Amundi and Endowus launch nation’s first STI-focused index fund for Singapore investors by a global asset manager

                                                                         The new index fund offers a low-cost option for investors to align their wealth building with Singapore’s most successful listed companies
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16 July 2025 - Amundi, the largest European asset manager and a global leader in index investing, partnered with Endowus, Asia’s leading independent wealth advisor and investment platform, to launch the Amundi Singapore Straits Times (the “Fund”). This landmark launch marks the first unit-trust-based index fund tracking the Straits Times Index (STI) by a global asset manager in Singapore.

The Fund commemorates SG60, celebrating Singapore’s independence and transformation into a global economic powerhouse. The STI, a benchmark of the nation’s most established and resilient listed companies, reflects the country’s economic prowess. Through the Fund, investors can participate and grow alongside Singapore’s ongoing growth story in a low-cost, meaningful way. 

This collaboration combines Amundi’s global investment expertise in ETF and index management with Endowus’ digital-first, client-centric platform, reflecting both firms’ commitment to financial inclusion and innovative solutions. The Fund aims to replicate the performance of the STI, which has historically offered dividend yields relatively higher than regional bourses and lower volatility compared to global equity benchmarks, driven by Singapore’s robust banking, real estate, telecommunications, and industrial sectors. 

Amid global volatility, Singapore’s equity market has been a pillar of stability. In 2024, the STI delivered total returns of 24.3%, achieving its best performance in a decade. Over the 18-year period from January 2008 to June 2025, the STI maintained an average dividend yield of 3.77%, with yields generally between 3% and 5%. This positions the Fund as an option for investors seeking stable income or defensiveness, while maintaining exposure to the long-term growth potential of Singapore’s economy.

The Fund launch also aligns with broader efforts by the Monetary Authority of Singapore to strengthen the local equities market. Several policy initiatives and incentives are being explored and introduced to boost participation among both retail and institutional investors, strengthen market liquidity, and elevate the visibility of local equities. The Fund complements these by attracting additional capital to benefit local enterprises. 

‍Albert Tse, Chief Executive Officer of Amundi South Asia, said, “We are proud to be the first global asset manager since the Global Financial Crisis to launch a fund of this nature, leveraging our longstanding expertise in indexing solutions and trusted partnership with a homegrown financial platform like Endowus to deliver this to Singapore investors for SG60. As we commemorate Singapore’s 60^th year of independence, the Amundi Singapore Straits Times Fund reflects our unwavering commitment to supporting local investors in their journey of building long-term financial resilience, while contributing to the continued development of Singapore’s capital markets.

The Fund will be available exclusively on the Endowus platform, at a low, all-in-one fee under an institutional share class. With no sales charges and low management fees, the Fund offers another option for investors seeking growth with relatively lowered volatility compared to usual equity markets in their wealth journey.

“This fund is not just a milestone in product innovation—it is an expression of national pride and purpose,” said Samuel Rhee, Chairman and Chief Investment Officer, Endowus. “As a homegrown brand, Endowus is proud to play a role in deepening financial access and supporting the aspirations of Singaporeans through every stage of their wealth journey. Investing in Singapore’s most established companies is, in many ways, investing in the nation’s continued prosperity.”

‍Serene Cai, Head of Securities Trading at SGX Group: “We are heartened by the growing interest in the Straits Times Index, which reflects the resilience and relevance of Singapore’s equity market as a core allocation. With close to S$3 billion of listed assets tracking the STI today, the index continues to demonstrate its strength as a trusted benchmark - offering institutional and retail investors diversified exposure to Singapore’s leading companies and delivering consistent performance over time.”

‍Emerald Yau, Head of Equity Index Product Management, Asia, at FTSE Russell, an LSEG business, said: “The Straits Times Index is Singapore’s most recognised equity benchmark, tracking the top 30 largest and most liquid companies on the Singapore Exchange. With a history dating back to 1966, it remains a trusted barometer of Singapore market’s resilience and long-term growth. We’re pleased it has been selected as the benchmark for Amundi’s new fund, supporting innovation and investor access in Singapore’s evolving financial landscape.”

