SGX licensed three futures-based indexes to Taiwan ETF provider Yuanta SITC

SGX building on Shenton Way in SingaporeSGX building on Shenton Way in Singapore

Singapore Exchange is licensing three futures-based indexes based on the MSCI Emerging Markets futures to Taiwan ETF provider Yuanta SITC, the exchange said in a statement Tuesday.

The futures-based indexes provide inverse, leverage and market exposure to the MSCI Emerging Markets Futures traded on the Intercontinental Exchange (ICE), SGX said. Those indexes will support tradeable ETFs which will list on the Taiwan Stock Exchange, it added.

The three indexes, which are compiled by SGX Index Edge and will launch on Yuanta SITC, are the Futures Index Excess Return (ER) on MSCI EM, Futures 2X Leverage Index ER on MSCI EM, and Futures 1X Inverse Index ER on MSCI EM, SGX said.

“SGX Index Edge has grown rapidly across the region to establish itself as an index solution provider across multiple markets, index strategies and themes,” Simon Karaban, head of index services at SGX, said in the statement.

“We are delighted to be partnering with Yuanta SITC, the largest ETF issuer in Taiwan, to help them fulfill their ambitions and develop indices that will enable investors to express their views on emerging markets across varying market cycles,” he added.

In addition to growth in the Asia-Pacific region, SGX Index Edge set up a presence in London last year, expanding support for custom index clients in Europe, SGX said.

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