【SRT】
As of 14 Nov 2025 (Fri), $CSOP iEdge SREIT ETF S$(SRT.SI)$ was slightly down at -0.76% WTD in SGD, and rose 13.26% YTD in SGD.
On a brighter note, Morgan Stanley shared that the latest 3Q25 reporting season generally saw resilient rental reversions, particularly for warehouse and data centres. Coupled with interest rate tailwinds, this is expected to result in positive dividend growth in future.
S$ SRT 2025 YTD Total Return: +13.26%
【MMF】
After record 43 days of US government shutdown, Trump signed Congress-passed funding bill into law on 12 Nov 2025 to reopen the government. This will see the resumption of economic data releases by the government including CPI, nonfarm payroll and unemployment data. Labor market data will be in focus to gauge near-term rates. Furthermore, government reopening may ease repo pressures, though if pressures continue, the Fed may intervene to accelerate Treasury purchases and grow balance sheet.
Looking ahead, we expect CSOPUMM to continue to deliver stable yield in the near term. As of 2025/11/14, the fund has a net yield at 3.92%. ^
$MMF Net 7-day Yield: +3.92%
^ 7-day net yield is calculated based on calendar days and NAVs in 5-decimal.
【CN】
PBoC mentioned “cross-cyclical adjustment” in its Q3 monetary policy report, which led to markets interpreting that a 7-day reverse repo rate cut or required reserve ratio cut is unlikely to happen in Q4. However, this has already been priced in forward curve, and thus risk to rates is skewed to the downside. $ICBC CSOP CGB ETF S$(CYC.SI)$ $ICBC CSOP CGB ETF US$D(CYB.SI)$ $ICBC CSOP CGB ETF US$A(CYX.SI)$
Looking at YTD performance as of 2025/11/14, CYC/CYB’s NAV gained +0.56% in CNY and gained +3.38% in USD*.
* CYC/CYB/CYX USD NAV is converted based on benchmark FX, subject to rounding error
Global Market Outlook
【US】US Shutdown Ended and Key U.S. Jobs Data in Focus
Looking ahead, given that US shutdown had ended, economic data releases shall resume. Key U.S. jobs data will be in focus. $NASDAQ(.IXIC)$
Source: CSOP, Bloomberg, HSBC, and The Straits Times, as of 2025/11/14, except where otherwise stated.
Disclaimer
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. This document is not to be construed as recommendations to buy/sell any above-mentioned securities, or any securities in the above-mentioned sectors or 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 Disclaimer
SRT
The CSOP iEdge S-REIT Leaders Index ETF 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 the figure at which the iEdge S-REIT Leaders Index stand at any particular time on any particular day or otherwise. The iEdge S-REIT Leaders 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 CSOP iEdge S-REIT Leaders Index ETF and the iEdge S-REIT Leaders 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 iEdge S-REIT Leaders Index vest in SGX.
CYC/CYB/CYX
The ICBC CSOP FTSE Chinese Government Bond 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 (the “Index”) vest in the relevant LSE Group company which owns the Index. FTSE® is a trademark 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.
Comments