CIMB launches Asean ETF

Malaysian banking group CIMB has listed a dollar-denominated exchange-traded fund (ETF) focused on the Asean region. The FTSE/Asean 40 ETF listed in Singapore and claimed by CIMB to be the first of its kind, will track an index that holds the largest 40 stocks by market capitalisation from across Singapore, Malaysia, Thailand, Indonesia and the Philippines. CIMB's selection criteria slants the ETF towards Malaysian and Sinaporean equities with 11 stocks each, followed by nine Thai sto…