‍Wong Wei Kong, Editor-in-Chief of the English, Malay and Tamil Media Group at SPH Media, said: “We're delighted that the Straits Times Index will be the benchmark for Amundi's innovative new fund. Even as Singapore commemorates 60 years of independence and The Straits Times celebrates 180 years this year, the STI will be looking forward to being 60 next year. It is truly an integral part of the nation's economic, business and market development."

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About Amundi

Amundi, the leading European asset manager, ranking among the top 10 global players, offers its 100 million clients - retail, institutional and corporate - a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages close to €2.2 trillion of assets.

With its six international investment hubs, financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

Amundi clients benefit from the expertise and advice of 5,500 employees in 35 countries. 

‍Amundi, a trusted partner, working every day in the interest of its clients and society‍

‍www.amundi.com  ‍‍

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‍About Endowus

Endowus is Asia’s leading independent wealth advisor. With entities licensed by the Securities & Futures Commission of Hong Kong and Monetary Authority of Singapore, Endowus is the first digital advisor in the region to span personal savings, private wealth and public pension (CPF & SRS in Singapore), helping investors – individuals, family offices, endowments, and institutions – grow their wealth holistically, with conflict-free advice and access to institutional financial solutions at low and fair fees, through a personalised digital wealth experience.

Founded in 2017, Endowus has raised a total of over US$110 million in funding from investors including UBS, EDBI, Prosus Ventures, Lightspeed Venture Partners, Citi Ventures, MUFG Innovation Partners, Singtel Innov8, Samsung Ventures, SBVA, OSK Ventures, Z Venture Capital, and ACF - a joint venture between JLIN LLC and The Wells Investments. Endowus also has some of the largest billionaire family offices in Asia, as well as the founders and employees of Endowus. 

Endowus continues to push the boundaries on innovation and democratising access, as it partners with 100+ global fund managers across public markets, private markets, hedge funds and alternatives to provide world-class solutions to its clients at a fair and transparent cost, delivered through Endowus’ fee-only business model. Endowus Private Wealth clients have access to a comprehensive range of expertly curated strategies in private markets and alternatives from firms such as Ares, Apollo, Blackstone, Bridgewater, Carlyle, EQT, HarbourVest, Hudson Bay, KKR, LMR, Millennium, Partners Group, Oaktree, Point72, Schonfeld, and more.

Endowus’ leadership and growth have been recognised by the industry, attaining numerous awards, including Asia’s Best Digital Wealth Management and Hong Kong’s Best FinTech Innovation in Asset Management (Asia Asset Management’s Best of the Best Awards 2025). Endowus was ranked 45th on The Financial Times’ High-Growth Companies Asia Pacific 2025 list and 9th on Singapore’s Fastest-Growing Companies 2025 list. The firm was also the leading WealthTech provider on the  Fortune Fintech Innovators Asia 2024 list, among 60 brands across the region transforming finance. Other accolades include Singapore’s Best Digital Wealth Management Experience (The Asset Triple A Digital Awards 2025), Best Digital Upgrade for enhancements made on the Endowus app (The Asset Triple A Digital Awards 2024), and Best WealthTech Solution 2023 (Asian Private Banker 9th Technology Awards). Endowus is also among the firms named in the World Economic Forum’s Technology Pioneers 2023, LinkedIn Top Start-ups 2024 and Forbes’ “100 to Watch” list for 2022.

The Endowus Group comprises Endowus' licensed companies in Hong Kong and Singapore, as well as Hong Kong-based multi-family office Carret Private. Endowus Group serves over a hundred thousand clients with content, advice and access. With group assets of over US$7 billion, it is one of the largest independent wealth managers in Asia. From a combination of providing 100% trailer fee rebates as direct cashback to clients, and fund fee savings from access to institutional share classes and exclusive funds, Endowus is estimated to help its clients save more than US$50 million in fees per year.

For more information, visit  www.endowus.com.