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SPDR STI ETF the most active ETF month-to-date
THE SPDR Straits Times Index (STI) ETF (Exchange-Traded Fund) was the most active ETF in the month-to-date, and the second-most active year-to-date.
This reflected the recovery in Singapore stocks, said the Singapore Exchange (SGX) on Friday in a report.
The STI has gained almost 11 per cent over the last four weeks, recouping nearly all its losses since the start of the year.
"Global equity markets are also rebounding. The MSCI All Country World Index - which comprises stocks from both developed and emerging markets - has recovered more than half this year's losses since falling to a 2 1/2-year low on Feb 11, buoyed by improving US economic data and increased stimulus in China," added the SGX report.