$Lion-OSPL Low Carbon S(ESG.SG)
Context: The stock market and tech equities have corrected recently driven by interest rate hike concerns and other factors. Singapore stocks and indices faced pullbacks as well. I think this environment offers investors an opportunity to DCA and enter into high dividend yield local stocks and ETF. One such choice is Lion-OCBC Securities Singapore Low Carbon ETF (SGX: ESG) that offers a dividend yield of more than 5% at current price.
My trade: I initiated a new position in this ETF during the recent market correction to secure the solid dividend yield backed by Singapore’s banks, core real estate reits, and industrial leaders.
Takeaway:
Deploying capital into local high dividend low carbon ETF during broader market corrections can help to cushion my portfolio volatility and locking in reliable, recurring income stream at the same time. Moving forward, I am prepared to add more to lower my cost basis if opportunity arises.