Blackrock’s iShares USD Asia High Yield Bond ETF accounted for almost 75% of 2021’s overall net ETF inflows among the ETFs listed on the Singapore Exchange. The USD Asia HY ETF represented S$2.94bn ($2.2bn) out of the overall net ETF inflows in Singapore of S$4.04bn ($3bn). The ICBC CSOP FTSE Chinese Government Bond ETF had the next highest fund inflows, which amounted to S$316mn ($234.7mn). SGX said there was increased interest from institutional investors in Asian fixed-income strategies particularly in regional high-yield bonds and renminbi-denominated Chinese government debt.
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