SGX says L&I ETFs will launch this year
After an initial lack of asset manager interest in listing leveraged and inverse exchange-traded funds in Singapore, the local bourse expects the first products to arrive in 2017.
Singapore Exchange (SGX) is to see its first leveraged and inverse (L&I) exchange-traded funds listed in 2017, as asset managers mull which underlyings to offer, said Luuk Strijers, head of equity and fixed income products at the bourse.
This reflects a turnaround in sentiment. As Hong Kong’s markets regulator was, in May last year, about to approve its first L&I funds, AsianInvestor reported there was a lack of appetite from asset managers for listing in Singapore.
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