SGX ready to list active ETFs
Navene Elangovan &
Mia Pei
SINGAPORE Exchange Regulation (SGX RegCo) on Monday (Dec 4) launched new listing requirements for actively managed exchange-traded funds (ETFs) to meet evolving market needs.
An active ETF is one in which the investment manager makes decisions on the portfolio of the ETF without being subject to set rules of an index, according to the newly released practice note by SGX RegCo.
“The measures address transparency for investors, with requirements for fund managers to publish indicative net asset value throughout the trading day, disclose net asset value daily, and publish fund performance and portfolio holdings on a monthly basis,” said the Singapore Exchange.
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