SGX to list world's largest Chinese government bond ETF
Trading of the ETF, which is managed by CSOP Asset Management, starts on Sept 21
Singapore
SINGAPORE Exchange (SGX) announced on Thursday the listing of the world's largest Chinese pure government bond exchange-traded fund (ETF) to meet the growing investor demand to access China's bond markets, the second largest in the world after the US, at US$15 trillion.
Priced at US$10 per share during the initial offer period from Sept 10-16, the institutional-grade ICBC CSOP FTSE Chinese Government Bond Index ETF has attracted investor interest with assets under management (AUM) of US$676 million at the end of the subscription period.
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
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
Restaurant Brands tops estimates as Burger King overhaul pays off
Yen falls after suspected intervention on Monday; eyes on Fed
US: Wall St opens lower on labour costs data
TikTok shop tops 500,000 US sellers after 2023 e-commerce launch
Parkway Life Reit Q1 DPU up 4% to S$0.0379