SINGAPORE – One of Singapore’s top performing unit trusts has reached $1.25 billion in assets under management, as measures under the Monetary Authority of Singapore’s Equity Market Development Programme (EQDP) continue to drive interest in the local stock market.

LionGlobal Singapore Trust Fund’s billion-dollar milestone was driven by strong performance, with returns of 33.7 per cent over the past year, beating its benchmark by 12.7 percentage points.

The fund was ranked in the first quartile for one-, three-, five- and 10-year periods against peers based on active returns, according to data from financial services firm Morningstar as at Feb 28, 2026. Its peers comprise Singapore-focused funds with assets of more than $200 million.

The gains were led by the fund’s focus on small- and mid-cap stocks on the Singapore Exchange (SGX) which have generated about 70 per cent of excess returns over the past decade as at Feb 28, 2026.

Investor interest was also supported the SGX’s appeal as a safe haven in the midst of global uncertainty and improved valuations following measures under the EQDP, which was launched in February 2025.

LionGlobal Singapore Trust Fund is managed by Lion Global Investors, part of the OCBC group, and invests mainly in high-quality Singapore equities.

The equities comprise Straits Times Index constituents, including financials, as well as export-oriented sectors such as aviation, energy and marine, and telecommunications.

It has maintained an average allocation to small- and mid-cap stocks of around 15 per cent since 2014, but recently increased this to about 30 to 40 per cent of the portfolio.

The LionGlobal Singapore Trust Fund is also included on the Central Provident Fund Investment Scheme List A, allowing those who are eligible to invest their CPF savings in the fund.

Mr Teo Joo Wah, chief executive of Lion Global Investors, said the milestone is a validation of the asset manager’s “long-term vision of Singapore as a sou...