SINGAPORE, Jan 3 (Bernama-BUSINESS WIRE) — As Asia’s leading ETF issuer, CSOP is proud to be among the first to participate in the thrilling Singapore Exchange (SGX) and the Shenzhen Stock Exchange (SZSE) ETF link. Under the ETF link, CSOP CSI STAR and CHINEXT 50 Index ETF (Stock Code: SCY) has been listed on the SGX as a feeder fund of China Southern CSI STAR and CHINEXT 50 ETF, which is listed on SZSE, on 30 December 2022, unlocking the unique investment opportunities into the 50 Chinese companies with the highest growth potential in ChiNext and STAR Markets. SCY is traded in SGD at an inception price of SGD 1 with board lot size of 1 unit.
SCY tracks 50 fast-growing star performers with hard technology from the SSE’s STAR and SZSE’s ChiNext Markets. The stocks listed on SSE’s STAR and SZSE’s ChiNext boards represent key breakthroughs with high market recognition in China. Moreover, development of these companies is consistent with China’s national strategies advocating transition to quality. In Q3 of 2022, despite the macro headwinds, the net profit YoY growth rate of CSI STAR & CHINEXT 50 Index was 12.2%, significantly outperforming the CSI 300 index¹.
