Staff Reporter

, Singapore

Photo from SGX

It had a launch size of $69m

Exchange-traded funds (ETFs) that track China equities in the Singapore Exchange have risen to 10 with the addition of Phillip-China Universal MSCI China A 50 Connect ETF.

The 10 ETFs have a combined asset under management of more than $2.1b.

With a launch size of $69m, Phillip-China Universal MSCI China A 50 Connect ETF became the largest ETF that tracks the MSCI China A 50 Connect Index across APAC exchanges outside of China.

A feeder fund, the Phillip-China Universal MSCI China A 50 Connect ETF invests at least 90% of its Net Asset Value (NAV) in the CUAM MSCI China A 50 Connect ETF, which is listed on the Shanghai Stock Exchange.

It also tracks the MSCI China A 50 Connect Index by investing in stocks that are constituents of the Index.