LGI and CMF launch first emerging Asia ETF traded in SGD

This marks LGI’s seventh ETF on the SGX.

Lion Global Investors (LGI) and China Merchants Fund Management (CMF) launched the world's first emerging Asia exchange-traded fund (ETF) traded in SGD.

The Lion-China Merchants Emerging Asia Select Index ETF replicates the iEdge Emerging Asia Select 50 Index by tracking the 50 largest and most tradable companies in India, Malaysia, Indonesia, and Thailand, providing access to growth in these markets.

The Initial Offering Period (IOP) of the ETF is from November 25 to December 6. The issue price of each unit during the IOP is $1.30. The ETF will be listed on the Singapore Stock Exchange (SGX) on December 11.

Indonesia's Bank Central Asia, India's HDFC Bank, and Thailand's PTT PCL are amongst the ETF’s top constituents, with significant allocations to sectors such as finance, technology, and energy.

The ETF may appeal to investors who are looking to gain access into these growing markets or sectors within India, Malaysia, Indonesia, and Thailand.

LGI’s total ETF Assets under Management (AUM) reached $1b in 2024, whilst its ETF business grew 37% year-to-date (YTD) as of October 31.

The new ETF is LGI’s seventh since it entered the ETF space in 2017. With this addition, LGI will hold the largest number of ETFs on the SGX.