Member access

4-Traders Homepage  >  Shares  >  SINGAPORE EXCHANGE  >  Singapore Exchange Limited    SGXL   SG1J26887955

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Singapore Exchange : SGX launches dual currency trading for ETFs

06/07/2012 | 07:23am US/Eastern

Singapore Exchange (SGX) today announced it will launch dual currency trading for ETFs on 15 June, enabling investors to trade foreign-currency denominated ETFs in Singapore dollars. The move will provide investors with trading flexibility in accessing ETFs denominated in a foreign currency.

SGX worked with issuers BlackRock's iShares and CIMB-Principal Asset Management to offer the following ETFs with a secondary trading counter in Singapore dollars:

  • CIMB ASEAN 40 ETF
  • CIMB S&P Ethical Asia Pacific Dividend ETF
  • iShares Barclays Capital Asia Local Currency 1-3 Year Bond Index ETF
  • iShares Barclays Capital Asia Local Currency Bond Index ETF
  • iShares Barclays Capitial USD Asia High Yield Bond Index ETF
  • iShares J.P. Morgan USD Asia Credit Bond Index ETF
  • iShares MSCI India Index ETF

The ETFs will be fungible, i.e. an investor can buy and/or sell the ETF in US or Singapore dollars regardless of the currency in which it was first bought and/or sold.  All the above ETFs are cash based full replication ETFs.

Mr Nels Friets, Head of Securities at SGX said: "With this new offering from SGX, investors can enjoy trading flexibility and cost efficiency while benefitting from investing in ETFs. Issuers will also benefit from a wider pool of investors as those who prefer to trade in Singapore dollars enter the market. We are delighted to have the support of BlackRock and CIMB-Principal in offering investors increased access to our wide suite of ETFs."

SGX introduced dual currency trading for securities on 22 March 2012. Hutchison Port Holdings Trust was the first listed security to launch dual currency units.

-End-


distributed by
React to this article
Latest news on SINGAPORE EXCHANGE LIMITED
02/27 SINGAPORE EXCHANGE : SGX names Tan Boon Gin as new Chief Regulatory Officer
02/24DJSingapore Exchange CEO to Leave Firm -- Update
02/24 SINGAPORE EXCHANGE : SGX CEO Bocker leaving end June
02/24DJSingapore Exchange CEO to Leave Firm -- Update
02/14 Japan Exchange CEO eyes takeovers in certain segments - Boersen-Zeitung
02/13 SINGAPORE EXCHANGE : ASEAN Exchanges meet with the honourable Prime Minister Naj..
02/12 SINGAPORE EXCHANGE : Trading of China Sky shares will resume after company&rsquo..
02/11 SINGAPORE EXCHANGE : SGX appoints Lawrence Wong as head of China business
02/06 Singapore Airlines third-quarter profit surges fourfold
02/04 SINGAPORE EXCHANGE : SGX organises inaugural investment carnival, launches mobil..
Advertisement
Chart
Duration : Period :
Singapore Exchange Limited Technical Analysis Chart | SGXL | SG1J26887955 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF