Activity in ETFs and structured products on the Singapore Exchange (SGX) surged in October, driven by strong flows into gold and Asian markets.
Trading activity on SGX’s product platforms jumped in October, with ETFs recording average daily turnover of S$49.4m (US$37.9m), up 26% month on month and 93% year-on-year, as per a recent release by the trading venue. REIT ETFs hit combined AUM of S$1.5 billion (+7.1% month on month) Total ETF assets under management (AUM) rose to S$17.2 billion, supported by net inflows of S$487 million. The gold-linked ETF led performance, with assets increasing to S$3.7 billion as monthly inf