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ICBC CSOP Chinese Government Bond ETF to Drop Phillip Securities as Market Maker

Story Highlights
  • CSOP Asset Management will end Phillip Securities’ role as designated market maker for its ICBC CSOP FTSE Chinese Government Bond ETF in March 2026.
  • The manager says the loss of one market maker will not change the ETF’s investment objective or management approach, with other market makers still supporting liquidity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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ICBC CSOP FTSE Chn Gov Bd ETF ( (SG:CYC) ) just unveiled an update.

CSOP Asset Management Pte. Ltd., manager of the ICBC CSOP FTSE Chinese Government Bond Index ETF listed on SGX, announced that Phillip Securities Pte Ltd will cease to be a designated market maker for the fund with effect from 6 March 2026. Other designated market makers, including Flow Traders Asia, CLSA Singapore, Guotai Junan Investments and Jane Street Financial, remain in place.

The manager stated that this change will not materially affect how the ETF is managed and will not alter its investment objective, focus or approach. The announcement is positioned as informational only, indicating that no action is required from unitholders and suggesting limited operational or strategic impact on investors and the fund’s overall market functioning.

More about ICBC CSOP FTSE Chn Gov Bd ETF

ICBC CSOP FTSE Chinese Government Bond Index ETF is managed by CSOP Asset Management Pte. Ltd. and tracks an index of Chinese government bonds. The exchange-traded fund is listed on SGX in multiple currency counters and relies on designated market makers to support secondary market liquidity for investors.

Average Trading Volume: 5,717

Learn more about CYC stock on TipRanks’ Stock Analysis page.

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