SGX Stock Exchange today welcomed the listing of the CGS Fullgoal Singapore Next 50 Active ETF (stock code: Q50).

This is the first actively managed exchange-traded fund (ETF) benchmarked to the iEdge Singapore Next 50 Index, expanding the suite of investment products tracking Singapore’s stock market.

Managed by CGS International Securities Singapore Pte. Ltd and advised by Fullgoal Asset Management (HK) Limited, the active ETF offers investors access to Singapore’s mid-capitalisation segment. Tracking a universe representing approximately S$109 billion in market capitalisation, the ETF provides retail and institutional investors with an efficient way to diversify their portfolios beyond the traditional large-cap blue chips.

Ng Yao Loong, Head of Global Financial Markets, SGX Group, said:

“Singapore’s mid-cap segment is home to many established businesses that are growing, innovating and expanding their regional footprint. We are pleased to welcome this latest collaboration between CGS International and Fullgoal. As the first active ETF benchmarked to the iEdge Singapore Next 50 index, it expands investor access to a dynamic segment of the market that is increasingly attracting interest, while reinforcing the depth and diversity of Singapore’s stock market.”

Carol Fong, Group Chief Executive Officer, CGS International, said:

“CGS International has served Singapore’s retail investors for decades, and our product development has consistently reflected our commitment to widen market access. We are grateful to SGX and Fullgoal for their partnership; Q50 is a testament to what can be achieved when the industry players work together towards building a more vibrant Singapore market.”

Li Xiaowei, Chief Investment Officer, Fullgoal Fund Management Co., Ltd., said:

“Fullgoal’s quantitative investment team has refined its multi-factor framework across market cycles for over 16 years, and we believe these principles are robust and transferable across different market environments. Partnering with CGS International allows us to bring institutional-grade quantitative research to a broader base of investors, and we are delighted to see the fund listed on the Singapore Exchange, reflecting our long-term commitment to Asia’s capital markets.”

The CGS Fullgoal Singapore Next 50 Active ETF adds to SGX Stock Exchange’s expanding suite of active, thematic and core equity ETFs. With this listing, the SGX ETF product shelf stands at 54 ETFs, with combined assets under management exceeding S$21 billion.