CGS-CIMB Securities Launches First Vietnam-Focused ETF on SGX

The CGS Fullgoal Vietnam 30 Sector Cap ETF connects the unparalleled investment opportunities in Vietnam with investors seeking higher and stable returns

Singapore, 25 August 2023 – CGS-CIMB Securities has launched the CGS Fullgoal Vietnam 30 Sector Cap ETF (USD Counter: VND, SGD Counter: VNM) on Singapore Exchange (SGX Group) today. The ETF, which comprises the largest and most tradable companies listed on the Ho Chi Minh Stock Exchange (HOSE), has raised about S$35 million. This is the highest assets under management (AUM) raised for an ETF at the point of listing on SGX in 2023.

The CGS Fullgoal Vietnam 30 Sector Cap ETF closely replicates the performance of the SGX iEdge Vietnam 30 Sector Cap, which is overweight on sectors such as Real Estate, Financials and Consumer Staples. Some of the companies in the ETF include Vinhomes, Hoa Phat Group and SSI Securities Corporation.

Ms Carol Fong, Group CEO of CGS-CIMB Securities, said, “We are proud to be a part of Vietnam’s transformative journey with the launch of the CGS Fullgoal Vietnam 30 Sector Cap ETF. The ETF combines the expertise of CGS-CIMB and Fullgoal, to provide an unparalleled investment opportunity into one of Asia’s fastest growing markets. As its Investment Manager and Broker, CGS-CIMB aims to empower investors seeking higher and stable returns in Vietnam with enhanced access to financial opportunities and comprehensive market insights.”

“Vietnam’s growth story is one that cannot be ignored. Forward thinking investors should recognise its immense potential and diverse array of opportunities. We invite investors to ride its growth wave with us by investing in the ETF,” she added.

Vietnam has captured the attention of investors with its strong economic growth prospects. Driven by strategic initiatives from the government, its digital economy is projected to experience an annual growth of 28% in gross merchandise value, reaching USD$50 billion by 2025.

Mr Chen Ge, CEO of Fullgoal Fund and Chairman of Fullgoal Asset Management (Hong Kong) said, “The emergence of an outstanding cross-border ETF necessitates the confluence of three essential components: a quality benchmark index, a proficient manager, and a leading trading platform. In Fullgoal’s capacity as the investment advisor for the CGS Fullgoal Vietnam 30 Sector Cap ETF, we will draw upon our robust research and analytical foundation, leveraging on the preeminent position of SGX Group and the strong presence of CGS-CIMB, while collectively exploring investment opportunities within the ASEAN market. This joint effort is poised to optimally address the diversified asset allocation needs of investors, fostering mutual success in the times ahead.”

Mr Michael Syn, Senior Managing Director and Head of Equities, SGX Group, said, “There is a rising tide of investors’ interest in Vietnam’s equity markets, and it is no surprise why. Vietnam stands as a beacon of growth and opportunity and offers investors promising returns with its equity market capitalisation expanding by almost six times in size over the last decade. This ETF listing marks the first Singapore-domiciled Vietnam ETF on SGX and is an exciting new addition to our ASEAN product shelf. We congratulate CGS-CIMB and Fullgoal on their successful partnership in bringing this exciting new ETF to market.”

Mr Luc Renard, Head of South-East Asia for Securities Services at BNP Paribas, said, “The CGS Fullgoal Vietnam 30 Sector Cap ETF on SGX is a ground-breaking achievement in Singapore’s financial landscape and showcases CGS-CIMB’s unwavering commitment to innovation, and their relentless pursuit of delivering cutting-edge investment solutions to investors. As the trustee and custodian of this Fund, BNP Paribas is proud to witness the progressive strides made by CGS-CIMB, and we look forward to future collaborations to help our clients expand their horizons in the region with proactive and creative solutions.”

The ETF offers dual currency trading in US Dollars and Singapore Dollars. For more information, please refer to www.cgs-cimb.com/en/viet30etf.

About CGS-CIMB Securities

CGS-CIMB Securities (CGS-CIMB) is a leading integrated financial services provider in Asia. It is a joint venture between China Galaxy International Financial Holdings Limited, a wholly owned subsidiary of China Galaxy Securities Co. Ltd., and CIMB Group Sdn Bhd.

Through a network of local offices, branches, and strategic partners, we have a direct global presence in 15 countries and territories, providing a truly Asian perspective. We are well-positioned as Asia’s leading financial gateway with a core focus on deep-dive research and in-depth analysis on equities and financial products. We are a customer-centric firm and focus on value creation for clients, offering a suite of investment and financial solutions for retail and institutional clients. Our businesses include retail broking, institutional equities, derivatives, prime services, equities research, wealth management and online broking.

Backed by an award-winning research team, we have one of the most comprehensive research coverages of over 800 stocks. Our strong research capabilities form the backbone of our product and service offerings, connecting clients to opportunities.

About Fullgoal Asset Management (HK) Ltd

Established in 2012, Fullgoal Asset Management (HK) Limited (“Fullgoal Hong Kong”) is a wholly owned subsidiary of Fullgoal Fund Management Company Limited (“Fullgoal Fund”) based in Shanghai, China. Fullgoal possesses strong investment capabilities in Mainland China, Hong Kong, and US listed Chinese assets, as well as extensive management experience in fundamentals equities, fixed income, and quantitative equities. Fullgoal boasts a substantial global clientele, hailing from regions such as the Southeast Asia, Europe, Middle East, Korea, and the Greater China area. We cater to a variety of institutional clients, including prominent sovereign wealth funds, overseas pensions, insurance firms, banks, family offices, multinational corporations, and brokerages. Committed to a long-term prospective, Fullgoal will fortify our investment management, enhance risk controls, innovate product offerings, and maximize investor value with sincerity and responsibility.

About Securities Services at BNP Paribas

BNP Paribas’s Securities Services business is a leading global custodian providing multi-asset post-trade and asset servicing solutions to buy-side and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, its custody network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.

About Singapore Exchange (SGX Group)

SGX Group seeks to serve as the world’s most trusted and efficient international marketplace, operating equity, fixed income, currency and commodity markets to the highest regulatory standards. As one ecosystem with global relevance and influence, we offer multiple growth avenues to our stakeholders through listing, trading, clearing, settlement, depository, data and index services. We are committed to lead on climate action by developing a world-class transition financing and trading hub through SGX FIRST (Future in Reshaping Sustainability Together), our multi-asset sustainability platform. Headquartered in AAA-rated Singapore, we are globally recognised for our risk-management and clearing capabilities. Find out more at www.sgxgroup.com.

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