CSOP Asset Management is gearing up to launch what it claims will be Singapore’s first exchange traded fund focusing on the technology industry across south-east Asia and India.
The fund firm is aiming to raise up to $30mn by June 20, when the ETF will officially list on the Singapore bourse, with a longer-term goal of hitting $100mn in assets within the first year.
The CSOP iEdge Southeast Asia+ TECH Index ETF will be listed on the Singapore Stock Exchange on June 20. The fund will track the iEdge Southeast Asia+ TECH Index, which provides exposure to 30 tech firms across six south-east Asian markets and India across information technology, software, retail, car manufacturing, and electronic components and manufacturing.
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