SGX consults public on closing price methodology for ETFs

Should lead to better investor decisions.

Singapore Exchange (SGX) announced that it is proposing to publish closing prices for exchange traded funds (ETFs) and put in place a methodology to determine closing prices for ETFs that will reflect more closely, the prevailing market conditions. This will allow investors of ETFs to have an up-to-date closing price for making investment decisions and portfolio valuation.

SGX is consulting the public on the proposed methodology for determining the closing prices of ETFs. SGX believes that this proposed methodology, together with a wider product range, improved liquidity and a more diverse retail and institutional participation, will promote a more vibrant ecosystem for ETFs

"Subject to regulatory approval and member readiness, we target to introduce this by the first quarter of 2014," said SGX.