CSOP debuts the world’s largest Chinese pure government bond ETF in Singapore

SINGAPORE, Sept 18 (Bernama-BUSINESS WIRE) — CSOP Asset Management Pte. Ltd. debuts its first ETF – ICBC CSOP FTSE Chinese Government Bond Index ETF (ticker: USD counter: CYB/ SGD counter: CYC) in Singapore in partnership with ICBC Asset Management.¹ Operating since April 2019, CSOP Asset Management is bringing its leading expertise and experience in ETF management to investors in Singapore. The CYB/CYC offers the opportunities for investors to access the fast growing China onshore bond market. CYB/CYC will adopt a representative sampling strategy to replicate as closely as possible the performance of the FTSE Chinese Government Bond Index to achieve its investment objective. Denominated in RMB, CYB/CYC can be created and redeemed in both USD and RMB in primary market. Post listing, the CYB/CYC trades in both USD and SGD at board lot size of 10 shares. As the first SGX-listed ETF investing directly in China onshore bond market, CYB/CYC has attracted a number of institutional investors and USD675, 571,000 investment, marking it one of the ETFs with a significantly large initial size on SGX,and also the world’s largest Chinese pure government bond ETF.

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