KUALA LUMPUR, Nov 11 -- CSOP Asset Management will list its second Exchange-Traded Fund (ETF) on SGX - CSOP iEdge S-REIT Leaders Index ETF (Stock Code: SGD counter: SRT/ USD counter: SRU) on Nov 18.
The initial offering period has already started on Oct 29, according to a statement.
Chief Executive Officer of CSOP Asset Management, Ding Chen said: “We are pleased to list the ‘CSOP iEdge S-REIT Leaders Index ETF’ on the Singapore Exchange.”
“Following the successful launch of the ‘ICBC CSOP FTSE Chinese Government Bond Index ETF’ in September 2020, this is the second ETF product issued by CSOP in Singapore.”
Advised by JLP Asset Management Asia Pte Ltd, a leading investment manager in global real estate, SRT/SRU will adopt a replication strategy to track the performance of the iEdge S-REIT Leaders Index (the Index) to present the investment opportunities of the S-REITs market.
The SRT/SRU will be available for initial investment in SGD and trading in both SGD and USD at an inception price of SGD 1 with board lot size of 10 units.
A real estate investment trust in Singapore (S-REIT) is a fund on SGX that invests in a portfolio of income generating real estate assets such as shopping malls, offices or hotels, usually with a view to generating income for unit holders of the fund.
Delicately designed by SGX, the Index is the most liquid representation of the S-REITs market in Singapore. It is an adjusted free-float market capitalisation weighted index that measures the performance of the largest and most tradable REITs in Singapore.
As one of the most representative ETF providers in Asia, CSOP has been dedicated to providing ETFs and Exchange-Traded Products (ETPs) to global investors for nearly a decade.
Operating since April 2019, CSOP Asset Management Pte Ltd (CSOP SG) keeps bringing its leading expertise and experience in ETF management to investors in Singapore.
-- BERNAMA
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