The LionGlobal Singapore Physical Gold ETF* is the first gold ETF backed by physical gold, insured and securely vaulted in Singapore^.
This is Singapore's first listed share class of an existing commodities fund.
*Refers to ETF USD Class which is tradable in both SGD and USD on SGX
^Only applicable to allocated gold
The investment objective of the Fund is to track as closely as possible, before fees and expenses (including but not limited to hedging costs where applicable), the performance of the LBMA Gold Price* AM.
The Fund is backed by investment-grade gold bars with a minimum fineness of 99.5%, meeting LBMA standards*.
Singapore is globally recognised for its strong rule of law and domestic political stability
- Stable foreign relations
- Safe from natural disasters
- No history of gold confiscation since the country's founding in 1965
The allocated gold is vaulted in Le Freeport in Singapore, a secure storage facility with 24/7 security
- Electronic personnel monitoring, CCTV surveillance and armed guards
The allocated gold is insured to its full value against loss, theft and damage whilst in custody and in transit
| Reference Benchmark | LBMA Gold Price AM |
| Listing Date | 26 March 2026 |
| Issue Price | USD 5.00 per unit |
| Initial Offer Period (IOP) | 6 - 20 March 2026 |
| Base Currency | USD |
| Trading Currency | SGD, USD |
| SGX Code | GLS (SGD), GLU (USD) |
| Bloomberg Ticker | GLS SP (SGD), GLU SP (USD) |
| ISIN | SGXC60722623 |
| Trading Board Lot Size | 1 unit |
| Management Fee |
0.39% per annum# #Up to a maximum of 2% per annum of the Net Asset Value of the Fund. We intend to cap the total expense ratio of ETF USD Class (Acc) at 0.39% p.a. Any expenses that are payable by ETF USD Class (Acc) in excess of such cap will be borne by us and not ETF USD Class (Acc). |
| Creation / Redemption in cash (applicable to Participating Dealers) | 30,000 units (or such higher number of Units in multiples of 1,000 Units)** |
| Classification Status | Excluded Investment Product (EIP) |
| Designated Market Maker | Phillip Securities Pte Ltd, Flow Traders Asia Pte Ltd, North Point Global Pte Ltd. |
The LionGlobal Singapore Physical Gold ETF* is the first gold ETF backed by physical gold, insured and vaulted in Singapore^.
This ETF is a listed share class of the LionGlobal Singapore Physical Gold Fund which was incepted since 1 Dec 2025.
Key benefits of the ETF include:
• Physical Gold: The Fund is backed by investment-grade gold bars with a minimum fineness of 99.5%, meeting LBMA standards**
• Safekept in Singapore: Singapore is globally recognised for its strong rule of law and domestic political stability
• Securely Vaulted in Singapore: The allocated gold is vaulted in Le Freeport in Singapore, a secure storage facility with 24/7 security
• Fully Insured: The allocated gold is insured to its full value against loss, theft and damage whilst in custody and in transit.
*Refers to ETF USD Class which is tradable in both SGD and USD on SGX.
** LBMA (LONDON BULLION MARKETS ASSOCIATION) IS THE GLOBAL TRADE ASSOCIATION THAT SETS INTERNATIONAL STANDARDS FOR GOLD BULLION.
^Only applicable to allocated gold.
Both products access the same physical gold portfolio, which has been managed since 1 December 2025. This is Singapore’s first commodities fund with both unlisted and listed share classes that track the same benchmark.
For investors preferring SGD hedged class, it’s only available as an unlisted class. For investors preferring USD unhedged class and flexibility to trade in SGD and USD trading counters, it’s available as an ETF.
Compared with other gold investments, we fully vault the physical gold in Singapore and insure the fund’s physical gold holdings to its full value^.
^Only applicable to allocated gold.
Many other gold ETFs vault their gold in US and UK compared to Singapore (geopolitically neutral) and do not fully insure their gold.
