The first exchange-traded fund (ETF) to invest in Singdollar-denominated corporate bonds will be listed here on Aug 27, offering retail investors a way to get "bite-size" exposure to high-grade credit issued by local companies and statutory boards.
The Nikko AM SGD Investment Grade Corporate Bond ETF will replicate a basket of bonds tracked by the iBoxx SGD Non-Sovereigns Large Cap Investment Grade Index, which has a current yield to maturity of 3.2 per cent, Nikko AM said.
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