KUALA LUMPUR, Sept 18 -- CSOP Asset Management Pte Ltd debuts first ETF - ICBC CSOP FTSE Chinese Government Bond Index ETF (ticker: US$ counter: CYB/ SGD counter: CYC) in Singapore, in partnership with ICBC Asset Management.
Operating since April last year, CSOP Asset Management brings its leading expertise and experience in ETF management to Singapore investors, according to a statement.
The CYB/CYC offers investors opportunities to access the fast growing China onshore bond market, adopting a representative sampling strategy to replicate as closely as possible the performance of the FTSE Chinese Government Bond Index to achieve its investment objective.
Denominated in RMB, CYB/CYC can be created and redeemed in both US$ and RMB in primary market. Post listing, the CYB/CYC trades in both US$ and SGD at board lot size of 10 shares.
As the first SGX-listed ETF investing directly in China onshore bond market, CYB/CYC has attracted a number of institutional investors and US$675,571,000 investment, marking it one of the ETFs with a significantly large initial size on SGX, and also the world’s largest Chinese pure government bond ETF. (US$1= RM4.122)
CSOP Asset Management Limited (CSOP AML) Chairman Zhou Yi said: “CYB/CYC is designed to help capture the investment opportunities brought by the booming China onshore bond market.”
With a dedicated focus in China investing, CSOP AML manages public and private funds, as well as providing investment advisory services to Asian and global investors.
-- BERNAMA
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