Singapore Exchange (SGX) Securities is set to become the first exchange in Asia to offer trading in Structured Certificates.
The Structured Certificates, which will be listed from 30 August 2023, will offer Specified Investment Products (SIP)-certified investors the ability to trade in a rising, falling or rangebound market. Investors will have new ways to trade Asian underlying assets on SGX beyond the existing broad suite of direct stocks, ETFs and leveraged products.
Societe Generale is the issuer and UOB and UOB Kay Hian are the primary distributors.
Michael Syn, senior managing director and head of equities at SGX Group, said: “Investors’ appetite for listed structured products has grown and there is strong demand for more options that offer both risk management and enhanced returns.
“As our customers become increasingly sophisticated, Structured Certificates will bring a new dimension to our diverse suite of products and enable investors to capture more opportunities in today’s dynamic markets.”
The inaugural issue of Structured Certificates is a yield enhancement product linked to Alibaba Group Holding (9988.HK) and is designed with an autocall feature, providing investors with the opportunity to earn distributions but with potential for early redemption.
Olivia Chen, head of distribution sales, south-east Asia and Australia, Societe Generale, said: “As a leading Structured Products issuer, we are always thinking innovatively to meet investors’ needs for diversification and market access, more transparency and liquidity.”
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