csop china bond etf sgx
It offers a low-cost and liquid avenue for global investors to gain access to Chinese assets through Singapore, at a time when China’s bond market is increasingly opening up to greater foreign investor participation. The ICBC CSOP FTSE Chinese Government Bond Index ETF has listed on Singapore Exchange (SGX) and is available in US dollar (CYB SP) and Singapore dollar (CYC SP) trading lines. Global index publisher FTSE Russell will announce a decision next week on whether to add the Chinese bonds to its global benchmark. SINGAPORE Exchange (SGX) announced on Thursday the listing of the world's largest Chinese pure government bond exchange-traded fund (ETF) that will meet the growing investor demand to access China's onshore bond markets. Apple MacBooks And Mac Mini (2020): Are They Worth It? %PDF-1.5 “CSOP AM, a subsidiary of Shenzhen-based China Southern Asset Management, has now announced that the ETF, the first Singapore-listed ETF investing directly in China’s onshore bond … Another recently-launched ETF is the ICBC CSOP FTSE Chinese Government Bond Index ETF (SGX: CYC)(SGX: CYB). The fund garnered resounding investor interest with an initial assets under management (AUM) of US$676 million (RMB 4.6 billion) at the end of the subscription period, demonstrating robust demand for efficient access to China’s bond markets – the second largest bond market in the world at US$15 trillion. The market turnover value of SGX-listed ETFs was S$4.1 billion in FY2020 ended June, up 70 per cent on year. Tell us what you think. BlackRock launches China onshore local currency bond ETF, KraneShares launches China government and policy bank bond ETF in Europe, UBS launches China government and policy bank bond ETF, Citi expands WGBI and onshore China bond index suites, Fullgoal becomes first Chinese issuer to list ETF in Europe, CSI to launch China Development Bank bond index, CICC lists Bloomberg Barclays China Treasury ETF in Hong Kong, China AM launches China Treasury & Policy Bank Bonds ETF in Hong Kong. Foreigners hold about $400 billion in the bonds. CSOP Asset Management has made its ETF debut in Singapore. 4 0 obj It is the world’s largest Chinese pure government bond ETF and the China government bonds under the ETF are A1-rated. The launch of the ICBC CSOP FTSE Chinese Government Bond Index ETF also helps develop the offshore yuan market in Singapore and comes as the SGX competes with Hong Kong's exchange for business. As the first SGX-listed ETF investing directly in China onshore bond market, CYB/CYC has attracted a number of institutional investors and USD675, … Please confirm for access to all your SPH accounts. stream Beyond the potential boost from flows linked to these mainstream indices, Chinese government bonds may also appeal to investors searching for enhanced yield without wishing to venture into junk bond territory – the ETF’s underlying index is currently yielding 2.98%. VanEck: Why is China excluded from global bond indices? We believe this China-themed fixed income ETF with relatively low cost, easy access and diversified bond holdings will suit the local investors’ demand of seeking for a relatively stable yield.”, Ms Jacqueline Loh, Deputy Managing Director for Markets and Development, MAS, said: “The listing of the first China bond ETF in Singapore is most timely. Continuing foreign inflow into China bonds As of August 2020 foreign institutions held more than USD 400 billion of onshore China bonds, nearly 4 times of the amount held as of 2015. ICBC CSOP FTSE Chinese Government Bond Index ETF will start trading on 21 September, 9:00 am, CSOP Asset Management’s inaugural ETF on SGX will kick off with US$676 million (RMB 4.6 billion) in assets under management, SGX Welcomes The World’s Largest Chinese Pure Government Bond ETF Issued By CSOP Asset Management. “, Loh Boon Chye, Chief Executive Officer of Singapore Exchange, commented, “We are honored that CSOP Asset Management, a well-known ETF leader in Asia, has picked SGX to be the listing venue of choice for their landmark ETF. This press release features multimedia. Please download the latest version of your preferred browser below. "SGX will continue to work with issuers and business partners to develop a multi asset ETF product shelf that meets the demands of the investment community," Mr Loh said. Managed by CSOP Asset Management (CSOP AM), the institutional-grade ICBC CSOP FTSE Chinese Government Bond Index ETF … FTSE Russell is expected to announce its decision to include Chinese government bonds within the widely followed FTSE World Government Bond Index later this week, following the index provider’s latest semi-annual review. Managed by CSOP Asset Management (CSOP AM), the institutional-grade ICBC CSOP FTSE Chinese Government Bond Index ETF has attracted investor interest with initial assets under management (AUM) of US$676 million at the end of the subscription period. I hope ICBC CSOP FTSE Chinese Government Bond Index ETF listed on SGX will contribute to the internationalization of RMB and the development of Singapore’s offshore RMB market. China bond market – 2nd largest bond market in the world The size of China bond market: USD15 trillion, the second largest bond market in the world 1. KraneShares