SGX ETF figures show volatile year

SGX October 2017 data shows that the exchange’s market turnover in ETFs was SGD162 million, down 4 per cent month on month and 58 per cent year on year.

The exchange reports that the SGX ETF turnover in October 2016 was exceptionally high due to sizable block trades. Turnover was SGD390 million in Oct 2016, of which SGD170 million was block trades in db x-trackers MSCI AC Asia Ex Japan Index UCITS ETF.

A spokesman for the exchange writes: “When removing those trades, the remaining turnover was SGD220 million in Oct 2016. The reduction of SGD58 million YoY (SGD220-162) is due to a fall in overall ETF trading activities, led by lower trading of SGD12 million YoY in SPDR Gold Shares.”

SGX has recently listed the Lion Phillip S-REITS ETF which raised SGD106 million before the first trading day making it the largest ETF launch in SGX’ history. By 6 November, assets had risen to SGD112 million.

According to ETFGI data this new ETF is the largest REITs ETF in Asia ex Japan.

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Beverly Chandler
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