Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Singapore Exchange : SGX launches dual currency trading for ETFs

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/07/2012 | 01:23pm CEST

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on SINGAPORE EXCHANGE LIMITED
04/26 Parkson to invest up to RM7m to expand learning centre business
04/26 SINGAPORE EXCHANGE : CCB Gears Up in Singapore
04/26 SINGAPORE EXCHANGE : SGX welcomes Zhongrong International as Derivatives Trading..
04/26 SINGAPORE EXCHANGE LIMITED : ex-dividend day for interim dividend
04/25 SINGAPORE EXCHANGE : SGX partners China Construction Bank to promote Singapore&r..
04/22 SINGAPORE EXCHANGE : Senior maritime executives discuss opportunities at the ina..
04/20 SINGAPORE EXCHANGE : Ambassador discusses long Myanmar friendship
04/20 SINGAPORE EXCHANGE : SGX reports 3Q performance with net profit of $89 million
04/20DJSingapore Exchange 3Q Net Profit Up 1.1%
04/20 SINGAPORE EXCHANGE : SGX welcomes China Star Food Group to Catalist
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials