German fund manager DWS has migrated its Luxembourg range of domestic ETFs to the international central securities depositaries (ICSD) model. The ETFs will be listed on the Singapore Exchange and Hong Kong Exchanges and Clearing Limited, supported by Brussels-based ICSD Euroclear. The ICSD issuance model was introduced in 2013 by Euroclear and Clearstream as a more efficient trading structure for European ETF issuers, more akin to the US model. According to Euroclear, the move is the first such cross-listing and will enable ETFR issuers to expand their distribution network to Asia.   “The migration of our full product offering of ETFs to the ICSD model marks a milestone in our effort to provide investors in Asia Pacific with efficient settlement and liquid listings,” said Keshava Shastry, global head of capital markets, DWS Group. © 2022 funds global asia