Singapore-based SGX Securities has launched CSOP iEdge Southeast Asia+ TECH Index ETF, which is managed by CSOP Asset Management and offers investors access to the fast-growing digital and technology sectors in India and Southeast Asia ( SEA ).

Developed by SGX Index Edge as part of its suite of thematic index solutions, this exchange-traded fund ( ETF ) aims to track the performance of the largest 30 technology companies based in India, Indonesia, Malaysia, Singapore, Thailand and Vietnam.

Constituents in the fund include companies in technology-related sectors such as information technology, software and consulting, car manufacturing, electronic components and manufacturing, and retail and media services.

The digital transformation of South and Southeast Asia, supported by growing middle-class populations and rising disposable incomes, is accelerating and driving the rise of the start-up sector.

The digital economy in Southeast Asia is projected by E-Conomy SEA 2022 to reach US$1 trillion by 2030, while India is fast emerging as the world’s technology and services hub, opening up massive investment opportunities.

“Nowhere in the world is the pace of digital transformation faster than in South and Southeast Asia, and investors are taking note,” says Michael Syn, SGX Group’s senior managing director and head of equities. This ETF provides investors with exposure to some of the most innovative and fast-growing technology companies, enabling access to exciting growth opportunities in these markets and portfolio diversification benefits at the same time.”