Singapore Exchange has welcomed the listing of the first actively managed exchange-traded fund (ETF) tracking the iEdge Singapore Next 50 Index.
The CGS Fullgoal Singapore Next 50 Active exchange traded fund (ETF) (stock code: Q50) began trading on SGX Stock Exchange on 3 September, expanding the range of products linked to Singapore's equity market. The ETF is managed by CGS International Securities Singapore The fund is the first active ETF benchmarked to the iEdge Singapore Next 50 Index, which focuses on Singapore-listed mid-cap companies. The ETF is managed by CGS International Securities Singapore and advised by Fullgoal