JPMorgan fund firm launches 3 active ETFs in Singapore; listing here ‘not off the table’
It has total assets under management of US$3.6 trillion
Add BT as a preferred source
[SINGAPORE] JPMorgan Asset Management (JPMAM) registered three active exchange-traded funds (ETFs) in Singapore on Monday (Apr 7), getting the green light to market them to retail investors. The fund rollouts signal its commitment to develop the active ETF segment as a “strategic priority”, said Ayaz Ebrahim, chief executive for Singapore and South-east Asia.
The funds are listed on the London Stock Exchange. To date, there is only one listed active ETF on the Singapore Exchange – the Lion-Nomura Japan Active ETF.
Ebrahim added: “We’re registering it first, and we’ll see the demand over time. A Singapore listing is definitely not off the table. You can say we want to walk before we start running and gauge the appetite first.
TRENDING NOW
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts
Sats slides 13.6% as investors dump shares on profit-margin squeeze
When every phone becomes a satellite phone, what happens to Asia’s telcos?
