The only existing pan-Asian exchange traded fund (ETF) that invests exclusively in real estate investment trusts (REITs) launched in Singapore last week to respond to investor demand seeking to get exposure to a burgeoning property sector in the region. The Phillip SGX APAC Dividend Leaders REIT ETF listed by Singapore-based Phillip Capital Management launched on the Singapore Exchange (SGX) raised over S$40m (US$24m) in initial subscriptions. It is the first physically replicated (cash-based)