Deutsche Asset & Wealth Management (DeAWM) has listed an Indonesia Sovereign Bond ETF called, db x-trackers II Markit iBoxx ABF Indonesia Government UCITS ETF (SH8), on the Singapore Exchange (SGX).
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The ETF tracks the Markit iBoxx ABF Indonesia Government Index which covers sovereign Indonesia debt issued in domestic currency by the Indonesian central government.
The new ETF’s listing brings the total number of ETFs on SGX to 89, of which 12 are fixed income ETFs.
This is the first Indonesian sovereign debt ETF listed in Asia, thus adding to the diverse suite of fixed income ETFs that SGX currently has.
The fund is aimed at large numbers of international investors and comes with a total expense ratio (TER) of 0.40%.
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By GlobalDataThe fund is UCITS compliant and registered in the UK, Germany, Ireland and Singapore. It is eligible for UK SIPPs and has UK Distributor Status.
Chris Siniakov, head of fixed income for Asia at DeAWM, said: "Long term, we are excited by Indonesia’s economic development. In the short term, we are encouraged by Indonesia’s pro-active response to rising inflation expectations and to maintain financial system stability in periods of heightened global financial market volatility.
"Market pricing adjusts very quickly to changing circumstances and market levels currently look compelling to long-term investors," Siniakov added.
