【Money Market Fund】
US$ MMF Net 7-day Yield: +3.64%*
During the week, nonfarm payrolls were softer and CPI inflation was broadly in-line. OIS markets priced in around 30% probability of a hike at the September FOMC meeting. However, HSBC’s view is for Fed to hold policy rates steady through 2026 and 2027, though risks to the outlook are skewed to the upside.
* 7-day net yield is calculated based on calendar days and NAVs in 5-decimal.
【REITs】
S$ SRT YTD total return: -2.52%
As of 14 Aug 2026 (Fri), $CSOP iEdge SREIT ETF S$(SRT.SI)$ declined 0.14% WTD, bringing its YTD total return to -2.52%. WTD losses were led by industrial, retail and residential by subsector, and MLT, CLAR and CICT, by individual REIT.
Nevertheless, looking at Singapore’s economy broadly, the MTI raised its 2026 GDP growth forecast to 4.5%-5.5% from 2.0%-4.0%, citing stronger-than-expected 1H performance and improving prospects driven by accelerating global AI capex. Nomura, DBS, Standard Chartered, and UOB have also upgraded their Singapore growth forecasts.
【Fixed Income】
CYC YTD NAV: +2.21% in CNY; +5.94% in USD^
The PBoC has stepped up overnight reverse repo operations, improving funding conditions and reducing liquidity risk premiums. Increased liquidity support has reinforced bond market sentiment, while the focus on overnight funding is expected to support bond outperformance versus swaps. The Q2 monetary policy statement provided no major new policy signals beyond continued countercyclical support. $ICBC CSOP CGB ETF S$(CYC.SI)$
^ CYC/CYB/CYX USD NAV is converted based on benchmark FX, subject to rounding error.
【Equities】
Regional Equity ETFs
US$ LCU YTD return: +24.79%
$CSOP FTSE Asia Pacific Select Index ETF USD(LCU.SI)$ gained 2.83% WTD in USD, bringing its YTD return to +24.79%.
WTD gains were led by IT, industrials and healthcare by sector, South Korea, Japan and Taiwan by region, and Samsung Electronics, SK Hynix and Recruit Holdings by firm.
Samsung Electronics and SK Hynix advanced on expectations of stronger shareholder returns. Sentiment was also supported by reports of potential Temasek investment interest, although it clarified it did not seek advice from the Korean government on the timing of investments and that it first invested in both firms over two years ago.
Recruit Holdings jumped to record levels after reporting earnings above expectations and raising guidance, driven by AI-enabled improvements.
US$ SQU YTD return: -11.59%
$CSOP SEA TECH ETF US$(SQU.SI)$ gained 1.75% WTD in USD, improving its YTD return to -11.59%. WTD gains were led by Sea Ltd, KCE Electronics and Delta Electronics.
Sea Ltd gained on stronger 2Q profit and upward revision to its earnings forecast for its core e-commerce business.
A-Share Equity ETFs
S$ SHD YTD return: +10.03%; S$ SCY YTD return: +29.17%; S$ CSA500 YTD return#: +1.30%
Bloomberg reported that memory-chip maker CXMT may join the STAR 50 Index by year-end, enhancing the index's appeal to investors. CXMT has overtaken Tencent Holdings to become China’s most valuable company.
Amid the AI-driven tech IPO boom, Unitree Robotics' STAR Market listing has been 5,526 times oversubscribed by retail investors, surpassing CXMT's blockbuster IPO last month.
# Data begins from CSA500 SP Equity’s inception date of 2026/01/20.
Source: CSOP, Bloomberg, JPM, HSBC, as of 2026/08/14, except where otherwise stated.
$CSOP Star&Chinext50 S$(SCY.SI)$ ’s underlying fund’s top 10 holdings (as of 2026/06/30)
$CSOP DIV ETF S$(SHD.SI)$ ’s underlying fund’s top 10 holdings (as of 2026/06/30)
CSA500’s underlying fund’s top 10 holdings (as of 2026/06/30)
Disclaimers:
All information and data presented are based on the latest available weekly performance data at the time of preparation, unless stated otherwise.
The investment product(s), as mentioned in this document, is/are registered under section 286 of the Securities and Futures Act (Cap. 289) of Singapore (the “SFA”). This material and the information contained in this material shall not be regarded as an offer or solicitation of business in any jurisdiction to any person to whom it is unlawful to offer or solicit business in such jurisdictions.
