iFAST Xtrackers UCITS ETFs: Why Investors Should Be Excited

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Initial Offering Period: 1 to 14 October 2026 (available on FSM Global)

Listing: 22 October 2026

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When most investors think about AI, a handful of familiar US tech names come to mind. But the AI story runs far deeper than the ChatGPT, Gemini or Grok on your phone.

Behind every chatbot and data centre sits a physical supply chain: the machines that make chips, the memory that powers AI accelerators, and the foundries that manufacture advanced logic. Much of this build-out happens in North Asia, in places many Singaporeans know better for ski trips, shopping and night markets.

That is the idea behind the four new iFAST Xtrackers UCITS Index ETFs, set to list on SGX. Together, they give you access to the global AI economy and three of its key North Asian markets, in SGD, on a local exchange.

Why iFAST is issuing its own ETFs

For more than a decade, iFAST (the parent of FSM Global) has given clients access to ETFs listed on SGX, the US exchanges and HKEX. Over that time, we watched adoption climb steadily, and we saw clearly where availability fell short.

Three gaps stood out on the local ETF shelf:

• Fewer choices on SGX. The range of thematic and single-country ETFs is narrower than on some other exchanges.
• Limited routes to AI. SGX has historically offered few dedicated ways to invest directly in the AI and Big Data theme.
• Limited direct access to North Asia. SGX-listed exposure to Taiwan, Korea and the Nikkei 225 has been scarce.

Issuing our own ETFs was the natural next step. The goal is simple: global exposure on a local exchange, in local currency, during local trading hours.

And when it comes to trading them, FSM Global is one of the leading platforms for SGX-listed stocks and ETFs, with flat fees of just S$3.80 per ETF trade and S$8.80 per stock trade, whether you invest S$1,000 or S$100,000. Here is why FSM Global is the best platform for SGX investing.

Four ETFs, one value chain

Each ETF invests in an underlying Xtrackers UCITS ETF and covers a different link in the AI supply chain.

XBG: The global AI economy

The iFAST Xtrackers AI & Big Data UCITS Index ETF tracks the Nasdaq Global Artificial Intelligence and Big Data Index. It holds up to 100 stocks, screened from a universe of over 3,000 securities based on AI patent activity. It spans eight sub-themes, from deep learning and natural language processing to cloud computing, cyber security and quantum computing. Each stock is capped at 4.5% to limit concentration.

Top underlying holdings: Microsoft, Nvidia, Apple, Amazon, Meta Platforms.

JPY: The toolmakers

The iFAST Xtrackers Nikkei 225 UCITS Index ETF offers exposure to Japan's biggest names in technology, industrials and precision manufacturing. Many of them make the equipment and materials that chipmakers worldwide depend on.

Top underlying holdings: Advantest, Fast Retailing, Tokyo Electron, SoftBank Group, Recruit Holdings.

KOR: The memory makers

The iFAST Xtrackers MSCI Korea UCITS Index ETF tracks the MSCI Korea 20/35 Custom Index. Korea's tech giants rank among the world's top DRAM and NAND producers and supply most of the high-bandwidth memory that AI accelerators need.

Top underlying holdings: Samsung Electronics, SK hynix, SK Square, Samsung Electro-Mechanics.

TWD: The foundry of the world

The iFAST Xtrackers MSCI Taiwan UCITS Index ETF tracks the MSCI Taiwan 20/35 Custom Index. Taiwan is home to the world's leading chip foundries and major fabless designers, spanning both the design and manufacture of advanced logic chips.

Top underlying holdings: TSMC, MediaTek, Delta Electronics, Hon Hai Precision, ASE Technology.

Ticker	Index	Underlying fund size	Replication
XBG	Nasdaq Global AI & Big Data	US$9.12b	Full physical
JPY	Nikkei 225	JPY500.52b	Full physical
KOR	MSCI Korea 20/35 Custom	US$653.68m	Full physical
TWD	MSCI Taiwan 20/35 Custom	US$518.23m	Full physical

Source: DWS International GmbH, as of 31 August 2026.

Built with Singapore investors in mind – but suitable for all global investors too

These ETFs are designed around how investors here actually invest:

• Trade in SGD. Buy and sell in Singapore dollars on SGX, with fewer currencies and FX conversions to juggle.
• SRS eligible. Put your SRS funds to work in the long-term growth potential of AI.
• Potential tax and estate-planning efficiencies. Locally listed UCITS ETFs may offer advantages here, depending on the fund.
• Aligned with iFAST Research. The line-up reflects our house views, backed by in-depth research.
• Backed by Xtrackers. Each ETF invests in an Xtrackers UCITS ETF managed by DWS, Europe's third-largest ETF issuer, with €454b in AUM (as of June 2026) and two decades of experience in physical index replication.

Fees at a glance

Overall TER ranges from 0.43% to 0.77% a year and covers both the underlying fund's costs and iFAST's fees.

ETF	Ticker	Overall TER
iFAST Xtrackers Nikkei 225 UCITS Index ETF	JPY	0.43%
iFAST Xtrackers AI & Big Data UCITS Index ETF	XBG	0.63%
iFAST Xtrackers MSCI Korea UCITS Index ETF	KOR	0.67%
iFAST Xtrackers MSCI Taiwan UCITS Index ETF	TWD	0.77%

Overall TER = TER of underlying fund + iFAST fees (management fee and fixed costs). Data as of 31 August 2026.

How they can fit a portfolio

XBG can serve as a core AI holding, while JPY, KOR and TWD add targeted exposure to the hardware side of the AI build-out. Together, they offer geographic and structural diversification beyond the usual US AI names. As always, size your positions to match your risk profile and time horizon.

Not sure which ETF suits you? Our non-commission-based Client Investment Specialists are happy to help. Email them at advisory@fsmglobal.sg.

The bottom line

AI is not just a software story. It runs on chips, memory and manufacturing capacity, much of it in Japan, Korea and Taiwan. With XBG, JPY, KOR and TWD coming to SGX, Singapore investors can tap that full value chain in SGD, with cash or SRS, during local trading hours.

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