, Singapore

Turnover rises in ETF tracking Shanghai Index

Since the PBOC cut benchmark interest rates on 21 Nov.

Five days after the 16 Nov launching of the Shanghai-Hong Kong Stock Connec, the PBOC cut benchmark interest rates for the first time since July 2012. This involved a 0.25 percentage points cut of the one-year deposit rate to 2.75% and the one-year lending rate was cut by 0.40 percentage points to 5.60%.

According to the SGX, the a significant portion of the ETF’s YTD NAV gain of 40% has occurred with recent volatility in the China indices.

SGX adds that aside from capturing the price performance of the SSE 50 Index, the ETF has alos captured
the volatility of the Index, with average daily ranges of 15 cents over the past five trading sessions. The ETF is currently trading at $2.09 a unit. 

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