Lyxor lists largest ESG ETF on the Singapore Exchange
Lyxor announces it has listed the largest ESG (Environmental, Social and Governance) exchange-traded fund (ETF) on the Singapore Exchange (SGX), as a result of the switch of its China equity ETF – the Lyxor China Enterprise (HSCEI) UCITS ETF – to the MSCI China Select ESG Rating Trend Leaders Net Total Return Index on 11 October 2021.
This ETF, which has been listed on the Singapore Exchange since 2006, will be the largest ESG ETF listed on the exchange with USD 328 M of assets under management1. To reflect the change, the ETF has been renamed Lyxor MSCI China ESG Leaders Extra (DR) UCITS ETF.
The new index tracked by the Lyxor ETF combines a set of very stringent business activities exclusionswith an ESG best-in-class approach, aiming at selecting companies with a robust ESG profile. Overall, the index targets a coverage of 50% of the underlying MSCI China Index.
Christopher Friese, Head of Lyxor ETF Asia-Pacific at Societe Generale, commented: “This index switch meets the ever-increasing interest coming from Asian investors in ESG exposures on the China equity market. We’re committed to providing Asian investors with ESG investment solutions listed locally. This ETF now also qualifies as an Excluded Investment Product (EIP), making it more accessible to retail investors”.
Download the press release on Lyxor ETF website
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