CSOP IEDGE SOUTHEAST ASIA+ TECH INDEX ETF LISTED ON SINGAPORE STOCK EXCHANGE

CSOP iEdge Southeast Asia+ TECH Index ETF (Stock Code: SGD counter: SQQ/ USD counter: SQU) (Photo: Business Wire)

KUALA LUMPUR, June 20 (Bernama) -- CSOP Asset Management has announced the launch of its fifth ETF - CSOP iEdge Southeast Asia+ TECH Index ETF (SGD counter: SQQ/ USD counter: SQU) on Singapore Stock Exchange (SGX).

SQQ/SQU will adopt a representative sampling strategy to track the performance of the iEdge Southeast Asia+ TECH Index (the Index), capturing the investment opportunities in the technology-related economy of the Southeast Asia (SEA) and India market.

The ETF is available for investment on the primary market in SGD and trading in both SGD and USD at an inception price of SG$1 with a board lot size of one share. The initial investment size is around US$16.5 million, primarily from international institutional investors. (US$1=RM4.63)

“This ETF presents an enticing opportunity for investors to capitalise on the rapid growth of Southeast Asia and India. The successful listing of the ETF will enhance Singapore's ETF market and cater to the demands of discerning investors,” said CSOP Asset Management Chief Executive Officer, Ding Chen in a statement.

CSOP iEdge Southeast Asia+ TECH Index ETF is the first ETF in Singapore to present a remarkable investment opportunity within the thriving tech industry across the rapidly expanding regions of SEA and India.

By investing in this ETF, individuals can capitalise on the immense growth potential of emerging Asian markets while diversifying their portfolios within the dynamic tech sector.

Compiled and maintained by SGX Index Edge, iEdge Southeast Asia+ TECH Index is designed to track the performance of 30 largest technology or innovative companies based in India, Singapore, Indonesia, Thailand, Vietnam and Malaysia.

The index includes listed companies mainly in technology-related sectors such as information technology, software, consulting, car manufacturing, electronic components, manufacturing, retail and media services.

-- BERNAMA