Besides vaulting our physical gold in Singapore, we go one step further to offer assurance to investors by insuring our physical holdings against loss, damage and theft while in custody and transit.
Allocated gold is ringfenced and segregated in the vault with a unique identifier. The fund (being holder of the allocated account) has ownership and legal title to the physical gold holdings. Unallocated gold is a contractual claim to a certain pool of gold that is not uniquely identifiable in the Custodian’s vault. Unallocated gold sometimes exists when there’s insufficient amount (e.g. 399 oz) to round up to a full 400 oz gold bar.
Another purpose of the Unallocated account is to facilitate subscriptions and redemptions.
| Gold custody | Allocated account | Unallocated account |
| Fund allocation | 95% or higher to the extent practicable | Up to 5% to facilitate dealing or where assets cannot be held in whole bars of gold |
| Holding | Bars of gold physically segregated, individually identified with detailed records | Credit account backed by an aggregate pool of gold, and not specific bars of gold |
| Backed by | Physical gold | Custodian |
| Insurance | Fully insured under policy procured by custodian specific to Fund covers theft, loss and damages to physical gold bars in custody and transit | Insured up to the limit of indemnity stated under custodian general insurance policy |
In today’s uncertain global environment, Singapore stands out as a safe and stable investment hub, backed by its AAA credit rating, strong currency, and geopolitical neutrality.
As volatility unfolds, investors are increasingly seeking safe havens. Gold aligns with this need with 3 structural drivers:
- Central bank demand
- De-dollarization
- Long-term value preservation
The LionGlobal Singapore Physical Gold ETF* is the first gold ETF backed by physical gold, insured and vaulted in Singapore^.
Key benefits of the ETF include:
• Physical Gold: The Fund is backed by investment-grade gold bars with a minimum fineness of 99.5%, meeting LBMA standards**
• Safekept in Singapore: Singapore is globally recognised for its strong rule of law and domestic political stability
• Securely Vaulted in Singapore: The allocated gold is vaulted in Le Freeport in Singapore, a secure storage facility with 24/7 security
• Fully Insured: The allocated gold is insured to its full value against loss, theft and damage whilst in custody and in transit.
*Refers to ETF USD Class which is tradable in both SGD and USD on SGX.
** LBMA (LONDON BULLION MARKETS ASSOCIATION) IS THE GLOBAL TRADE ASSOCIATION THAT SETS INTERNATIONAL STANDARDS FOR GOLD BULLION.
^Only applicable to allocated gold.
The Initial Offering Period (IOP) of the LionGlobal Singapore Physical Gold ETF is from 6 to 20 Mar 2026.
During the IOP, you may subscribe via the following participating bank and dealers by the following dates:
| Participating Banks/Dealers | Subscription End Date | How to Subscribe |
| OCBC ATM, Online and Mobile Banking | Thu 19 Mar, 12pm | Click here |
| OCBC Securities | Wed 18 Mar, 12pm |
Subscribe via your Trading Representative (TR). Follow the below steps to find out the contact details of your TR.
|
| Lim & Tan Securities | Wed 18 Mar, 12pm | Please approach your Trading Representatives |
| Maybank Securities | Tue 18 Mar, 3pm | Please approach your Trading Representatives |
| POEMS | Thu 19 Mar, 5pm |
|
| Tiger Brokers | Thu 19 Mar, 5pm |
|
| Moomoo | Thu 19 Mar, 5pm | Click here |
| FSMOne | Fri 20 Mar, 9.30am |
|
Exclusive promotion during the Initial Offering Period
For FSMOne customers:
• Get SGD 10 cashback for every SGD 10,000 invested.
• Limited to SGD 100 per subscriber.
• Limited to first 200 subscribers.
• Cash subscriptions during 6-20 Mar IOP and cash & SRS subscriptions from 26 Mar-30 Apr.
For POEMS customers:
• Get SGD 12 cash credit for every USD 5,000 invested.
• Limited to SGD 600 per subscriber.
• Cash subscriptions during 6-19 Mar IOP
• Limited to first 400 subscribers.