CSOP Asset Management Pte. Ltd. (“CSOP”) which prepared this document believes that information in this document is based upon sources that are believed to be accurate, complete, and reliable. However, CSOP does not warrant the accuracy and completeness of the information, and shall not be liable to the recipient or controlling shareholders of the recipient resulting from its use. CSOP is under no obligation to keep the information up-to-date. The provision of this document shall not be deemed as constituting any offer, acceptance, or promise of any further contract or amendment to any contract. The information herein shall not be disclosed, used or disseminated, in whole or part, and shall not be reproduced, copied or made available to others without the written consent of CSOP.
Advice should be sought from a financial adviser regarding the suitability of the investment and/or investment product before making an investment. Investment involves risk. The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not necessarily indicative of future performance. Investor should read the prospectus and product highlights sheet, which can be obtained on CSOP website or authorized participating dealers, before deciding whether to invest. This document has not been reviewed by the Monetary Authority of Singapore.
Index provider disclaimers:
SRT & SQQ
The CSOP iEdge S-REIT Leaders Index ETF and CSOP iEdge Southeast Asia+ TECH Index ETF (collectively, the “ETFs”) is not in any way sponsored, endorsed, sold or promoted by Singapore Exchange Limited and/or its affiliates (collectively, “SGX”) and SGX makes no warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the iEdge S-REIT Leaders Index and/or iEdge Southeast Asia+ TECH Index (collectively, the “Index”) and/or the figure at which the Index stand at any particular time on any particular day or otherwise. The Index are administered, calculated and published by SGX. SGX shall not be liable (whether in negligence or otherwise) to any person for any error in the ETFs and the Index and shall not be under any obligation to advise any person of any error therein.
“SGX” is a trademark of SGX and is used by CSOP under license. All intellectual property rights in the index vest in SGX.
CYC/CYB & LCU
The ICBC CSOP FTSE Chinese Government Bond Index ETF (the “ETF”) and CSOP FTSE Asia Pacific Select Index ETF (the “ETF”) has been developed solely by CSOP Asset Management Pte. Ltd. The ETF is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies.
All rights in the FTSE Chinese Government Bond Index & FTSE Asia Pacific Select Index (collectively, the “Index”) vest in the relevant LSE Group company which owns the Index. FTSE® is a trade mark of the relevant LSE Group company which own the Index and is used by any other LSE Group company under license.
The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the ETF. The LSE Group does not accept any liability whatsoever to any person arising out of the use of the ETF or the underlying data. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the ETF or the suitability of the Index for the purpose to which it is being put by CSOP Asset Management Pte. Ltd.
SHD & CSA500
All rights in the Index vest in China Securities Index Company (“CSI”). CSI does not make any warranties, express or implied, regarding the accuracy or completeness of any data related to the Index. CSI is not liable to any person for any error of the Index (whether due to negligence or otherwise), nor shall it be under any obligation to advise any person of any error therein. The Product based on the Index is in no way sponsored, endorsed, sold or promoted by CSI and CSI shall not have any liability with respect thereto.
SCY
The Index Provider of the Underlying Fund is China Securities Index Co., Ltd. (“CSIC”). The Index Provider is not related to the Underlying Fund Manager. An index licensing agreement was signed between CSIC and the Underlying Fund Manager.
CSIC has authorized the Underlying Fund Manager to use the CSI STAR & CHINEXT 50 Index for various purposes as stated in and subject to the conditions of the index licensing agreement entered into between CSIC and the Underlying Fund Manager, including using the CSI STAR & CHINEXT 50 Index as the performance benchmark for the Underlying Fund.
The Underlying Fund is not in any way sponsored, endorsed, sold or promoted by CSIC and CSIC makes no warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the CSI STAR & CHINEXT 50 Index and/or the figure at which the CSI STAR & CHINEXT 50 Index stands at any particular time on any particular day or otherwise. The CSI STAR & CHINEXT 50 Index is administered, calculated, and published by CSIC. CSIC shall not be liable (whether in negligence or otherwise) to any person for any error in the Underlying Fund and the CSI STAR & CHINEXT 50 Index and shall not be under any obligation to advise any person of any error therein.
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