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Retail investors bought nearly $20b of Singapore equities since 2020.
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Combined retail assets under management in Straits Times Index (STI) exchange-traded funds increased fivefold from $884m to $4.2b, according to the Singapore Exchange (SGX).
SGX said an indicative monthly investment of $1,000 in the SPDR STI ETF from December 2019 to July 2026 would have accumulated 27,093 units from total contributions of $80,000.
Based on the ETF’s July 2026 closing price of $5.751, the investment would have been valued at $155,812.
This represents a basic return of 94.8% and an indicative compound annual growth rate of 10.7%, excluding transaction costs.
If the ETF had ended July 2026 at $3 per unit instead of $5.751, the indicative annual return would have been approximately 0.2%.