It added that the fund attracted"strong interest" from investors, demonstrating demand for the only money market ETF in South-east Asia.
Said Linus Lim, director and chief executive officer of Phillip Capital Management:"With Phillip SGD Money Market ETF, investors will be able to improve the yield pick-up on their funds without compromising on liquidity and manage their core investments through a single brokerage account. "We believe this will make a straightforward cash management tool for corporate treasurers and investors."
Michael Syn, head of equities at SGX, said the bourse is pleased to expand SGX's suite of fixed income ETFs at a time when investors are facing a"prolonged low-yield environment across international markets".For daily updates on weekdays and specially selected content for the weekend. Subscribe to
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