Lion Global Investors to list Singapore's first active bond ETF on SGX

The LionGlobal Short Duration Bond Fund (Active ETF SGD Class) is Singapore’s first active bond ETF on the Singapore Exchange and first listed share class of an existing fund. This is Singapore’s first fund with both unlisted and listed share classes that adopt the same active strategy.

The new active ETF powered by Lion Global Investors’ inhouse fixed income expertise complements existing fixed income products to expand investor choice as the addition of this ETF marks LGI’s first foray into the Fixed Income ETF space.

SINGAPORE, SEPTEMBER 8, 2025 – Lion Global Investors (LGI) today announced that it will list the LionGlobal Short Duration Bond Fund (Active ETF SGD Class) on the Singapore Exchange (SGX) on 29 September 2025. This is Singapore’s first active bond ETF and the first listed share class of an unlisted mutual fund on SGX.

The LionGlobal Short Duration Bond Fund (Active ETF SGD Class) aims to provide total return of capital growth and income over the medium to long term, through an actively managed portfolio of Singapore and international bonds, high quality interest rate securities and other related securities. While there is no target industry or sector, the fund will generally invest in bonds with investment grade quality and may also invest or expose the Fund to sub-investment grade securities. The ETF invests in a diversified portfolio of high-quality, short-term bonds from both Singapore and global issuers.

As one of the fastest growing and largest ETF issuers on SGX, this will be LGI’s ninth ETF and second active ETF. This milestone marks a strategic expansion of the firm’s ETF business as the LionGlobal Short Duration Bond Fund (Active ETF SGD Class) will be the firm’s first fixed income ETF.

Teo Joo Wah, CEO, Lion Global Investors: “LionGlobal Short Duration Bond Fund has a track record of strong performance since its inception in 1991, being one of our flagship bond funds. This listed active ETF SGD Class is a notable addition to the LGI family of ETFs as investors continue to seek out cost-effective, income-producing strategies to help diversify their portfolios.”

“With the LionGlobal Short Duration Bond Fund (Active ETF SGD Class), the first actively managed offering in our fixed income ETF line-up, we believe investors will benefit from the extensive experience, research and portfolio management of our fixed income team, along with the inherent features of an ETF. At the same time, it will also contribute positively to the development of the active ETF market on SGX.”

Growing demand for Active ETFs

Active ETFs continue to be one of the fastest growing segments of the ETF market globally. According to Bloomberg, active ETFs have taken in about 28% of all flows into ETFs in 2025 as of 30 April 2025.

LGI continues to expand its suite of products to meet this client demand by either offering new ways to access the market or expanding access to flagship strategies. With the launch of the LionGlobal Short Duration Bond Fund (Active ETF SGD Class), LGI reaffirms its commitment to delivering innovative actively managed fixed income solutions that meet the evolving needs of today’s investors.

“LGI delivers differentiated expertise and content in ways that align with our clients’ evolving preferences, which increasingly include both active and passive strategies. These products are designed to meet increasing client demand for fixed income and active ETFs, two of today’s most significant trends in the market,” said Mr Teo.

Short Duration Bonds as a Strategic Allocation in Portfolio Construction

As fixed income plays an increasingly strategic role in portfolio construction, LionGlobal Short Duration Bond Fund (Active ETF SGD Class) will be a differentiated solution with flexibility as an ETF.

Chu Toh Chieh, Head of Fixed Income and Multi-Asset Solutions at Lion Global Investors, who is also the Senior Portfolio Manager for the LionGlobal Short Duration Bond Fund: “In the current environment of heightened market uncertainty, the LionGlobal Short Duration Bond Fund’s short duration nature and active strategy may offer potential advantages in managing interest rate sensitivity and income-seeking opportunities as it has a more diversified bond portfolio compared to other SGX-listed bond ETFs. We take pride in our longstanding track record of high-quality fixed income management and this ETF demonstrates our commitment in delivering thoughtful, investor-focused strategies that reflect the strength of our in-house expertise.”

Strong Competency in Fixed Income Space

LGI has over four decades of fixed income investment experience and currently manages approximately SGD 56.8 billion of fixed income Assets Under Management (FI AUM) as of 30 June 2025. The firm has a stable team of fixed income portfolio managers with an average of 29 years of investment experience, with majority of them collaborating at LGI for the last 19 years.

The LionGlobal Short Duration Bond Fund was incepted since 22 March 1991 and is managed by LGI’s 23-member strong Fixed income team. The fund’s Class A SGD (Dist) share class has been included under the Singapore Central Provident Fund Investment Scheme (CPFIS) Ordinary Account (OA) and Special Account (SA) since January 2014. With the fund’s long-standing track record of over three decades and managed by experienced investment professionals, this ETF will provide a simple, and cost-effective solution for income-focused investors seeking resilience and flexibility in a falling rate environment.

