SPDR Gold Shares is the only gold ETF listed on the SGX. This ETF was the most traded ETF of the SGX having a trading volume of $1.63 billion.
State Street Global Advisors, the assessment management business of the State Street Corporation, along with the World Gold Council have announced that all SPDR Gold Shares, which are already trading on the Singapore Exchange (SGX), will start to trade in a secondary currency of the Singapore Dollar (SGD) from June 30.
SPDR Gold Shares is an exchange traded fund (ETF) launched by the World Gold Council and State Street Global Advisors that tracks the price of gold bullions. Currently, SPDR Gold Shares is the largest ETF backed by physical gold.
