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Asset Management / Wealth Management
China A-shares ETF debuts on Singapore Exchange
Gold, Reits and fixed income ETFs see spike in trading activity
The Asset 18 Apr 2024

Singapore Exchange (SGX) welcomes the listing of Phillip-China Universal MSCI China A 50 Connect ETF, the largest exchange-traded fund outside of mainland China that tracks the MSCI China A 50 Connect Index.

The index covers 50 large and mid-cap stocks listed in Shanghai and Shenzhen, providing investors exposure to various key industries. The ETF recorded the highest net inflow in March 2024 with S$69 million (US$52.7 million) in net creations.

Overall, gold, real estate investment trusts (Reits) and fixed income ETF saw turnover increase 138%, 64% and 8%, respectively, in March, compared with February, according to SGX Securities. Equity ETFs plunged 24%,  the largest drop among all asset classes.

SPDR Gold Shares, Lion-OCBC Securities Hang Seng Tech ETF, and STI ETF were the top three performing ETFs with the highest turnover.

Gold ETFs recorded the highest turnover of S$117.5 million in March as gold prices achieved a new all-time high of over US$2,220 an ounce amid growing anticipation of coordinated interest rate reductions by major central banks.

ICBC CSOP FTSE Chinese Government Bond Index ETF recorded the second-highest inflows of S$29 million. The 30-year Chinese government bond yields are down nearly 40bps this year, hitting a record low of below 2.4% in March.

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