France $2.5 Trillion Asset Manager Amundi & Singapore $7 Billion Independent & Digital Wealth Platform Endowus Launches STI Unit Trust-Based Index Fund (Amundi Singapore Straits Times) Replicating Performance of Singapore Stocks Benchmark Straits Times Index (STI), Exclusive on Endowus Platform with No Sales Charge & Has Low Management Fees, Straits Times Index (STI) Returned +24.3% in 2024 & Maintained Average Dividend Yield of 3.77% (3% to 5% Range) in Last 17 Tears
18th July | Hong Kong
France asset manager Amundi ($2.5 trillion AUM) & Singapore independent & digital wealth platform Endowus ($7 billion AUM) have announced the launch of a new STI unit trust-based index fund (Amundi Singapore Straits Times), replicating the performance of Singapore stocks benchmark Straits Times Index (STI). The Amundi Singapore Straits Times fund is exclusive on Endowus platform, and has no sales change & low management fees. The Straits Times Index (STI) returned +24.3% in 2024, and maintained average dividend yield of 3.77% (3% to 5% range) in the last 17 years (2008 to 2025 June). Announcement (16/7/25): “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. 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.” In 2025 April, Amundi announced the launch of 4 new MPFA-approved index-tracking Collective Investment Schemes (ITCIS) ETF in Hong Kong for investment via retirement savings fund (MPF). Amundi now has 29 ITCIS for Hong Kong MPF. The 4 new funds are Amundi USD Corporate Bond UCITS ETF, Amundi MSCI USA Mega Cap UCITS ETF, Amundi MSCI USA ex Mega Cap UCITS ETF & Amundi MSCI USA UCITS ETF.
“ France $2.5 Trillion Asset Manager Amundi & Singapore $7 Billion Independent & Digital Wealth Platform Endowus Launches STI Unit Trust-Based Index Fund (Amundi Singapore Straits Times) Replicating Performance of Singapore Stocks Benchmark Straits Times Index (STI), Exclusive on Endowus Platform with No Sales Charge & Has Low Management Fees, Straits Times Index (STI) Returned +24.3% in 2024 & Maintained Average Dividend Yield of 3.77% (3% to 5% Range) in Last 17 Tears “
Albert Tse, Chief Executive Officer of Amundi South Asia: “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 60th 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.”
Samuel Rhee, Chairman and Chief Investment Officer, Endowus: “This fund is not just a milestone in product innovation—it is an expression of national pride and purpose. 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: “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: “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.”
$2.2 Trillion France Asset Manager Amundi Launches 4 New MPFA-Approved Index-Tracking Collective Investment Schemes (ITCIS) ETF in Hong Kong for Investment via Retirement Savings Fund (MPF), Amundi with 29 ITCIS for Hong Kong MPF, 4 New Funds are Amundi USD Corporate Bond UCITS ETF, Amundi MSCI USA Mega Cap UCITS ETF, Amundi MSCI USA ex Mega Cap UCITS ETF & Amundi MSCI USA UCITS ETF
11th April 2025 – France asset manager Amundi ($2.2 trillion AUM) has announced the launch of 4 new MPFA-approved index-tracking Collective Investment Schemes (ITCIS) ETF in Hong Kong for investment via retirement savings fund (MPF). Amundi now has 29 ITCIS for Hong Kong MPF. The 4 new funds are Amundi USD Corporate Bond UCITS ETF, Amundi MSCI USA Mega Cap UCITS ETF, Amundi MSCI USA ex Mega Cap UCITS ETF & Amundi MSCI USA UCITS ETF. Eddy Wong, Chief Executive Officer of Asia at Amundi: “These new funds underscore Amundi’s dedication to delivering innovative, cost-effective solutions designed for MPF trustees and managers to achieve their investment goals. Recognizing the MPF system’s vital role in securing the financial well-being of Hong Kong residents, these offerings are especially important. We’re providing portfolio managers with the tools to develop robust and long-term strategies, ultimately safeguarding the financial future of Hong Kong’s retirement savers.” In 2025 January, Hong Kong retirement fund Mandatory Provident Fund (MPF, $165 billion / HKD 1.29 trillion AUM) has reported +8.82% return in 2024 with $13.1 billion investment gain. MPF was launched in 2020, and has 4.75 million members. In 2024 April, Hong Kong Mandatory Provident Fund (MPF) with $139 billion AUM (HKD 1.09 trillion) has reported +2.6% annualized return since inception in 2000, and Money Market Fund return of +3.7% in last 12 months, Equity Fund -0.6%, Mixed Asset Funds +4.9% & Bond Fund +0.6% in the last 12 months. Hong Kong Mandatory Provident Fund (MPF) has a total of 4.75 million members. Mandatory Provident Fund (MPF) – The MPF System is set up to help Hong Kong’s workforce save up for their retirement. It is an important part of Hong Kong’s retirement protection framework. The Mandatory Provident Fund Schemes Ordinance (MPFSO) was enacted in 1995 and supplemented by subsidiary legislation in 1998, 1999 and 2000 respectively. The MPF System was launched in December 2000. Except for exempt persons, employees and self-employed persons aged 18 to 64 are required to join an MPF scheme under the MPFSO. The Mandatory Provident Fund Schemes Authority (MPFA) is a statutory body established under the Mandatory Provident Fund Schemes Ordinance (MPFSO). More info below:
4 Amundi Funds:
- Amundi USD Corporate Bond UCITS ETF: Targets income generation through USD denominated investment grade corporate bonds, tracking the Bloomberg US Corporate Liquid Issuer Index with minimal tracking error.
- Amundi MSCI USA Mega Cap UCITS ETF: Provides exposure to MSCI USA Index stocks with a market capitalisation above $200Bn, weighted by market value. This ETF is particularly suited for investors seeking to capture the growth potential of US mega-cap stocks.
- Amundi MSCI USA ex Mega Cap UCITS ETF: Allows investors to diversify their US exposure and reduce correlation with the performance of US mega-cap stocks.
- Amundi MSCI USA UCITS ETF: Offers broad US equity diversification covering large and mid-cap companies for extensive market exposure.
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