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Phillip SGD money market ETF debuts on SGX with initial AUM of S$100m
Add BT as a preferred sourcePublished Mon, Oct 5, 2020 · 09:50 PM
Singapore
THE first Singapore-domiciled money market exchange-traded fund (ETF) started trading on the Singapore bourse on Monday with S$100 million in initial assets under management.
The ETF aims to offer fund managers and brokerage firms an additional liquidity management tool to improve the yield of their clients' cash deposits. Market observers had mixed views on what it brings to the table for retail investors.
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