SGX Stock Exchange today welcomed the listing of the LionGlobal Singapore Physical Gold ETF – the first in Singapore with its underlying bullion vaulted locally – offering investors exposure to physical gold as a portfolio diversifier. With the underlying fund’s assets under management exceeding S$500 million at listing, the ETF underscores global demand for the precious metal amid market uncertainty.
Managed by Lion Global Investors, the ETF tracks the LBMA Gold Price AM and invests in gold bars that meet LBMA Good Delivery standards with a minimum fineness of 99.5%. Custodised by Standard Chartered Bank, the gold is physically stored and fully insured in secure vault facilities in Singapore, reflecting Singapore’s growing role as a trusted hub for precious metals trading and vaulting in Asia.
Designed to broaden investor access to gold, the ETF is issued at US$5 per unit with a board lot size of one unit. Units of the ETF are available in SGD and USD under the stock codes GLS and GLU, respectively. The ETF is also eligible for investment using Supplementary Retirement Scheme (SRS) funds, enabling investors to incorporate gold exposure into long-term portfolios.
Ng Yao Loong, Head of Equities, SGX Group, said, “Gold has long played an important role in portfolio diversification, particularly during periods of market volatility and geopolitical uncertainty. We value Lion Global Investors’ continued commitment to expanding innovative exchange-traded investment solutions. Through this partnership with LGI and our ecosystem partners, we are offering differentiated investor access to Singapore-vaulted gold while reinforcing Singapore’s position as a trusted gateway for global investment products.”
Teo Joo Wah, CEO, Lion Global Investors, said, “We are proud to list Singapore’s first homegrown gold ETF on SGX, marking an important milestone in expanding access to our Singapore investment capabilities across equity, bond and gold ETFs. The LionGlobal Singapore Physical Gold ETF provides investors with greater convenience and trading efficiency. It reflects our long-term commitment to serving Singapore investors through differentiated, homegrown ETF solutions, while contributing to Singapore’s evolution as a leading gold hub.”
Francois Verlaine, regional head of financing and securities services for ASEAN & South Asia at Standard Chartered, said, “Building on our support for Lion Global Investors’ physical gold fund, we are pleased to continue our partnership with the launch of its ETF. This milestone not only broadens access to gold as a safe-haven asset in periods of uncertainty but also reflects the continued development of Singapore’s fund management ecosystem, underpinned by the infrastructure and capabilities required to bring such products to market.”
The LionGlobal Singapore Physical Gold ETF adds to SGX Stock Exchange’s growing ETF suite, expanding the range of investment opportunities available to investors seeking diversified exposure across asset classes. With this listing, SGX Stock Exchange now hosts 53 ETFs with combined assets under management of more than S$19 billion.
