SINGAPORE: SGX to Introduce SGX FTSE Taiwan Index Futures

Wednesday July 1 2020

On 1^st July 2020, Singapore Exchange (SGX) announced the introduction of futures contract on the FTSE Taiwan RIC Capped Index (FTSE Taiwan) to enable global investors to gain exposure to a broad representation of large and mid-capitalisation Taiwan stocks, while meeting fund managers’ diversification objectives.

The SGX FTSE Taiwan Index futures contract will be launched on 20^th July 2020. SGX expects to receive certification from the Commodity Futures Trading Commission for the offer and sale of the contract in the U.S. shortly after launch, thus ensuring broad distribution to institutional investors.

The Taiwan economy is the seventh largest in Asia and occupies a key position in the global industrial and technology value chain. The broad-based and diversified FTSE Taiwan index with a capping methodology covers nearly 80% of Taiwan’s listed companies by market capitalisation and offers strong correlation with other major Taiwan benchmark indices.

The SGX FTSE Taiwan Index futures contract will provide global investors with an effective and cost-efficient way to invest in the Taiwan stock market, round-the-clock across Asian, European and U.S. time zones.

Click on the above link for further information.