SUBSCRIBERS
Phillip SGD money market ETF debuts on SGX with initial AUM of S$100m
Published 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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Macquarie sees biggest profit dip in 15 years on commodities downturn
HSBC appoints ex-Citi banker as new Singapore head of global banking
H2G Green chief to stand trial on Aug 5 amid MOM probe
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Microsoft adds security chiefs to product groups in wake of hacking woes
Singapore shares climb at Friday’s open; STI up 0.2%