SGX lists first active ETF tracking iEdge Singapore Next 50 Index
CGS Fullgoal fund targets $109b mid-cap segment.
SGX has listed the first actively managed exchange-traded fund benchmarked to the iEdge Singapore Next 50 Index.
The CGS Fullgoal Singapore Next 50 Active ETF gives retail and institutional investors exposure to the city-state’s mid-cap segment, which represents about $109b in market capitalisation.
“Singapore’s mid-cap segment is home to many established businesses that are growing, innovating and expanding their regional footprint,” said Ng Yao Loong, head of global financial markets at SGX Group.
The fund is managed by CGS International Securities Singapore Pte. Ltd. and advised by Fullgoal Asset Management (HK) Limited.
The ETF trades under the stock code Q50.
Following the listing, SGX now has 54 ETF listings with combined assets under management exceeding $21b