Singapore Exchange (SGX) today said exchange traded funds (ETFs) trading grew 33% in FY2010 while the number of ETFs doubled.
Turnover rose to $5.11 billion in the year to 30 June. Including four ETFs from Deutsche Bank listed this week, the number of ETFs available on SGX stood at 72, the second highest among Asian exchanges.
Underscoring SGX’s position as Asia’s most international exchange, non-domestic ETFs contributed over 90% of turnover. The most actively traded ETFs were those offering exposure to gold, India-based markets, and China A-shares.
Other highlights for SGX-listed ETFs in FY 2010 include:
- the addition of a new asset class - money markets - via six ETFs covering Australian, European, US and Singapore money markets,
- the listing of Asia’s first Indonesia equity ETF, the db x-trackers MSCI Indonesia TRN Index ETF
- the addition of five new international fixed income ETFs
Mr. Chew Sutat, Executive Vice President and Head of Securities at SGX said, “SGX-listed ETFs allow customers to implement different investment strategies on a single platform, thereby providing investors easy access to international economies and markets. We will continue to enhance our ETF offerings in terms of markets and asset classes, while growing the user base and improving investor knowledge.”