SGX Securities Market welcomes the listing of Galaxy Wells Fargo Vietnam 30 Industry Index ETF

Xinhua Finance, Singapore, August 27 (Reporter Liu Chuntao) The Singapore Exchange (hereinafter referred to as "SGX", SGX) securities market welcomed the listing of the CGS Fullgoal Vietnam 30 Sector Cap Index exchange-traded fund (ETF) on the 25th. The assets under management (AUM) at launch were S$35 million, providing investors with an effective way to invest in this growing and dynamic market in the region. This ETF is also the ETF with the highest amount of funds raised on SGX so far this year.

Guests witnessed the ETF listing and trading

The ETF refers to the iEdge Vietnam 30 Sector Cap Index developed by SGX Index Edge. As part of its suite of thematic index solutions, it tracks the performance of the top 30 largest and most liquid companies listed on the Ho Chi Minh City Stock Exchange in Vietnam.

The ETF is issued by CGS-CIMB Securities, with Wells Fargo Asset Management (Hong Kong) Co., Ltd. serving as the investment advisor. This marks the first time the two companies have collaborated to list an ETF, leveraging CGS-CIMB's extensive brokerage network in the Asia-Pacific region and Wells Fargo Asset Management's deep experience in financial advisory.

Michael Syn, executive vice president and head of equities at SGX Group, said, "Investors are increasingly interested in Vietnam's stock market, and the reasons are not surprising. Vietnam is synonymous with growth and opportunity, and its stock market capitalization has increased nearly six times in the past decade, bringing strong returns to investors. The listing of this ETF becomes the first Vietnam registered in Singapore on SGX ETF, is a welcome addition to our ASEAN product portfolio. We congratulate CGS-CIMB on their successful collaboration with Wells Fargo in bringing this exciting new ETF to the market."

Carol Feng Ruiliang, CEO of CGS-CIMB Securities. Fong said: "We are honored to be part of Vietnam's transformation journey. As the investment manager and broker of the Galaxy Wells Fargo Vietnam 30 Industry Index ETF, we are committed to attracting more investors to invest in Vietnam by providing investors with more financial opportunities and comprehensive market observations. CGS-CIMB and Wells Fargo will combine their respective expertise, coupled with the continuous growth of Vietnam's economy, Creating unparalleled investment opportunities through ETFs is an exciting prospect for investors seeking higher returns."

Chen Ge, chairman of the board of directors of Wells Fargo Funds and Wells Fargo Assets (Hong Kong), said: "An outstanding cross-border ETF needs to have three basic elements: a high-quality benchmark index, a superb fund manager and a leading trading platform. As the investment advisor of the Galaxy Wells Fargo Vietnam 30 Industry Index ETF, we will use our strong research and analysis capabilities, leveraging the leading position of SGX Group and the strong strength of CGS-CIMB to jointly explore investment opportunities in the ASEAN market. Our joint efforts will best meet the diversified asset allocation needs of investors and promote a win-win future. ”

Luc Renard, Head of Southeast Asia Securities Services at BNP Paribas, said: “The listing of this ETF on SGX is a breakthrough achievement for Singapore’s financial industry and demonstrates CGS-CIMB’s unwavering commitment to innovation and its relentless pursuit of providing investors with cutting-edge investment solutions.” As the trustee and custodian of the ETF, BNP Paribas is honored to witness the progress made by CGS-CIMB, and we look forward to future cooperation to help our clients expand their horizons in the region with proactive and innovative solutions."

Overall, investor enthusiasm for ETF investment remains high, and the performance of the ETF market in Asia Pacific (excluding Japan) remains strong, with year-to-date net inflows approaching US$44.2 billion, setting the second-highest record in history.