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Singapore ETF Volume Up As New Funds Open
IndexUniverse Staff (October 6th, 2008) Writes:
New ETFs also start listing in Tokyo and Hong Kong as boom continues throughout Asia.
The Singapore Exchange Limited (SGX) set a record in exchange-traded funds trading volume in September, with almost $323 million, or a 4% increase over the previous record of $311.3 million set in March 2008.
Volume of 38.2 million shares in September was also 7% higher than the previous record of 35.7 million shares. The total value of ETFs traded on the SGX reached $2.2 billion through the first 9 months of the year, a 277%, or $584 million, increase over the same year 2007 period.
Similar to the domination of a handful of large ETFs in the U.S., such as SPY and QQQQ, the trading and volume increases in Singapore have been driven by a few large ETFs -- iShares MSCI India ETF, Lyxor India ETF (Nifty) and SPDR Gold Shares, no surprise in the case of the latter portfolio, as gold investments
...Asia, Exchange Traded Funds, Hong Kong, index universe, Japan, S&P GSCI commodities, S&P GSCI ETF, Singapore, Singapore Exchange Limited, Tokyo, Tokyo Stock Exchange, Tracker Fund, United States, USD
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