For Tiger Brokers customers:
• USD 1,000-USD 4,999 investment = SGD 5 cash coupon
• USD 5k-USD 9999 investment = SGD 10 cash coupon
• >USD 10k investment = SGD 20 cash coupon
• Limited to first 300 subscribers.
• Cash subscriptions during 6-19 Mar IOP
*Refers to ETF USD Class which is tradable in both SGD and USD on SGX.
The issue price is USD 5.00 per unit with a minimum lot size of 1 unit.
You may use SRS monies to subscribe to the ETF after it is listed on SGX on 26 March 2026.
*Refers to ETF USD Class which is tradable in both SGD and USD on SGX.
For ATM, Online and Mobile Banking, the USD-SGD ATM FX rate is predetermined at 1.2915. Investors will subscribe for the ETF units at USD 5 / SGD 6.4575 per unit. This can be viewed on 6 Mar 9am - 19 Mar 12pm.
For Participating Dealers (PD), the FX rate will be determined by each PD.
Yes, investors will get full allotment of all ETF units they subscribe for during the IOP.
For example, an investor subscribes for 1 million units will be allocated 1 million units.
We expect to deploy the ETF’s IOP subscription proceeds and buy the physical gold on 20 Mar. The USD 5 price per unit will be based on the ETF’s average gold purchase price.
Since gold prices move readily, we cannot estimate the ETF’s average gold purchase price but aim to track the reference benchmark (LBMA AM gold price) closely.
*Refers to ETF USD Class which is tradable in both SGD and USD on SGX.
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^Refers to OCBC Securities Private Limited.
**Subscribe by 19 March 2026, 12pm at SGD 2 application fee. Terms and conditions apply.
Webinar
Date: Wed, 11 Mar 2026
Time: 12:00PM - 1:00PM (Singapore)
Disclaimer – LionGlobal Singapore Physical Gold ETF
This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. It is for information only, and is not a recommendation, offer or solicitation for the purchase or sale of any capital markets products or investments and does not have regard to your specific investment objectives, financial situation, tax position or needs.
An investment in a precious metals fund carries risks of a different nature from other types of collective investment schemes which invest in transferable securities and a precious metals fund may not be suitable for persons who are adverse to such risks.
You should read the prospectus and Product Highlights Sheet of the Fund, which is available and may be obtained from Lion Global Investors Limited (“LGI”) or any of the appointed Participating Dealers (“PDs”), agents or distributors (as the case may be) for further details including the risk factors and consider if the Fund is suitable for you and seek such advice from a financial adviser if necessary, before deciding whether to purchase units in the Fund. Applications for units in the listed or unlisted classes of the Fund must be made in the manner set out in the prospectus. The Fund replacement prospectus has not been registered by the Monetary Authority of Singapore.
Investments in the Fund are not obligations of, deposits in, guaranteed or insured by LGI or any of its affiliates and are subject to investment risks including the possible loss of the principal amount invested. The performance of the Fund is not guaranteed and the value of units in the Fund and the income accruing to the units, if any, may rise or fall. Past performance, payout yields and payments as well as any predictions, projections, or forecasts are not necessarily indicative of the future or likely performance, payout yields and payments of the Fund. Any extraordinary performance may be due to exceptional circumstances which may not be sustainable. Any dividend distributions, which may be either out of income and/or capital, are not guaranteed and subject to LGI’s discretion. Any such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value of the Fund. There can be no assurance that any of the allocations or holdings presented will remain in the Fund at the time this information is presented. Any information (which includes opinions, estimates, graphs, charts, formulae or devices) is subject to change or correction at any time without notice and is not to be relied on as advice. You are advised to conduct your own independent assessment and investigation of the relevance, accuracy, adequacy and reliability of any information or contained herein and seek professional advice on them. No warranty is given and no liability is accepted for any loss arising directly or indirectly as a result of you acting on such information. The Fund may, where permitted by the prospectus, invest in financial derivative instruments for hedging purposes or for the purpose of efficient portfolio management. The Fund's net asset value may have higher volatility due to its narrower investment focus (primarily in Gold (as defined in the prospectus)), when compared to funds with more diversified portfolios. LGI, its related companies, their directors and/or employees may hold units of the Fund and be engaged in purchasing or selling units of the Fund for themselves or their clients.
