The SPDR Gold Shares ETF has emerged as the leading exchange-traded fund (ETF) in Singapore for the first half of 2025, with net inflows reaching S$309m by 13 June. This marks the highest inflow among Singapore-listed ETFs, surpassing the Nikko AM SGD Investment Grade Corporate Bond ETF, which saw S$115m in net inflows. The SPDR Gold Shares ETF, available in both USD and SGD, has gained significant traction, particularly with young investors.
The ETF’s appeal is partly due to its role as a safe haven amid global economic uncertainties. Robin Tsui, State Street Global Advisors APAC Gold Strategist, noted, “Gold’s rise in early 2025 has reaffirmed its role as a low-volatility, portfolio-diversifying safe haven amid widening macroeconomic and geopolitical uncertainty.” Tsui projects a medium-term bullish outlook for gold, with prices potentially reaching $3,100–$3,500 (US$3,100–US$3,500) per ounce.
The SPDR Gold Shares ETF has delivered a 31% total return in USD terms for the year to 13 June, although the depreciation of USD/SGD has reduced this gain to 23% in SGD terms. The ETF’s structure allows for the creation of units through authorised participants, with each unit initially representing 1/10th of an ounce of gold.
Investors interested in learning more about gold’s strategic role in diversified portfolios can attend a free webinar hosted by SGX Academy on 26 June. The session will explore gold’s characteristics as an investment instrument and its potential to manage risk and enhance returns. As the ETF market continues to evolve, gold remains a pivotal asset for investors seeking stability amidst economic fluctuations.
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