MAS: Annual report 2006 / 2007
CONTENTS
HOME
 
ENTERPRISE: Our Role
BUILDING ON A ROBUST MACROECONOMIC ENVIRONMENT
DEVELOPMENTS IN THE SINGAPORE SECURITIES MARKET
FOSTERING A SOUND & REPUTABLE FINANCIAL CENTRE
RISK MANAGEMENT & INFRASTRUCTURE
GROWING SINGAPORE AS AN INTERNATIONALLY COMPETITIVE FINANCIAL CENTRE
CURRENCY
ORGANISATIONAL INITIATIVES
GROWING SINGAPORE AS AN INTERNATIONALLY
COMPETITIVE FINANCIAL CENTRE
34
Asset Management 34
Box 7 - Emerging Clusters In Singapore’s Financial Services 35
Active Trading in the Equities and Derivatives Market 37
Leading Real Estate Investment Trusts Market in Asia 38
Shipping Trusts Seek Singapore Listing 38
Infrastruc ture Finance Taps the Capital Markets 38
Box 8 - Regulatory Oversight Of Commodity Futures 38
Growth in Collateralised Debt Obligations Market 39
Growth in Over-the-Counter Commodity Derivatives  
  Central Counterparty Clearing Activity 39
Box 9 - Listing Of Pioneer Exchange Traded Funds 39
 
Growth in Collateralised Debt Obligations Market
Over the last three years, more investments in Collateralised Debt Obligations (CDOs) were originated in Singapore than from any other country in Asia ex-Japan, and 2006 was no different. Singapore-based CDO asset managers launched S$6.7 billion CDOs in 2006.

These deals included UOB Asset Management’s Raffles Place Funding II (HG US ABS), Lion Capital’s Singa Funding Limited (HG US ABS), and ST Asset Management’s Orchid III (Mezzanine ABS) and Istana High Grace ABS CDO 1. Prudential Asset Management also launched Silk Road Plus, a managed global synthetic CDO. The portfolio has approximately 50% credit exposure to Asian entities.