Singapore Exchange set to post record ETF turnover this year

14 November 2011   Category: News, Asia, Singapore   By Weilyn Loo

The Singapore Exchange (SGX) is set to post record turnover this year on the exchange-traded funds (ETF) it has listed, driven by a comprehensive range of ETFs offered by the bourse which facilitated strong growth in turnover.

For the first ten months of this year, turnover of ETFs listed on the SGX grew to S$8.8 billion (US$6.87 billion); already exceeding its 2010 record of S$7.3 billion, the exchange told Asia Asset Management. The January-October figure was up 63% compared with the corresponding period last year.

“Going forward, we will position ourselves as the preferred ETF listing and trading venue in Asia for investors to access Asian and global markets. For the issuers, we will position Singapore as the venue for asset gathering with a thriving ETF ecosystem supporting one another – the distribution, the supply and demand,” SGX told AAM.

The number of ETFs available on the SGX has increased to 88 to-date from just 13 in 2006. The top three most active ETFs on the exchange by turnover are the SPDR Gold Shares ETF, iShares MSCI India ETF and DBXT MSCI AC Asia Ex Japan ETF, which together accounted for about 59% of total ETF turnover.

Currently, the top three issuers of ETFs on SGX by listings are Deutsche Bank, Lyxor and iShares.