News Formal

Phillip SGD money market ETF debuts on SGX with initial AUM of $100m

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

SINGAPORE (THE BUSINESS TIMES) - The first Singapore-domiciled money market exchange-traded fund (ETF) started trading on Monday (Oct 5) with $100 million in initial assets under management (AUM), the Singapore Exchange (SGX) said.. Read more at straitstimes.com.

SINGAPORE - The first Singapore-domiciled money market exchange-traded fund started trading on Monday with $100 million in initial assets under management , the Singapore Exchange said.

The product tracks closely the performance of the FTSE SGD three-month Singapore dollar swap offered rate Index, which is a measure of implied interest rate. Meanwhile, individual investors can deploy the fund as a"more efficient management of cash relative to their banks' savings accounts", SGX noted.

Said Linus Lim, director and chief executive officer of Phillip Capital Management:"With Phillip SGD Money Market ETF, investors will be able to improve the yield pick-up on their funds without compromising on liquidity and manage their core investments through a single brokerage account.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 8. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Phillip SGD money market ETF debuts on SGX with initial AUM of S$100mTHE first Singapore-domiciled money market exchange-traded fund (ETF) started trading on Monday with S$100 million in initial assets under management (AUM), the Singapore Exchange (SGX) said. Read more at The Business Times.
Källa: BusinessTimes - 🏆 15. / 51 Läs mer »

Phillip SGD money market ETF debuts on SGX with initial AUM of S$100mTHE first Singapore-domiciled money market exchange-traded fund (ETF) started trading on Monday with S$100 million in initial assets under management (AUM), the Singapore Exchange (SGX) said. Read more at The Business Times.
Källa: BusinessTimes - 🏆 15. / 51 Läs mer »