The actively managed exchange-traded fund (ETF) will invest in Singapore's small and mid-cap stocks using a six-factor quantitative strategy, with a planned SGX listing on 3 September.
CGS International Securities Singapore has launched the CGS Fullgoal Singapore Next 50 Active ETF, which according to the firm is the first ETF benchmarked to the iEdge Singapore Next 50 Index. The ETF offers investors a single-trade gateway to Singapore's small and mid-cap equity universe The fund's initial offering opened on 6 August and will close on 26 August, with a planned listing on the Singapore Exchange (SGX) Main Board on 3 September under the ticker Q50. Managed usi