SINGAPORE (July 30): On July 23, Nikko Asset Management launched a Singapore dollar investment-grade corporate bond exchange-traded fund, officially known as Nikko AM SGD Investment Grade Corporate Bond ETF, for retail investors. The offer closes on Aug 17. 

Trading on a “ready” basis in the ETF on the Singapore Exchange’s platform will start on Aug 27. The listing price is $1 and board lots start at 100 ETF units. Investors will be able to buy and sell the ETF just as they would ordinary equity. During the offer period, the minimum investment for the market maker is 50,000 units. How­ever, when the ETF is trading on a “when ready” basis, investors can just buy it from the market.

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