24 Feb '12, 12am

Expanding the ASEAN marketplace:

Expanding the ASEAN marketplace:

Today, SGX is listing two Exchange Traded Funds (ETFs) that track indices in Indonesia and Thailand. Like Singapore, Indonesia and Thailand are members of ASEAN, which as a region is pursing policies to promote ASEAN as a highly investable asset class Based on International Monetary Fund (IMF) estimates, combined nominal GDP of the ten ASEAN members is expected to expand by 113% between 2008 and 2016. The nominal GDP of Singapore, the industrialised member of ASEAN is expected to grow by 79%. Over the same timeframe, Japan nominal GDP is expected to increase by 39%, United States by 28% and Europe by 21%. The triple digit expansion of combined ASEAN GDP is congruent with the other two stalwarts of Developing Asia, China and India, which are expected to see their nominal GDP grow by 160% and 140% respectively between 2008 and 2016. These estimates are taken from by the Inte...

Full article: http://www.sgx.com/wps/wcm/connect/sgx_en/home/newsflash/...

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