Spinee wrote a post · Nov 9, 2023 04:18

New US$12.4 million ETF tracking China high-growth, small-cap stocks lists on SGX

CGS-CIMB Securities on Thursday (Nov 9) listed a US$12.4 million exchange traded fund (ETF) on the Singapore Exchange (SGX).

The CGS Fullgoal CSI 1000 ETF mirrors the China stock market’s small-cap index – the CSI 1000 Index.

The fund, which offers dual currency trading in US dollars and Singapore dollars, comprises 1,000 China-listed companies that have a market capitalisation of less than 20 billion yuan (S$3.8 billion).

New US$12.4 million ETF tracking China high-growth, small-cap stocks lists on SGX

The fund’s constituents span “cyclical and innovative” industries such as electronics, pharmaceuticals, and machinery, CGS-CIMB said in a news release.

The fund’s constituents also represent 13.1 per cent of the total market value of all listed companies on the Shanghai and Shenzhen stock exchanges, and 21.1 per cent of market turnover.

CGS-CIMB said the ETF is also more exposed to China’s technological innovation era, as more high-tech growth industries are included in the CSI 1000 Index.

$CGS(06881.HK)$ $CSI 300 Index(800122.HK)$ $CSI 300 Index(000300.SH)$ $CSI 300 Index(399300.SZ)$ $CSI 1000 Index(000852.SH)$ $CSI 1000 Index(399852.SZ)$ $HKEX(00388.HK)$ $SGX(S68.SG)$ $BIDU-SW(09888.HK)$ $BABA-SW(09988.HK)$ $TENCENT(00700.HK)$

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