Singapore draws a blank on L&I ETF applications
Hong Kong could see its first leveraged and inverse ETFs list next month, but sources say no applications have been filed in Singapore and that SGX is frustrated by the lack of take-up.
Singapore’s bid to become an exchange-traded fund (ETF) centre seems to have hit the skids, even as rival Hong Kong looks set to launch its first leveraged and inverse (L&I) ETFs next month.
Sources say the Monetary Authority of Singapore has yet to receive any applications for L&I products, despite the products enjoying an array of incentives. Meanwhile the city-state’s stock exchange is said to be unhappy about the lack of guidance from the regulator.
Singapore's rules…
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