European asset manager Amundi, Endowus launch low-cost index fund tracking STI

In line with SG60, Endowus has partnered with Amundi to launch Singapore’s first unit-trust-based index fund tracking the Straits Times Index (STI), offering a low-cost, no-sales-charge investment option exclusively on the Endowus platform. Chairman and Group Chief Investment Officer Samuel Rhee said the fund supports Singaporeans’ long-term wealth journeys while contributing to the nation’s market development.