Fullgoal and CGS-CIMB Securities jointly launches new ETF offering exposure to China’s small-cap stocks 

Nov 9, 2023

Read more at The Edge

CGS-CIMB Securities has launched the CGS Fullgoal CSI 1000 exchange-traded fund (ETF) on the Singapore Exchange, which mirrors the CSI 1000 Index to offer exclusive exposure to China’s small-cap stocks.

Comprising 1,000 companies listed in China with market capitalisation of less than RMB20 billion ($3.72 billion), the constituents of the CGS Fullgoal CSI 1000 ETF span cyclical and innovative industries such as electronics, pharmaceuticals, and machinery. The ETF offers dual currency trading in US dollars and Singapore dollars.

The CGS Fullgoal CSI 1000 ETF constituents represent 13.1% of the total market value of all listed companies on the Shanghai and Shenzhen stock exchanges and 21.1% of market turnover.

The ETF will enable investors to tap into the growth of industries that are at the forefront of China’s innovation streak, says CGS-CIMB Securities deputy group CEO and co-group CFO Chan Yuen May.

“Beyond a strong economy, vast consumer market and government support; China's technological advancements; infrastructure development; and access to global supply chains further enhance its appeal as an investment destination,” she adds.

Meanwhile, Fullgoal Fund Management CIO Li Xiaowei says she is confident that the two firms’ combined expertise coupled with China’s focus on infrastructure development and technological innovation makes the ETF an excellent investment opportunity for those seeking favourable returns.”

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