The Singapore Exchange (SGX) has announced the listing of the LionGlobal Singapore Physical Gold ETF, marking a significant milestone as the first gold ETF in Singapore with its bullion stored locally. Managed by Lion Global Investors, the ETF aims to provide investors with a means to diversify their portfolios amidst ongoing market uncertainties. The fund’s assets under management have already surpassed S$500m.
The ETF tracks the LBMA Gold Price AM and invests in gold bars that meet the London Bullion Market Association’s Good Delivery standards, ensuring a minimum fineness of 99.5%. Standard Chartered Bank serves as the custodian, with the gold securely stored and fully insured in Singapore. This development underscores Singapore’s growing reputation as a hub for precious metals trading in Asia.
Available in both Singapore and US dollars under the stock codes GLS and GLU, the ETF is priced at US$5 per unit. It is also eligible for investment through the Supplementary Retirement Scheme, allowing investors to integrate gold into their long-term financial strategies.
Ng Yao Loong, Head of Equities at SGX Group, highlighted the importance of gold in portfolio diversification, especially during volatile market conditions. He stated, “We value Lion Global Investors’ continued commitment to expanding innovative exchange-traded investment solutions.”
Teo Joo Wah, CEO of Lion Global Investors, expressed pride in launching Singapore’s first homegrown gold ETF, emphasising its role in enhancing trading efficiency and convenience for investors.
This new listing expands SGX’s ETF offerings to 53, with combined assets under management exceeding S$19 billion, further broadening investment opportunities for those seeking diversified exposure across various asset classes.
