Singapore Exchange (SGX) announced today the listing of two new exchange-traded funds (ETFs) byLyxor International Asset Management (“Lyxor”), a wholly owned subsidiary of Société Générale. This brings the total number of ETFs on SGX to 92.
The new ETFs offer exposure to Thailand and Indonesia and track the Stock Exchange of Thailand (SET) Total Return Index (SET50 TRI) and the MSCI Indonesia Index respectively. Both indexes areestablished benchmarks widely used by investors. Thailand and Indonesia ETFs were among the top 10most actively traded ETFs on SGX in 2011.
The SGX ETF market has grown strongly in 2011 with an increased turnover of 36% compared to the previous year. The top three traded ETFs were SPDR Gold Shares, iShares MSCI India ETF and DB X- trackers MSCI Asia Ex-Japan ETF.
“These new listings will give investors a wider choice when selecting a benchmark index that fits their investment portfolio. It also adds on to our current wide spectrum of ETFs covering equity, fixed income, money market and commodities, consistent with our positioning as the Asian Gateway for global investors wanting to access growth and capital in Asia,” said Mr Nels Friets, Head of Securities at SGX.
SGX is the first Asian exchange to list ETFs based on Asia-focused sectoral markets, high yieldequity, fixed income, and frontier markets.
