DBS Asset Management (DBSAM) will be launching the DBS Singapore STI ETF on 25th February 2009. This will be the second STI ETF listed on SGX, the first being StreetTRACKs STI ETF.

The ETF is suitable for investors who would like a passively managed and low-cost fund that tracks the STI index. The initial offer period of the DBS STI ETF will be from 12 to 18 February. You will be able to apply for them via DBS or POSB ATM machines. They will be teaded in lots of 100 units.

With the launch of this ETF, there will be about 25 ETFs listed on SGX. The rest of the ETFs can be found here:

Singapore listed ETFs

As DBSAM has indicated that this will be the first of many ETFs that will be created by them, we can look forward to the growth of the ETFs market in Singapore and more choices for Singaporean investors.

Prospectus can be found here:

DBS STI ETF Prospectus