Singapore-based UOB Asset Management has returned to the ETF market after a decade-long absence of new funds. The firm has launched what it claims is the world’s first Asia-focused green real estate investment trust (Reit) ETF. The UOB APAC Green Reit ETF replicates the iEdge-UOB APAC Yielf Focus Green Reit index developed by the Singapore Exchange in collaboration with UOB. The launch was inspired by the increased focus on the global climate and the impact of the urban landscape on sustainable development. The firm’s last ETF launch was back in 2009 when it listed the United SSE 50 China ETF in Singapore. © 2021 funds global asia