Lyxor International Asset Management has unveiled five new ETFs on Singapore Exchange Limited (SG...
Lyxor International Asset Management has unveiled five new ETFs on Singapore Exchange Limited (SGX) today.
Four of the ETFs track indices covering markets outside of Asia and the US, marking a first for SGX.
The range of new ETFs comprises the Lyxor ETF Eastern Europe, MSCI Emerging Markets, MSCI EM Latin America, MSCI World and the Nasdaq-100.
The Lyxor ETF Eastern Europe is based on the CECE EUR Index, which consists of equities selected from Hungary, Czech Republic and Poland. The MSCI Emerging Markets replicates the MSCI EMERGING MARKETS index, including countries from Latin America, Eastern Europe, Asia and Africa.
The MSCI EM Latin America ETF tracks the respective index, which comprised 124 stocks in six countries, as of end-April. The MSCI World ETF tracks the respective index which provides exposure to global developed-market equity performance. The Nasdaq-100 ETF tracks the respective index, consisting of the 100 largest Nasdaq-listed companies, many of which are technology-based.
The listing of the five ETFs brings the total ETF offering on SGX to 35 and extends its ETF portfolio coverage beyond Asia and the US,to the rest of the world, says SGX senior vice president and head of Private Investors Andrew Ler.
He adds: "Our next goal is to make SGX the Asian hub for investors to invest globally."
The launch also brings Lyxor's total ETF range on SGX to 18.
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