CPF structure could accommodate new exchange traded fund

State Street Global Advisors have beaten rivals to launch the first exchange traded fund in Singapore.

Singapore Exchange Ltd and State Street Global Advisors are launching an exchange traded fund ETF early next year which pensions investors may be able to include in their portfolios. Members of Singapore's Central Provident Scheme CPF currently can only invest a portion of their pensions money in domestic shares and unit trusts that are officially sanctioned.

According to Hon Cheung, State Street's managing director in Singapore, a new category may have to be created under Singapore's pensions scheme...

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