Singapore Index Fund grows by 19% as assets reach $59m in H2 2025

Financial stocks accounted for 54.4% of the portfolio.

Singapore Index Fund net assets reached $59.01m—a 19.02% growth rate for the financial half-year ended 31 December 2025—compared with the 19.80% return for its benchmark, the Straits Times Index.

Total return reached $9.50m, whilst net assets rose to $59.01m, according to a financial statement.

Financial stocks constitute 54.40% of the portfolio, whilst real estate accounts for 15.78%, and industrials 15.62%. Singapore-domiciled equities make up 89.51% of the fund.

DBS Group Holdings Limited is the largest position at 26.09% of net asset value, followed by Oversea-Chinese Banking Corporation Ltd at 15.13% and United Overseas Bank Limited at 10.09%.

The Straits Times Index gained 28.6% during the 2025 calendar year. DFI Retail Group Holdings recorded a 103.0% return, whilst Thai Beverage posted an 11.4% loss during the period.

The fund expense ratio was 1.00% on 31 December 2025, compared with 1.01% for the same period a year prior.

The portfolio turnover ratio increased to 0.05%, whilst unitholder redemptions for the period amounted to $931,664.

The Ministry of Trade and Industry forecasts Singapore GDP growth of 1% to 3% in 2026, whilst the Monetary Authority of Singapore projects core inflation of 1% to 2% for the same year.

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