Which ETFs generated the strongest gains in 2023?

Last year, SGX saw the introduction of five new ETFs.

The Singapore Exchange (SGX) Exchange-traded fund (ETF) market was defined by US and India-focused ETFs, which generated the strongest gains in 2023.

“The gains of the US technology stocks which comprise a third of the S&P 500, and increased odds for a soft landing in the US Economy supported the US Indices, while India‘s robust economic performance and 6%+ growth rates supported its local stock market,” the SGX said.

Gold ETFs likewise outperformed other assets in 2023, gaining 12% in SGD and 31% since 2019.

“The ETF ended the year at S$191.17 per unit, equivalent to ~0.094 ounces of gold. Physical gold prices also reached record highs in December 2023,” SGX said.

In 2023, SGX also welcomed new ETFs, which were all equities-focused.

The two Asia-focused ETFs included the iShares MSCI Asia ex-Japan Climate Action ETF and the CSOP iEdge Southeast Asia+ TECH Index ETF. 

The two China-focused ETFs included the CGS Fullgoal CSI 1000 ETF and CSOP Huatai-PineBridge SSE Dividend Index ETF, with the CGS Fullgoal Vietnam 30 Sector Cap ETF also listed.