Investors may invest in a new home-grown physical gold ETF on the Singapore stock exchange later this month. Previously announced in November 2025, the LionGlobal Singapore Physical Gold exchange traded fund (ETF) will list on the Singapore Exchange (SGX) on Mar 26.
The ETF listing follows the December 2025 launch of the LionGlobal Singapore Physical Gold Fund, which size has grown to more than $500 million as of Feb 27, 2026.
Similar to the LionGlobal Singapore Physical Gold Fund, the new ETF tracks the performance of the London Bullion Market Association (LBMA) Gold Price AM and invests in LBMA Good Delivery gold, i.e., gold bars produced by refineries which meet LBMA’s quality and purity standards. Both ETF and the fund are backed by physical gold that is insured and vaulted in Singapore.
LionGlobal says that this is the first Singapore homegrown physical gold ETF to be listed on SGX and widens investor access to gold investment in a cost-effective manner.
Gold has been on a bull run over the past few years, fueled by global trade disputes, geopolitical tensions and financial market volatility, prompting investors to flock to this safe-haven asset. In 2025 alone, gold broke its price record 53 times and breached the US$5,000 per ounce mark in late-January 2026.
According to the World Gold Council, global demand for gold exceeded 5,000 tonnes in 2025. In Singapore, demand for gold bars and coins jumped 48% y-o-y. Meanwhile, demand for gold from ETFs and similar products (or paper gold) appears to have outpaced that for gold bars and coins. Paper gold scooped up 801.2 tonnes for the year, compared to a net outflow of 2.9 tonnes in 2024.
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Lion Global Investors CEO Teo Joo Wah says that investors are increasingly turning to gold as a “portfolio diversifier” and adds, “Through our gold offering, we provide a simple and accessible way for investors to enhance their core portfolios with physical gold exposure, at a time when traditional asset allocations may face greater challenges.”
The initial offer period for the ETF is Mar 6 to Mar 20 and it is available in both Singapore dollar and United States dollar denominations under the SGX tickers GLS and GLU respectively.
Investors can subscribe to the ETF through the participating dealers — DBS Vickers Securities, iFAST Financial, Lim & Tan Securities, Maybank Securities, Moomoo, OCBC Securities, Phillip Securities and Tiger Brokers Singapore.
OCBC customers can also invest in the ETF through OCBC ATMs, mobile and online banking from 9.00 am, Mar 6 through to 12.00 pm, Mar 19. The minimum subscription quantity is set at 10 units with a $2 application fee. Each ETF unit will be issued at US$5.
