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.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia