To The Moon

【Money Market Fund】 US$ MMF Net 7-day Yield: +3.61%* US’ partial government shutdown caused delay in data releases. As such, the coming week will see the release of several key economic data, including January payrolls and inflation figures. The data will be used to gauge the Fed’s timeline for rate-cut resumption after January’s hold. JPM forecasts 75k increase in nonfarm payrolls and 0.39% gain in January core CPI. Traders currently price in under 20% odds of a March cut. Nevertheless, we expect CSOPUMM to continue delivering stable yields in the near-term. * Data as of 2026/02/06. 7-day net yield is calculated based on calendar days and NAVs in 5-decimal. 【REITs】 S$ SRT YTD total return: +0.23% As of 6 Feb 2026 (Fri), $CSOP iEdge SREIT ETF S$(SRT

【Money Market Fund】 US$ MMF Net 7-day Yield: +3.66%* During the week, the FOMC met for its first policy meeting of 2026, where it held rates unchanged. Fed Chair Powell shared that both inflation upside risks and labour market downside risks have diminished, and that the current policy setting is “well positioned” for the Fed to handle dual-sided risks. Notably, at the end of the week, Trump nominated Kevin Warsh as the next Fed chair. While Warsh is anticipated to advocate for additional easing this year, JPM continues to expect no rate cuts, conditional on labour market repair and elevated inflation. Looking ahead, we expect CSOPUMM to continue delivering stable yields in the near-term. * Data as of 2026/01/30. 7-day net yield is calculated based on calendar days and NAVs in 5-decimal. 【

【Money Market Fund】 US$ MMF Net 7-day Yield: +3.66%* This week saw renewed tariff concerns as Trump threatened to impose tariffs on European allies that opposed his plans to acquire Greenland, though Trump has since backed off from the threats. Looking to the coming week, FOMC meets for the first policy meeting of 2026. After cutting 75bps last year, policymakers have hinted at a possible pause. Markets are not pricing a full 25bp rate cut till July. With a light data calendar ahead, market focus will likely shift to geopolitical risks. Despite the geopolitical risks, we expect CSOPUMM to continue delivering stable yields in the near-term. * Data as of 2026/01/23. 7-day net yield is calculated based on calendar days and NAVs in 5-decimal. 【REITs】 S$

【Money Market Fund】 US$ MMF Net 7-day Yield: +3.71%^ Looking ahead, HSBC sees two main themes in the market, Fed independence and Supreme Court’s decision regarding the tariffs levied under the IEEPA. During the weekend (2026/01/17), Trump proposed tariffs on eight nations opposing his Greenland acquisition plans, and this reignited trade tensions. Markets saw a rise in risk-off sentiment, and haven assets rallied. Despite the geopolitical environment, we expect CSOPUMM to continue delivering stable yields in the near-term. ^ Data as of 2026/01/16. 7-day net yield is calculated based on calendar days and NAVs in 5-decimal. 【REITs】 S$ SRT YTD total return: +1.39% As of 16 Jan 2026 (Fri), $CSOP iEdge SREIT ETF S$(SRT.SI)$ rose 0.75% WTD in SGD and

【Money Market Fund】 US$ MMF Net 7-day Yield: +3.72%^ As of 2026/01/02, OIS markets priced in ~2 more rate cuts by end of 2026. Meanwhile, JPM expects one last Fed rate cut in January before going on hold, but stresses it is a close call. Nevertheless, in the near-term, we expect CSOPUMM to continue to deliver stable yield. ^ 7-day net yield is calculated based on calendar days and NAVs in 5-decimal. Source: CSOP, Bloomberg, JPM, and HSBC, as of 2026/01/02, except where otherwise stated. 【REITs】 S$ SRT WTD total return: +1.28% Beyond equities, Singapore REITs (S-REITs) also delivered solid returns, supported by favourable interest rate trends. As of 2 Jan 2026 (Fri), $CSOP iEdge SREIT ETF S$(SRT.SI)$ rose 1.28% WTD in SGD. For the full year 2025,

【SRT】 As of 5 Dec 2025 (Fri), SRT slightly declined 1.52% WTD in SGD, and rose 12.82% YTD in SGD. Despite its decline, Singapore REITs are on track to posting strongest gains since 2019. As reported in The Business Times on 7 Dec 2025, S-REITs are buoyed by rate tailwinds, lower debt cost, and resilient occupancies and rental reversions across various subsectors. Acquisition and divestment activity has also intensified. $CSOP iEdge SREIT ETF S$(SRT.SI)$ 2025 YTD Total Return: +12.82% 【MMF】 Following weeks of volatility, markets now expect a third straight Federal Reserve rate cut at December's FOMC meeting, even though key data has been postponed till after the meeting due to the extended government shutdown. Looking ahead, the December Summary

【SRT】 As of 28 Nov 2025 (Fri), $CSOP iEdge SREIT ETF S$(SRT.SI)$ was slightly up at 1.93% WTD in SGD, and rose 14.56% YTD in SGD. SRT’s WTD gains was primarily attributable to industrial, retail and office by subsector and FLT, MLT and MINT by individual REIT. FLT rose after its target price was raised by UOB Kay Hian, with a buy rating maintained. UOB Kay Hian expects rising occupancies to support higher DPU. In other positive news for the sector, Fitch analysts say that S-REITs are likely to speed up asset acquisitions, divestments and enhancements as borrowing costs moderate. REITs’ cap rates can potentially compress amid increasing demand, thereby lifting valuations. S$ SRT 2025 YTD Total Return: +14.56% 【MMF】 Following mixed policy signals

East Asia  LCU WTD return: +0.89% ·         $CSOP LOW CARBON US$(LCU.SI)$ gained 0.89% in USD WTD, and 23.80% in USD YTD. ·         WTD gains are primarily attributable to IT, consumer discretionary and financials by subsector, and China, Taiwan and South Korea by region, as well as Alibaba, TSMC and Samsung Electronics by individual firm. ·         $BABA-W(09988)$ rose after its Gwen app attracted over 10 million downloads in the week after its relaunch, as well as after its quarterly revenue beat expectations. ·         TSMC rose on a med

【SRT】 As of 21 Nov 2025 (Fri), SRT was slightly down at -0.77% WTD in SGD, and rose 12.39% YTD in SGD. Despite the decline, on a more positive note, Macquarie has highlighted that MAS’s rollout of the next round of equity market reforms, including a second tranche of EQDP funds that are likely allocated within 1-2 quarters. Other initiatives include enhancing the market making ecosystem, upgrading post-trade custody model, and lowering minimum board lot sizes. These will reduce costs and improve investor access and trading activity. $CSOP iEdge SREIT ETF S$(SRT.SI)$ 2025 YTD Total Return: +12.39% 【MMF】 As previously shared, labour market data is in focus. Last week, September nonfarm payrolls data release showed that it rose more than expected.

East Asia LCU YTD return: +24.45% – While $CSOP LOW CARBON US$(LCU.SI)$ declined 2.51% in USD WTD, it gained 24.45% in USD YTD. – WTD declines are primarily attributable to a broad global risk-off sentiment. Tech selloff happened amid rising concerns surrounding the profit viability of AI as AI might not have produced sufficient revenue or profits to justify huge infrastructure spending. SQU YTD return: +6.29% – While $CSOP SEA TECH ETF US$(SQU.SI)$ fell slightly 0.93% in USD WTD, it gained 6.29% in USD YTD. – WTD declines were primarily led by Goto Gojek Tokopedia, Grab and Delta Electronics Thai. China SHD YTD return: -2.42% SCY YTD return: +46.52% – According to HSBC, China A-shares saw strong 3Q2