Please refer to the Prospectus for further details, including a discussion of certain factors to be considered in connection with an investment in the listed units of the Fund on the SGX-ST.
The listed units of the Fund are listed and traded on the Singapore Exchange (“SGX”), and may be traded at prices different from their net asset value, suspended from trading, or delisted. Such listing does not guarantee a liquid market for the units. You cannot purchase or redeem listed units in the Fund directly with the manager of the Fund, but you may, subject to specific conditions, do so on the SGX or through the PDs.
© Lion Global Investors Limited (UEN/ Registration No. 198601745D). All rights reserved. LGI is a Singapore incorporated company, and is not related to any corporation or trading entity that is domiciled in Europe or the United States (other than entities owned by its holding companies).
Disclaimer - ICE Benchmark Administration Limited
THE LBMA GOLD PRICE, WHICH IS ADMINISTERED AND PUBLISHED BY ICE BENCHMARK ADMINISTRATION LIMITED (IBA), SERVES AS, OR AS PART OF, AN INPUT OR UNDERLYING REFERENCE FOR LIONGLOBAL SINGAPORE PHYSICAL GOLD FUND.
LBMA GOLD PRICE IS A TRADE MARK OF PRECIOUS METALS PRICES LIMITED, AND IS LICENSED TO IBA AS THE ADMINISTRATOR OF THE LBMA GOLD PRICE. ICE BENCHMARK ADMINSTRATION IS A TRADE MARK OF IBA AND/OR ITS AFFILIATES. THE LBMA GOLD PRICE AM, AND THE TRADE MARKS LBMA GOLD PRICE AND ICE BENCHMARK ADMINISTRATION, ARE USED BY LION GLOBAL INVESTORS LIMITED WITH PERMISSION UNDER LICENCE BY IBA.
IBA AND ITS AFFILIATES MAKE NO CLAIM, PREDICATION, WARRANTY OR REPRESENTATION WHATSOEVER, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED FROM ANY USE OF THE LBMA GOLD PRICE, OR THE APPROPRIATENESS OR SUITABILITY OF THE LBMA GOLD PRICE FOR ANY PARTICULAR PURPOSE TO WHICH IT MIGHT BE PUT, INCLUDING WITH RESPECT TO LIONGLOBAL SINGAPORE PHYSICAL GOLD FUND. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ALL IMPLIED TERMS, CONDITIONS AND WARRANTIES, INCLUDING, WITHOUT LIMITATION, AS TO QUALITY, MERCHANTABILITY, FITNESS FOR PURPOSE, TITLE OR NON-INFRINGEMENT, IN RELATION TO THE LBMA GOLD PRICE, ARE HEREBY EXCLUDED AND NONE OF IBA OR ANY OF ITS AFFILIATES WILL BE LIABLE IN CONTRACT OR TORT (INCLUDING NEGLIGENCE), FOR BREACH OF STATUTORY DUTY OR NUISANCE, FOR MISREPRESENTATION, OR UNDER ANTITRUST LAWS OR OTHERWISE, IN RESPECT OF ANY INACCURACIES, ERRORS, OMISSIONS, DELAYS, FAILURES, CESSATIONS OR CHANGES (MATERIAL OR OTHERWISE) IN THE LBMA GOLD PRICE, OR FOR ANY DAMAGE, EXPENSE OR OTHER LOSS (WHETHER DIRECT OR INDIRECT) YOU MAY SUFFER ARISING OUT OF OR IN CONNECTION WITH THE LBMA GOLD PRICE OR ANY RELIANCE YOU MAY PLACE UPON IT.