THE first actively managed exchange-traded fund (ETF) will list on the Singapore Exchange (SGX) at the end of this month, coming shortly after new rules allowing for such instruments were unveiled.

It marks an interesting evolution in the local investment landscape that is likely to be beneficial for both retail investors and SGX, as a wider range of offerings will become available on the local bourse.

Retail investors will now have a cheaper and more liquid alternative to the usual actively managed unit trusts offered by advisers.