SGX eyes single-stock ETFs, tie-ups across markets for growth amid multi-asset exchange push
The bourse may also consider single stock or leveraged products if there is interest, says its CEO
The Singapore Exchange (SGX) is exploring the possibility of offering a wider range of exchange-traded funds (ETFs) and strengthening partnerships across regional markets to enhance its standing as Southeast Asia's leading multi-asset exchange. SGX's chief executive officer, Loh Boon Chye, emphasized the company's commitment to expanding the variety of ETFs, covering different asset classes and sectors throughout the region.
The exchange currently hosts 53 ETFs, with over S$21 billion (US$16.4 billion) in assets under management.
SGX recently launched its first physical gold ETF in March and will introduce an active ETF tracking the iEdge Singapore Next 50 Index in September, which focuses on the 50 largest companies listed on SGX, excluding the top 30. The Singapore market has experienced significant growth in recent years, with equities achieving multiple record highs driven by investor confidence amid geopolitical tensions and the AI trade volatility.
SGX's share price has risen by nearly 50% this year, placing it among the top performers in the Straits Times Index. The exchange reported record full-year earnings in June, with net income increasing by 7.8% year-on-year to S$698 million, driven by a 33% surge in 2025 and strong performance in equities, foreign exchange, and commodities segments.
To further boost fundraising activities, SGX aims to collaborate more closely with other regional markets. The exchange has partnered with Nasdaq to facilitate dual listings for companies seeking to trade on both the Singapore and US tech indices. Additionally, SGX has formed a collaboration with the Thai bourse to offer depository receipts for Thai-listed companies.
Loh, who has been leading SGX since 2015, is focused on leveraging the revival in Singapore's capital markets to expand the business and pursue strategic deals that could broaden the exchange's geographical reach. SGX currently has over 50 initial public offerings in the pipeline, with expectations of a higher number of IPOs in the coming year.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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