Exchange-traded funds listed and traded on the Singapore Exchange ( SGX ) rose to S$17.4 billion ( US$13.54 billion ) in assets under management, with S$138 million in net inflows for November, according to SGX Securities.

SPDR Gold ETF, meanwhile, recorded net inflows of S$1.3 billion for the month, extending its 18-month winning streak.

Daily average turnover for ETFs reached S$35 million during the month, up 110% year on year but down 29% compared with October. SPDR Gold Shares ETF led in daily turnover with S$8.3 million.

The Gold ETF extended its lead as the biggest ETF on SGX, with AUM climbing up to S$3.94 billion on the back of strong asset appreciation and S$67 million in monthly net inflows.

STI ETFs – SPDR Straits Times Index ETF and Amova Singapore STI ETF surpassed S$3.4 billion in combined AUM and achieved a 100% YoY rise in combined securities daily average value ( SDAV ) to S$5.9 million in November.

Total AUM of real estate investment trust ( Reit ) ETFs on SGX climbed to S$1.6  as total monthly inflows reached S$63 million. Led by the Lion-Phillip S-REIT ETF, S-REIT ETFs recorded a 133% YoY surge in combined SDAV to S$3.5 million.

Meanwhile, iShares USD Asia HY Bond ETF  surged 85% from the previous month and 1080% YoY to achieve S$5.2 million in daily average turnover, showing elevated interest in Asian fixed income.