Of the ETFs, 45% or $6.4 billion are equities-focused, 29% or $4.2 billion are on bonds, 17% or $2.5 billion are gold ETFs, while REIT ETFs make up the remaining 8% or $1.2 billion.
“Local investors can now build up to 80% of a diversified portfolio using only Singapore Exchange (SGX)-listed exchange-traded funds (ETFs),” say DBS Group Research analysts Foo Fang Boon and Ling Lee Keng.
Singapore has 47 listed ETFs with combined assets under management (AUM) of $14.3 billion as of June this year, 32% higher y-o-y. These ETFs cater to both growth- and income-focused investors, the analysts note in their Aug 21 report.
