STI Investing reaches $2b milestone

“Within the STI, the five stocks DBS, UOB, OCBC, SATS and Ascendas REIT have seen the highest net institutional inflows so far this month, with their average 23% gains driven by $1.4b of net institutional inflows,” said SGX.

“The Assets under Management (AUM) of the two STI ETFs took 17 years to reach the $1b milestone in June 2019, and just 17 months to reach the $2b threshold,” reported SGX. “The SPDR STI ETF crossed the $1b threshold for the first time in its history back in June 2020, and the two STI ETFs have seen approximately $900m of net inflows or net unit creations in 2020 to 24 November.”

Advertisements