Xtrackers ETFs: Four Irish-domiciled UCITS ETFs are listed on SGX, offering access to US and global equity markets through SGD trading during Singapore market hours.
Reduced board lots: On 5 October 2026, SGX implemented smaller board lots for the first batch of 11 listed securities, reducing the standard lot size from 100 shares to 10 shares.
1. Xtrackers ETFs Listed on SGX
ETF Name | Ticker | Exposure | TER |
|---|---|---|---|
Xtrackers S&P 500 UCITS ETF | XUS | US Large Cap | 0.03% |
Xtrackers S&P 500 Equal Weight UCITS ETF | EUS | S&P 500 Equal Weight | 0.15% |
Xtrackers Nasdaq 100 UCITS ETF | XND | Nasdaq 100 | 0.20% |
Xtrackers MSCI World UCITS ETF | XWR | Global Developed Markets | 0.12% |
Key features:
SGD trading: Trade in Singapore dollars without converting SGD to USD for each transaction, potentially reducing FX conversion costs.
Local trading hours: Trade during Singapore market hours.
Irish-domiciled UCITS structure — a clear tax advantage:
Eligible US-source dividends generally benefit from a 15% US withholding tax rate at fund level, half of the 30% rate typically applied to equivalent US-domiciled ETFs listed on US exchanges, subject to applicable conditions.Accumulating share class: Fund income is reinvested rather than distributed.
Potentially reduced US estate tax exposure: Non-US fund domicile may help mitigate exposure compared with directly holding US-domiciled ETFs.
Competitive TERs: Annual expense ratios range from 0.03% to 0.20%.
2. SGX Reduced Board Lot Size
The following 11 securities now trade in board lots of 10 shares.
Security | Stock Code | Currency |
|---|---|---|
DBS Group Holdings Ltd | D05 | SGD |
Great Eastern Holdings Ltd | G07 | SGD |
Haw Par Corporation Ltd | H02 | SGD |
Jardine Cycle & Carriage Ltd | C07 | SGD |
Jardine Matheson Holdings Ltd | J36 | USD |
Keppel Ltd | BN4 | SGD |
Oversea-Chinese Banking Corporation Ltd | O39 | SGD |
Prudential PLC | K6S | USD |
Singapore Exchange Limited | S68 | SGD |
United Overseas Bank Limited | U11 | SGD |
Venture Corporation Limited | V03 | SGD |
What this means for investors: Smaller board lots lower the minimum capital required and allow greater flexibility in portfolio allocation. SGX will review eligible securities quarterly to determine whether further reductions are warranted.
3. Risk Disclaimer
Investments are subject to market, currency, concentration, liquidity and other applicable risks. Investment values may rise or fall, and investors may lose some or all of their capital. Past performance is not indicative of future returns.
This announcement is for informational purposes only and does not constitute an offer, solicitation or investment advice. In the event that investors choose not to seek advice from a financial adviser, they should consider whether the investment is suitable for them. Investors should read the relevant Singapore Prospectus and consult a professional financial adviser before investing. Fund documents are available at www.etf.dws.com or from DWS Investments Singapore Limited.
This advertisement has not been reviewed by the Monetary Authority of Singapore.




