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Tiger Brokers (Singapore) Expands Offerings with Singapore’s First L&I ETPs in Partnership with Phillip Capital Management

SINGAPORE, Dec 1, 2021 - (ACN Newswire via SEAPRWire.com) - Xiaomi-backed online brokerage Tiger Brokers (Singapore) ("Tiger Brokers") today announced its partnership with Phillip Capital Management (PCM), the award-winning Asian fund management company. Tiger Brokers has joined PCM as a new Distribution Partner and a Participating Dealer for PCM's two newly launched exchange-traded products, namely Phillip MSCI Singapore Daily Leveraged & Inverse Products (collectively "Phillip L&I Products").With effect from 1 December 2021, Singapore-based traders and investors[1] will be able to trade Phillip L&I Products through Tiger Brokers' platform, Tiger Trade. These products would allow investors and traders to achieve a constant daily leveraged or inverse exposure, to the MSCI Singapore Index which covers about 85 per cent of free-float market capitalisation in the Singapore Exchange universe. The MSCI Singapore index is designed to measure the performance of the large- and mid-cap segments of Singapore equities.The trading of units on Phillip L&I Products will commence on Tiger Brokers' trading platform on 1 December 2021.Mr Eng Thiam Choon, CEO of Tiger Brokers (Singap...