Alternative Investments/ESG: New CSOP ETF Listing On SGX Invests In Low Carbon Companies In The APAC Region

The new CSOP ETF, which listed on the Singapore Stock Exchange on September 28, has garnered an AUM of US$105 million already.

CSOP Asset Management has listed the CSOP CGS-CIMB FTSE Asia Pacific Low Carbon Index ETF on the SGX. The ETF is tradable in both SGD and USD currencies and offers investors the opportunities presented by low carbon transition in the APAC region with excellent diversification and tradability at a minimal investment of only USD 1. (Businesswire)

CSOP CGS-CIMB FTSE Asia Pacific Low Carbon Index ETF

The new ETF from CSOP tracks the performance of the FTSE Asia Pacific Low Carbon Select Index which is designed to reflect the performance of large and mid cap stocks in Asia Pacific markets, and to obtain more exposure to companies with low carbon characteristics. These are drawn from the following 11 countries: Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Singapore, and Taiwan.

The index includes 214 companies from 2,431 components of the FTSE Asia Pacific Index universe excluding companies involved in controversial product activities. On the other hand, it gives greater weightage to companies that exhibit lower carbon emissions.

Estimated ongoing charges of the fund are 0.86%.

CSOP Asset Management Limited was founded in 2008 as the first offshore asset manager set up by a regulated asset management company in China. With a dedicated focus on China investing, the company manages public and private funds, as well as providing investment advisory services to Asian and global investors. As of 31 August 2022, CSOP had more than USD 12 billion in assets under management.


Ms. Ding Chen, CEO of CSOP comments, “As an award-winning ETF issuer, CSOP confidently introduces this low-carbon themed ETF to Singapore’s investors, seizing together the opportunities presented by this region with the greatest potential for low-carbon economy growth.”

Ms. Carol Fong, Group CEO of CGS-CIMB Securities, said, “Climate change is a real and pressing issue facing our world today. At CGS-CIMB, we are committed to empowering individuals to make impactful investment decisions for a sustainable tomorrow. We are proud to be launching the CSOP CGS-CIMB FTSE Asia Pacific Low Carbon Index ETF which has raised about Singapore 150 million –the largest equity ETF to be listed on SGX. This is one of the many initiatives that we will be launching as part of our sustainability journey.”

Related Story: The CICC Carbon Futures ETF Launches Today In Hong Kong

Photo by Chris LeBoutillier on Unsplash

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