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Singapore Bourse Lists First Active ETF Tracking iEdge Singapore Next 50 Index

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Singapore Exchange (SGX:S68) has listed the CGS Fullgoal Singapore Next 50 Active ETF, giving investors access to Singapore's mid-cap stocks.

The ETF, trading under Q50, is the first actively managed fund tracking the iEdge Singapore Next 50 Index, which covers companies with a combined market capitalization of about SG$109 billion, according to a Wednesday filing.

CGS International Securities Singapore manages the fund, while Fullgoal Asset Management is its adviser.

The listing brings SGX's ETF lineup to 54 funds, with combined assets under management of more than SG$21 billion, it said.

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