ETF turnover in Singapore rises by 56% in 2009

SGX says 90% of ETFs listed on the exchange track offshore markets and non-equity underlying instruments, such as commodities. ETFs tracking international markets also account for over 90% of turnover on the exchange, unlike other markets in Asia where ETFs based on domestic underlyings typically dominate trading activity. The three most active ETFs by turnover on SGX last year were the iShares MSCI India, the Lyxor ETF India replicating the S&P CNX Nifty index and the SPDR Gold Shares ETF. These funds collectively constituted around 60% of total ETF turnover on the exchange. SGX h...