SGX to list world's largest Chinese government bond ETF
Trading of the ETF, which is managed by CSOP Asset Management, starts on Sept 21
Singapore
SINGAPORE Exchange (SGX) announced on Thursday the listing of the world's largest Chinese pure government bond exchange-traded fund (ETF) to meet the growing investor demand to access China's bond markets, the second largest in the world after the US, at US$15 trillion.
Priced at US$10 per share during the initial offer period from Sept 10-16, the institutional-grade ICBC CSOP FTSE Chinese Government Bond Index ETF has attracted investor interest with assets under management (AUM) of US$676 million at the end of the subscription period.
The ETF, which has an indicative index yield of 3 per cent, is managed by CSOP Asset Ma…
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