Singapore Exchange said Thursday it is licensing its iEdge-FactSet Global Internet Index to Nikko Asset Management for an exchange-traded fund (ETF).
Eleanor Seet, head of Asia ex-Japan at Nikko Asset Management, said the ETF would be her company’s first ETF in Hong Kong.
“The Nikko AM Global Internet ETF provides investors with easy and low-cost access to the world’s internet titans, across trending themes such as e-commerce, internet of things, social networking, cloud services and e-gaming,” she said in the statement. “As a leading ETF issuer in an increasingly challenging environment, we are committed to delivering progressive and relevant solutions to our investors.”
The iEdge-FactSet Global Internet Index, which is a new addition to the iEdge-FactSet index series, tracks the performance of developed-market securities in segments including internet and data services, general internet and online services, internet support services, financial software and services, virtual reality and engineering software and online retail, SGX said in the statement.
SGX Index Edge, in a tie-up with FactSet, has developed indexes to represent global trends and craft investment vehicles, the statement said.
Simon Karaban, head of index services at SGX, said the exchange was aiming to tap an increasing allocation of global assets to thematic-based investing.