Initial Offering Period
The Initial Offering Period (IOP) of the LionGlobal Short Duration Bond Fund (Active ETF SGD Class) is from 8 September until 23 September 2025. During the IOP, investors may subscribe to the ETF through OCBC ATMs/internet banking/mobile banking as well as Participating Dealers that include DBS Vickers Securities, iFAST Financial Pte. Ltd., Maybank Securities, OCBC Securities Pte. Ltd. and Phillip Securities Pte. Ltd. The Issue Price of each unit during the IOP is SGD 1.00.

The ETF will list on the SGX on 29 September 2025 and will be available in SGD and USD under the SGX codes of SBO and SBV respectively.

For more information about the LionGlobal Short Duration Bond Fund (Active ETF SGD Class), visit www.lionglobalinvestors.com

Disclaimer – Lion Global Investors Limited

This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. It is for information only, and is not a recommendation, offer or solicitation to deal in any capital markets products or investments and does not have regard to your specific investment objectives, financial situation, tax position or particular needs.

The LionGlobal Short Duration Bond Fund (the “Fund”) is not like a typical unit trust offered to the public in Singapore. The Fund comprises both classes of units listed and traded on the Singapore Exchange (“SGX-ST”) and classes of units which are neither listed on the SGX-ST nor any other stock exchange.

You should read the prospectus and Product Highlights Sheet for the Fund, which is available and may be obtained from Lion Global Investors Limited (“LGI”) or any of the appointed Participating Dealers (“PDs”), agents or distributors (as the case may be) for further details including the risk factors and consider if the Fund is suitable for you and seek such advice from a financial adviser if necessary, before deciding whether to purchase units in the Fund. Applications for units in the listed or unlisted classes of the Fund must be made in the manner set out in the prospectus. Investments are subject to investment risks including the possible loss of the principal amount invested. The Fund replacement prospectus has not been registered by the Monetary Authority of Singapore.

Investments in the Fund are not obligations of, deposits in, guaranteed or insured by LGI or any of its affiliates and are subject to investment risks including the possible loss of the principal amount invested. The performance of the Fund is not guaranteed and the value of units in the Fund and the income accruing to the units, if any, may rise or fall. Past performance, payout yields and payments as well as any predictions, projections, or forecasts are not necessarily indicative of the future or likely performance, payout yields and payments of the Fund. Any extraordinary performance may be due to exceptional circumstances which may not be sustainable. Any dividend distributions, which may be either out of income and/or capital, are not guaranteed and subject to LGI’s discretion. Any such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value of the Fund. Any references to specific securities are for illustration purposes and are not to be considered as recommendations to buy or sell the securities. It should not be assumed that investment in such specific securities will be profitable. There can be no assurance that any of the allocations or holdings presented will remain in the Fund at the time this information is presented. Any information (which includes opinions, estimates, graphs, charts, formulae or devices) is subject to change or correction at any time without notice and is not to be relied on as advice. You are advised to conduct your own independent assessment and investigation of the relevance, accuracy, adequacy and reliability of any information or contained herein and seek professional advice on them. No warranty is given and no liability is accepted for any loss arising directly or indirectly as a result of you acting on such information. The Fund may, where permitted by the prospectus, invest in financial derivative instruments for hedging purposes or for the purpose of efficient portfolio management. LGI, its related companies, their directors and/or employees may hold units of the Fund and be engaged in purchasing or selling units of the Fund for themselves or their clients.

The Fund is an actively managed fund. Please refer to the Prospectus for further details, including a discussion of certain factors to be considered in connection with an investment in the listed units of the Fund on the SGX-ST.

The listed units of the Fund are listed and traded on the Singapore Exchange (“SGX”) and may be traded at prices different from their net asset value, suspended from trading, or delisted. Such listing does not guarantee a liquid market for the units. You cannot purchase or redeem listed units in the Fund directly with the manager of the Fund, but you may, subject to specific conditions, do so on the SGX or through the PDs.

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About Lion Global Investors Limited

Lion Global Investors Limited (Co Reg No. 198601745D) is a part of Great Eastern Holdings and a member of the Oversea-Chinese Banking Corporation Limited (OCBC) Group. Established since 1986, it is a leading and one of the largest asset management companies in Southeast Asia, uniquely positioned to provide Asian equities and fixed income strategies and funds to both institutional and retail investors. As at 30 June 2025, our assets under management (AUM) stands at S$74.7 billion (US$58.6 billion). www.lionglobalinvestors.com

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