DeAWM lists unique Indonesia sovereign bond ETF on SGX
11 July 2013
News, Asia, Singapore, Indonesia
By Asia Asset Management
Deutsche Asset & Wealth Management (DeAWM) has announced the listing of a new ETF, which is linked to the Markit iBoxx ABF Indonesia Government Total Return (Net of Withholding Tax) Index on the Singapore Exchange (SGX).
The index covers sovereign Indonesian debt issued in Indonesian rupiah by the Indonesian central government.
“Long term, we are excited by Indonesia’s economic development. In the short term, we are encouraged by Indonesia’s pro-active response to rising inflation expectations and to maintain financial system stability in periods of heightened global financial market volatility. Market pricing adjusts very quickly to changing circumstances and market levels currently look compelling to long-term investors,” said Chris Siniakov, head of fixed income, Asia, at DeAWM.
Jenny Chiam, head of securities at SGX, added: “This listing is significant for investors as this is the first time they can invest in an Indonesian sovereign bond efficiently via an ETF. We are pleased that Deutsche Asset & Wealth Management has chosen to list their ETF on SGX.”
DeAWM is already the largest provider of ETFs in Singapore and Hong Kong in terms of product offerings. This additional new ETF reaffirms the bank’s leading position as the largest ETF provider in Singapore in terms of product offerings – with a total of 48 ETFs now listed on the SGX.
All ETFs offered by DeAWM in Singapore are UCITS compliant. They track their underlying indices via swaps, a tracking method often referred to as synthetic replication.
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