Singapore welcomed the listing of Lion-Nomura Active ETF.
Lion-Nomura Active ETF, with assets under management (AUM) of $37m, has been listed in the SGX Securities, marking the first exchange-traded funds (ETF) in Singapore.
In a statement, SGX said the first active ETF will provide investors with exposure to 50 to 100 Japanese companies, which stock market saw a strong recovery in the past year.
“This launch epitomises SGX’s unwavering commitment to continuing innovation in the ETF market. Japan’s recovery in the past year has been remarkable and this ETF allows investors to ride this wave of opportunity,” SGX Group Presiden Michael Syn.
“Lion Global Investors and Nomura Asset Management are redefining the investment landscape with this landmark product, adding an exciting new dimension to the ETF ecosystem,” he added.
SGX noted that the launch of the ETF is in line with the resurgence of interest in the Japanese stock market.