CGS International debuts first ETF tracking Singapore Next 50 Index

It is expected to list on the SGX Main Board on 3 September.

CGS International Securities Singapore Pte. Ltd. (CGS SG) is launching the CGS Fullgoal Singapore Next 50 Active ETF, which will be the first exchange-traded fund tracking the iEdge Singapore Next 50 Index.

The fund’s initial offer period will begin at $1.00 per share and close on 26 August 2026.

It is expected to list on the SGX Main Board on 3 September 2026 under the ticker Q50.

The ETF is designed to give investors access to Singapore’s small- and mid-cap stocks through a single SGX-listed product.

The fund uses a six-factor quantitative model that assesses stocks based on valuation, growth, earnings surprises, analyst sentiment, earnings quality, and market factors.

The model ranks stocks and creates a portfolio of 30 to 50 companies, with holdings reviewed and rebalanced each month.

At least 80% of the portfolio will be invested in companies included in the iEdge Singapore Next 50 Index, whilst up to 20% may be allocated to other SGX-listed companies identified by the model.

The strategy aims to generate returns above the Next 50 Index whilst operating within set risk limits.

The quantitative model was developed and is managed by the fund’s investment adviser, Fullgoal Asset Management (HK) Ltd.

Fullgoal’s systematic equity team has operated multi-factor investment strategies in China since 2009 and manages four quantitative enhanced index funds covering China A-shares, MSCI, and Hong Kong Stock Connect mandates using the same framework.

The Singapore ETF marks the first use of Fullgoal’s quantitative framework for Singapore equities.

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