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Singapore ETF market hits record S$21 billion AUM in H1 as trading activity doubles: SGX
['Deon Loke']
The Business Times
Gold, Reit ETFs lead asset growth; STI leads equity ETF performance as blue-chip stocks rallyStraits Times Index ETFs crossed the S$5 billion AUM threshold following 16 consecutive months of net inflows.
Asean Intelligence Get insights into businesses across South-east Asia Get the free reportGold, Reit ETFs lead asset growthSafe-haven demand and inflationary hedging continued to channel massive capital into commodities.
The SPDR Gold Shares ETF recorded S$981 million in net inflows during the six-month period alone, swelling its local AUM to S$4.7 billion.
Reit ETF assets reached a record high of S$1.8 billion, supported by S$227 million in net inflows as average S-Reit yields remained attractive above 5 per cent.
The Phillip SGX Apac Dividend Leaders Reit ETF was the most resilient Reit ETF in H1, with a year-to-date return of minus 2.2 per cent.