
Q&A Series: First gold ETF backed by allocated gold insured and vaulted in Singapore
LionGlobal Singapore Physical Gold ETF
is the first gold ETF backed by physical gold, insured and vaulted in
Singapore. The Fund seeks 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. This is Singapore’s first listed share class of an
existing commodities fund.
The Fund invests in Gold, meaning gold bars or ingots of a minimum fineness of 99.5% that have been produced by refiners on the LBMA Good Delivery List and which are either compliant with the LBMA Good Delivery Rules or otherwise approved by the MAS.
Key ETF Information
|
Instrument Type |
ETF USD Class (Acc) of a precious metals fund |
|
Reference Price |
LBMA Gold Price AM |
|
Dividend Distribution |
None |
|
Investment Objective |
The investment objective of the Sub-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. |
|
Investment Process |
To achieve its investment objective, the Sub-Fund invests in Gold, meaning gold bars or ingots of a minimum fineness of 99.5% that have been produced by refiners on the LBMA Good Delivery List and which are either compliant with the LBMA Good Delivery Rules or otherwise approved by the MAS. |
|
Manager / Trustee |
Manager: Lion Global Investors Limited Trustee: Standard Chartered Trust (Singapore) Limited |
|
Fees and Charges Payable by the Sub-Fund |
|
|
Annual Management Fee |
ETF USD Class (Acc): • Currently 0.39% p.a., Maximum 2% p.a. • The annual management fee is retained by the Managers as the Managers do not pay any trailer fees with respect to the ETF USD Class (Acc).
|
|
Annual Trustee Fee |
Currently 0.01% p.a. |
|
Custodian Fee |
The Custodian fee payable is subject to agreement between the Trustee and the Custodian and may exceed 0.10% of the Net Asset Value of the Sub-Fund depending on, amongst others, the number of transactions carried out. |
|
Other Fees and Charges |
Other fees and charges include fund administration and valuation fees, legal fees, audit fees, transaction fees, costs relating to the Sub-Fund’s purchase of Gold from or sale of Gold to the Gold Provider, accounting fees, licensing fees, transaction processing and cash processing fees. Such fees and charges are subject to agreement with the relevant parties and may amount to or exceed 0.10% of the Net Asset Value of the Sub-Fund, depending on the proportion each fee or charge bears to the Net Asset Value of the Sub-Fund. |
ETF Listing and Trading Information
|
Indicative Listing Date |
26 March 2026 on the Singapore Exchange |
|
Board Lot Size |
1 share |
|
SGX Trading Name & Stock Code |
Primary Currency (US$): Lion SG Phy Gold US$ - GLU Secondary Currency (S$): Lion SG Phy Gold S$ - GLS |
|
Trading Currencies |
Primary Currency: United States dollar (USD) Secondary Currency: Singapore dollar (SGD) |
Application Information
|
IOP Open Date |
6 March 2026 at 9:00am |
|
IOP Application using Cash Close Date |
20 March 2026, 11:00am |
|
IOP Application using Auto-Sweep Close Date |
20 March 2026, 09:30am |
|
Minimum Application Size |
100 units and in multiples of 100 units
|
|
Subscription Price |
USD 5.00 per unit[1] |
Promotion
Enjoy up to S$100 cashback for investing in the LionGlobal Physical Gold ETF.
From 6 March 2026 to 30 April 2026, enjoy up to S$100 cashback when you invest in the Lion Global Investors Physical Gold ETF. Investors will receive cashback according to the total amount they invest both during the IOP subscription period (from 6 March 2026 to 30 April 2026) as well as when the ETF is listed, till 30 April 2026.
How to Buy
1. Clients to fund their Multi-Currency Cash Account for the total subscription amount including the processing fees and GST of 9%.
2. Login to FSMOne.com and proceed to subscribe online:
· Indicate your quantity of shares and select the payment method
· Read and acknowledge the declaration
· Key in password and click submit
3. Upon the completion of the IOP subscription, clients will receive an acknowledgment email regarding the IOP subscription order.
4. Upon the completion of the allocation, we will notify clients of the final allocation results.
5. FSMOne will send clients a subscription confirmation email once the details are confirmed by our dealers.
6. The allotment for this issue will be in full, subject to receipt and clearance of subscription monies. There will be no balloting.
Other important notes:
· IOP subscription fee: 0.08% + GST on the subscription fees
· Only personal accounts can apply for the subscription
· Please note that after confirming your order placement (with the investment amount in Cash Account), your subscription / application cannot be cancelled.
Terms and Conditions:
- This offering is open from 6 March 2026 to 20 March 2026. To be eligible, orders must be placed before 11:00am on 20 March 2026 for Cash Account subscription and before 09:30am on 20 March 2026 for Auto-Sweep Account subscription.
- The subscription must meet the minimum investment amount as set out above.
- CPFIS-OA, CPFIS-SA, SRS and RSP transactions are not eligible.
- iFAST reserves the right to amend the Terms and Conditions without prior notification. All matters and disputes will be subject to the final decision of the company.
If you have any questions, please contact our client service hotline at +65 6557 2853.
[1] The Issue Price of each Unit during the Initial Offer Period is US$5.00 (or such other amount as may be determined by Manager from time to time with the prior approval of the Trustee).
