Hassle free way for you to invest in Gold thru the Singapore Stock Exchange.
The SPDR Gold Shares ETF
Effective 30 June, dual currency trading will be introduced to the SPDR Gold Shares ETF which will commence trading in a secondary currency of SGD (Code: GSD), with the primary trading currency remaining the USD (code: O87). As the unit holdings executed via SGD and USD counters are custodised in a consolidated pool at the depository, investors can buy one currency counter and sell in the other currency counter.
The non-SIP ETF, also included under the CPFIS-OA, has a minimum board lot size of 5 units (approx. 0.47 ounces of Gold), which at a current unit price of US$166.00, has a value of US$830 (approx. S$1,110). The SPDR Gold Shares ETF was the most traded ETF listed in Singapore in 2019 and 2020, and the second most traded ETF in the 2021 year to date.
The SPDR Gold Shares ETF has averaged daily turnover close to US$4.0 million since the end of 2019, which compares to average daily turnover of US$1.7 million for the three years pre-COVID.
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