iFAST makes ETF issuer debut with four Singapore listings
The funds have total expense ratios of 0.43% to 0.77% and are eligible under the Supplementary Retirement Scheme.
Four exchange-traded funds (ETFs) from Singapore financial services group iFAST were listed on the Singapore Exchange (SGX) on 22 October, marking the group's entry into ETF issuance. The iFAST Xtrackers UCITS offerings cover equities in Japan, South Korea and Taiwan, as well as companies involved in artificial intelligence and big data globally.
The funds are denominated for trading in Singapore dollars, with all four eligible for the Supplementary Retirement Scheme. Their total expense ratios run from 0.43% to 0.77%.
Japan's Nikkei Stock Average Index is the benchmark for the iFAST Xtrackers Nikkei 225 UCITS ETF. The Korean and Taiwanese offerings follow the respective MSCI 20/35 Custom Indexes. For the Artificial Intelligence & Big Data ETF, the benchmark is the Nasdaq Global Artificial Intelligence and Big Data Index.
The issuer role adds to iFAST's existing investment-product distribution business through its brokerage platform. Standard Chartered handles authorised custody and ETF registration. Following these additions, SGX's ETF line-up totals 64 funds across geographical markets, asset classes and investment themes.
