Singapore Exchange has welcomed the listing of the Amova Asia Credit Index ETF, expanding its range of fixed income exchange-traded funds and giving investors broader access to Asian US-dollar credit markets.

Managed by Amova Asset Management Asia Limited, the fund tracks the Bloomberg Asia Ex-Japan USD Credit Index, which comprises more than 1,000 US-dollar-denominated bonds from corporates, sovereigns and government-related issuers across Asia ex-Japan, with investment-grade securities representing over 80% of the index.

The ETF is offered in two share classes: a US-dollar line (SGX: B96) and a Singapore-dollar-hedged line (SGX: B95), the latter designed to reduce exchange-rate fluctuations between the Singapore and US dollars.

With this launch, SGX hosts 55 ETFs that together manage about 21 billion Singapore dollars in assets, supporting the exchange’s strategy of providing low-cost, diversified investment building blocks for market participants.