SGX Securities welcomes the listing of CGS Fullgoal Vietnam 30 Sector Cap Index ETF

Published on 25/08/2023

SGX Securities today welcomed the listing of CGS Fullgoal Vietnam 30 Sector Cap Index ETF, with assets under management (AUM) of S$35 million at launch, offering investors efficient access to a rising and dynamic market in this region. The ETF references the iEdge Vietnam 30 Sector Cap Index developed by SGX Index Edge as part of its suite of thematic index solutions, which tracks the performance of the top 30 largest and most liquid companies by market capitalisation listed on Ho Chi Minh Stock Exchange.

Vietnam is gaining in relevance for international investors seeking diversification and long-term growth opportunities. With shifts in global supply chains and strong domestic consumption driven by a growing middle-class population, Vietnam has emerged as a booming manufacturing hub and is one of the fastest growing economies in Asia.

Michael Syn, Senior Managing Director and Head of Equities, SGX Group, said, “There is a rising tide of investors’ interest in Vietnam’s equity markets, and it is no surprise why. Vietnam stands as a beacon of growth and opportunity and offers investors promising returns with its equity market capitalisation expanding by almost six times in size over the last decade. This ETF listing marks the first Singapore-domiciled Vietnam ETF on SGX and is an exciting new addition to our ASEAN product shelf. We congratulate CGS-CIMB and Fullgoal on their successful partnership in bringing this exciting new ETF to market.”

This ETF is issued by CGS-CIMB Securities with Fullgoal Asset Management (HK) Ltd. acting as investment advisor. This marks the first ETF listing through the partnership of the two firms, leveraging the strengths of CGS-CIMB Securities’ extensive brokerage network across Asia Pacific and Fullgoal Asset Management’s deep financial advisory experience. With this listing, SGX now has 40 listed ETFs with a combined AUM of S$11 billion as of end July 2023.

Carol Fong, Group CEO, CGS-CIMB Securities, said, “We are proud to be a part of Vietnam’s transformative journey. As an investment manager and broker of the CGS Fullgoal Vietnam 30 Sector Cap ETF, we strive to attract more investors to Vietnam by empowering them with enhanced access to financial opportunities and comprehensive market insights. The combined expertise of CGS-CIMB and Fullgoal, coupled with Vietnam’s growing economy, sets an unparalleled investment opportunity through ETFs, making this an exciting prospect for investors seeking higher returns.”

Chen Ge, CEO, Fullgoal Fund and Chairman, Fullgoal Hong Kong, said, “The emergence of an outstanding cross-border ETF necessitates the confluence of three essential components: a quality benchmark index, a proficient manager, and a leading trading platform. In Fullgoal’s capacity as the investment advisor for the CGS Fullgoal Vietnam 30 Sector Cap ETF, we will draw upon our robust research and analytical foundation, leveraging on the preeminent position of SGX Group and the strong presence of CGS-CIMB, while collectively exploring investment opportunities within the ASEAN market. This joint effort is poised to optimally address the diversified asset allocation needs of investors, fostering mutual success in the times ahead.”

Overall, investor appetite in ETFs remains strong with the Asia Pacific-ex Japan ETF market continuing to perform strongly, drawing year-to-date net inflows of close to US$44.2 billion[1], the second highest on record.