Singapore stocks tracked by AVDV post 42% YTD return

Average daily turnover (ADT) across the group surged to $52.9m in 2025 (as of 25 July).

Thirty Singapore-listed stocks tracked by the Avantis International Small Cap Value ETF (AVDV) are seeing a sharp rise in trading activity and returns this year.

Average daily turnover (ADT) across the group surged to $52.9m in 2025 (as of 25 July), up 80% from $29.3m in 2024. Twenty-two of the 30 counters saw increased ADT, whilst the basket delivered a 42% average and 25% median total return year-to-date.

Managed by American Century Investment, AVDV targets undervalued and profitable small-cap stocks in developed markets outside the US. The fund now holds 30 SGX-listed companies, with Yangzijiang Financial Holding (0.61% of the ETF) and First Resources (0.18%) as its top Singapore exposures.

Among the standouts: Yangzijiang Financial gained 138% year-to-date, Wee Hur Holdings rose 99%, and CNMC Goldmine delivered a 103% return. Energy names like Rex International, Geo Energy, and RH Petrogas also posted strong performances.

Notably, AVDV recently crossed the 5% ownership threshold in Rex International, making it a substantial shareholder. Rex now represents 0.09% of the ETF’s portfolio, with the ETF holding 69 million shares.

AVDV uses adjusted book-to-price and cash flow-to-book ratios to screen for value and profitability, alongside filters for liquidity, governance, and risk.

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