Singapore-listed UOB ETF changes index for enhanced tradability

It aims to enhance investability and operational efficiency for offshore managers.

The Singapore-listed ETF managed by UOB Asset Management, which invests in onshore China stocks, has changed its underlying index for better representation and tradability of the China A-share market.

The FTSE China A50 Index, replacing the United SSE 50 Index ETF, aims to enhance investability and operational efficiency for offshore managers, making the ETF more attractive to international investors.

The ETF now maintains an SGD counter (JK8), in addition to a new USD counter (VK8), with the minimum tick size now 0.001.

With the FTSE China A50 Index including stocks listed on the Shenzhen Stock Exchange, CATL and BYD will now be part of a stock group tracked by this ETF.

The two stocks presently rank amongst the five largest weights of the Index, with CATL maintaining a 6.8% weight and BYD maintaining a 4% weight.