SRP in brief: first in line

In a first for the market, two locally domiciled leveraged and inverse (L&I) funds went live on the Singapore Exchange (SGX) on 1 December. Managed by Phillip Capital Management, the Phillip MSCI Singapore Daily (2x) Leveraged and Phillip MSCI Singapore Daily (-1x) Inverse Products are targeted at institutional and retail investors seeking to leverage and hedge exposures in the local market. Both products are linked to the MSCI Singapore Index (SiMSCI) which invests in and replicates the p