SGX licenses three futures-based indices to Taiwan ETF Yuanta SITC

The MSCI EM series Futures Indices is said to be the world’s first.

The Singapore Exchange (SGX) is licensing three futures-based indices to Taiwanese exchange-traded fund (ETF) Yuanta SITC, an announcement revealed.

The futures indices provide inverse, leverage and market exposure through the MSCI Emerging Markets (EM) Futures.

According to SGX, the futures-based indices offers varying levels of exposure to the MSCI EM Futures traded on the Intercontinental Exchange (ICE) and support tradable ETFs that will list on the Taiwan Stock Exchange.

The three SGX Index Edge indices that will launch on Yuanta SITC are the Futures Index Excess Return (ER) on MSCI EM, Futures 2X Leverage Index ER on MSCI EM, and Futures 1X Inverse Index ER on MSCI EM. Compiled by SGX Index Edge, the indices are said to leverage its strength in technology and index governance. 

Tsung-Sheng Liu, chairman of Yuanta SITC, noted that the MSCI EM series Futures Indices, including beta, inverse and leverage, will be the first in the world, and will reach a new milestone in Taiwan’s market.

Beyond the growth across Asia Pacific, SGX Index Edge has expanded support for its custom index clients in Europe, having set up a presence in London in 2018.