iFAST debuts as ETF issuer with four SGX listings
They offer exposure to Japanese, South Korean, and Taiwanese stocks.
The Singapore Exchange (SGX) has listed four iFAST Xtrackers UCITS exchange-traded funds (ETFs) on 22 October, giving investors access to the equity markets of Japan, South Korea, and Taiwan.
Launched by homegrown financial services group iFAST, the ETFs also give investors exposure to companies in the global artificial intelligence and big data theme.
All four ETFs are traded in Singapore dollars and are eligible under the Supplementary Retirement Scheme.
The iFAST Xtrackers Nikkei 225 UCITS ETF tracks Japan’s Nikkei Stock Average Index, whilst the MSCI Korea and MSCI Taiwan ETFs track their respective MSCI 20/35 Custom Indexes. The Artificial Intelligence & Big Data ETF tracks the Nasdaq Global Artificial Intelligence and Big Data Index.
Their overall total expense ratios range from 0.43% to 0.77%.
The launch marks iFAST’s debut as an ETF issuer, expanding its role beyond providing investment products through its brokerage platform.
Standard Chartered serves as authorised custodian and ETF registrar.
With the listings, SGX now offers 64 ETFs spanning a range of geographies, asset classes, and investment themes, with combined assets under management of $21b.