launches China USD high-yield bond ETF, Deutsche AWM launches Europe’s first China sovereign bond ETF, Source and CSOP cross-list China A-shares ETF on SIX Swiss Exchange, BlackRock introduces USD-hedged share class for China CNY bond ETF, China-Hong Kong “ETF Connect” commences with quadruple launch, LSE builds presence as premier listing venue for offshore RMB investments, Use of this website is subject to the terms of our, CIBC unveils three active multi-sector bond ETFs on TSX, Tabula launches US ‘enhanced inflation’ ETF, Rareview Capital debuts two active fixed income ETFs targeting CEFs, Amundi expands Prime suite with ultra-short euro govies ETF, Janus Henderson launches active AAA CLO ETF, Avantis Investors launches debut fixed income ETFs, BlackRock targets ‘quality junk’ with iShares BB Rated Corporate Bond ETF, Phillip Capital launches South East Asia’s first money market ETF. Loh Boon Chye, chief executive officer of SGX, said global fixed income investors have been turning to Chinese sovereign bonds for added diversification and yields, and the ETF is a strong addition to SGX's platform. Global fixed income investors have been turning to Chinese sovereign bonds for added diversification and yields, and this product is a strong addition to our platform. The ETF will start trading on September 21, 9 am Singapore time. The launch comes as foreign investors stream into China's onshore yuan bonds and as it steps up efforts to deregulate its capital markets and promote global use of the yuan. SGX welcomes the world’s largest Chinese pure government bond ETF issued by CSOP Asset Management - Singapore Exchange (SGX) Your current browser or operating system version is unsupported. CSOP AM expects to launch more new products down the road. Mr Loh Boon Chye, Chief Executive Officer of SGX, said, “We are honoured that CSOP Asset Management, a well-known ETF leader in Asia, has picked SGX to be the listing venue of choice for their landmark ETF. We look forward to a win-win cooperation with all parties. Chinese government bonds can also serve as a portfolio diversifier as yields have historically exhibited a near-zero correlation with US, German, and Japanese counterparts. ICBC CSOP FTSE Chinese Government Bond Index ETF is designed to help capture the investment opportunities brought by the booming China onshore bond market and its continuous inclusion into the world’s major global indices. The debut of this product class marks a new milestone for Singapore’s financial sector, as we continue to connect global investors to Asia’s promising market opportunities.”, Mr Gu Jian’gang, Chairman of ICBC Wealth Management, said, “We are glad to cooperate with leading business partners like CSOP to continuously provide high-quality services to global investors. Retail brokers in Singapore said the fund could attract interest from customers seeking exposure to an asset class that professional investors think holds promise. Hong Kong-based CSOP Asset Management has debuted in Singapore with the launch of the city-state’s first ETF tracking government bonds issued in mainland China. SHANGHAI/SINGAPORE (Reuters) - The largest exchange-traded fund to invest purely in Chinese government bonds lists in Singapore next week, the bourse and the fund manager said on Thursday, capitalising on surging interest in the world's second-biggest bond market. SGX will continue to work with issuers and business partners to develop a multi-asset ETF product shelf that meets the demands of the investment community.”, Email address (will not be published) (required). The Sub-Fund is an exchange traded fund listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”) and the Shares of this Sub-Fund are … 198402668E, premium content on your favourite platforms, Thai king's praise for defiant loyalist draws controversy, JC Penney lenders led by Aurelius seek to slow property sale, AIG settles foreign tax-credit suit for more than US$400m, Ant IPO pricing was determined on Friday, Alibaba founder Jack Ma says, Malaysia's king to consult with rulers amid talk of emergency, Nanofilm IPO shares priced at S$2.59; subscribed 19 times, Japan mulls 10t yen extra budget to counter coronavirus, Facebook, Twitter CEOs to testify post-election: US Senate panel. endobj endobj The fund has been launched in partnership with ICBC Asset Management, the investment arm of the state-owned Industrial and Commercial Bank of China.. It was developed in partnership with ICBC Wealth Management and ICBC Asset Management (Global) as investment advisors. %���� SGX provides a multi-asset platform that supports the internationalization of China and investor access to Asia’s largest economy. As the first SGX-listed ETF investing directly in China onshore bond market, CYB/CYC has attracted a number of institutional investors and USD675, 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. Zhou Yi, Chairman of CSOP Asset Management, commented, “We are very glad to bring our first SGX-listed ETF product to global investors. The ICBC CSOP FTSE Chinese Government Bond Index ETF has listed on Singapore Exchange (SGX) and is available in US dollar (CYB SP) and Singapore dollar (CYC SP) trading lines..
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