Combined assets of five SGX-listed ETFs up 14.3% in July

Two of these top performing ETFs surpassed $1b in AUM in June-July.

The combined assets under management (AUM) of five Singapore-listed exchange traded funds (ETFs) saw a 14.3% jump $4.64b at end-July, a $580m increase from the $4.06b at end-2019, according to data from SGX Research.

These five are SPDR STI ETF, which expanded 34.3%; ABF Singapore Bond Index Fund ETF, which grew 12.9%; Nikko AM SGD Investment Grade Corporate Bond ETF, which rose 9.9% Nikko AM Singapore STI ETF, which rose 6.6% over the first seven months of 2020.

SPDR Gold Shares, which tracks gold prices, rounded up the top five with a 7.2% growth. Gold-backed ETFs and similar products recorded their eighth consecutive month of positive flows in July, adding 166 tonnes, according to SGX Research. This is equivalent to about US$9.7b or 4.1% of total ETF AUM.

Notably, the AUM of the SPDR STI ETF surpassed $1b for the first time in June, whilst the AUM of the ABF Singapore Bond Index Fund ETF exceeded $1b for the first time in July.

Meanwhile, the SPDR STI ETF and Nikko AM STI ETF garnered combined net creations of $574m over 7M 2020, as investors accumulated units amidst market declines. This is 226% higher than their combined total net creations of $176m for the entire 2019.

The AUM growth across the five ETFs was evenly balanced by individual investor and institutional investor participation, according to SGX. This is despite institutional investors making up the majority share of the combined AUM up to the end of 2019.

Overall, the total AUM of all ETFs listed on SGX grew by 20% YoY to $6b as of July.