SHANGHAI: The largest exchange-traded fund to invest purely in Chinese government bonds lists in Singapore next week, the bourse and the fund manager said on Thursday , capitalising on surging interest in the world's second-biggest bond market.
The ETF, which tracks the FTSE Chinese Government Bond Index, is designed to help capture"opportunities brought by the booming China onshore bond market and its continuous inclusion into the world's major global indices", said Ding Chen, CEO of CSOP Asset Management. The launch of the ICBC CSOP FTSE Chinese Government Bond Index ETF also helps develop the offshore yuan market in Singapore and comes as the SGX competes with Hong Kong's exchange for business.
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