cimb-launches-asean-etf

CIMB launches Asean ETF

CIMB launches exchange-traded fund to attract institutional and private investors.
Malaysian banking group CIMB has listed a dollar-denominated exchange-traded fund ETF focused on the Asean region. The FTSEAsean 40 ETF listed in Singapore and claimed by CIMB to be the first of its kind, will track an index that holds the largest 40 stocks by market capitalisation from across Singapore, Malaysia, Thailand, Indonesia and the Philippines.

CIMB's selection criteria slants the ETF towards Malaysian and Sinaporean equities with 11 stocks each, followed by nine Thai stocks, seven Indonesian stocks and a single Philippine stock.

The fund's top-four holdings make up more than a quarter of the ETF, led by DBS with an 8.43% weighting, followed by United Overseas Bank and Maybank with...
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