now loading...
Wealth Asia Connect Treasury & Capital Markets Europe ESG Forum TechTalk
Asset Management / Wealth Management
CGS-CIMB launches Asia-Pacific low-carbon index ETF
Largest equity ETF by AUM on listing in Singapore invests in carbon-efficient companies
The Asset 28 Sep 2022

CGS-CIMB Securities has launched an exchange-traded fund that invests in Asia-Pacific’s most carbon-efficient companies, giving investors a way to tap the region’s rapid growth while rewarding enterprises that have done more to reduce carbon emissions.

According to Bloomberg data, the CSOP CGS-CIMB FTSE Asia Pacific Low Carbon Index ETF has assets under management of S$150 million (US$103.7 million) at launch, making it the largest equity ETF by AUM on listing in Singapore.

It is also the first ETF listed on the Singapore Exchange to track the newly created FTSE Asia Pacific Low Carbon Select Index, which comprises companies with the lowest carbon intensities relative to industry peers.

FTSE’s inclusion criteria for its low-carbon index differs from many other green indices as it takes into consideration measures adopted by companies that will likely lead to further reductions in carbon intensity, using data from organizations such as the Transition Pathways Initiative. As of September 19 2022, there are 214 companies represented by the index.

CGS-CIMB is the investment adviser to CSOP Asset Management, the manager of the ETF. CGS-CIMB is a joint venture between China Galaxy International Financial Holdings, a wholly owned subsidiary of China Galaxy Securities, and CIMB Group. 

Conversation
Datuk Chung Chee Leong
Datuk Chung Chee Leong
president/chief executive officer
Cagamas
- JOINED THE EVENT -
5th Global Islamic Finance Issuers and Investors Leadership Dialogue
Opportunities beyond uncertainty
View Highlights
Conversation
Daniel Yu (moderator)
Daniel Yu (moderator)
editor-in-chief
The Asset
- JOINED THE EVENT -
7th Asia Sustainable Infrastructure Finance Leaders Dialogue
Infrastructure of the future
View Highlights