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 structure for members to buy into the new product. A joint statement by Singapore Exchange SGX and State Street says they intend to sign a memorandum of understanding to have the ETF listed and traded...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222