Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

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
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 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.


distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
React to this article
07:21a SINGAPORE EXCHANGE : wins exclusive Baltic Exchange talks
05/25 SINGAPORE EXCHANGE : Ex-SGX CEO Magnus Bocker Joins Kouclo Group Chinese Enterpr..
05/25 GUOCOLAND : Eurostop systems selected by two new luxury retail developments in S..
05/25 Singapore Exchange in talks to buy London's Baltic Exchange
05/25DJSingapore Exchange in Exclusive Talks to Buy Baltic Exchange -- Update
05/25DJSINGAPORE EXCHANGE : in Exclusive Talks to Buy Baltic Exchange
05/25 SINGAPORE EXCHANGE : SGX enters into exclusive discussions with the Baltic Excha..
05/23 VIBRANT : to Offer Panda Bonds in China
05/20 SINGAPORE EXCHANGE : SGX welcomes Manulife US REIT to Mainboard
05/19 SINGAPORE EXCHANGE : MAS Makes It Easier For Retail Investors to Buy Corporate B..
News chart
Full-screen chart
Income Statement Evolution
More Financials