To The Moon

【Money Market Fund】

US$ MMF Net 7-day Yield: +3.70%*

During the week, markets saw a downside surprise in revised PCE data with core PCE at 3%, compared with both the prior reading and market expectations of 3.3%. Furthermore, September’s nonfarm payrolls also missed estimates, with job gains of 29k versus the 90k expected, and unemployment rate also ticked up slightly to 4.2%, above market expectations. These developments have reduced expectations for further front-end rate hikes, although long-end yields remain elevated. Looking ahead, this week’s data calendar is relatively lighter.

* 7-day net yield is calculated based on calendar days and NAVs in 5-decimal.

【REITs】

$CSOP iEdge SREIT ETF S$(SRT.SI)$ YTD total return: -9.07%

As of 2 Oct 2026, SRT declined 1.16% WTD, bringing its YTD total return to -9.07%. WTD losses were led by industrial, office and hotel by subsector, and CLAR, MPACT and MINT by individual REIT.

On the macro data front, Singapore’s manufacturing output rose 15.4% YoY in August, though it fell short of forecasts. Growth was led by strong gains in precision engineering (+33.9%) and electronics (+28.5%) on robust AI-driven demand for semiconductor equipment and data storage products.

【Fixed Income】

$ICBC CSOP CGB ETF S$(CYC.SI)$ YTD NAV: +2.39% in CNY; +6.71% in USD^

The State Council pledged further targeted measures to support the economy while maintaining its focus on high-quality, sustainable growth. Instead of a broad rate cut, the PBOC expanded targeted lending programs and lowered borrowing costs under the pledged supplementary lending facility for policy banks. Government bonds weakened following the announcement, likely due to profit-taking and fading expectations for near-term large-scale easing.

^ As of 20260930 due to China holiday. CYC/CYB/CYX USD NAV is converted based on benchmark FX, subject to rounding error.

【Equities】

Regional Equity ETFs

$CSOP APAC SELECT US$(LCU.SI)$ YTD return: +26.37%

– LCU gained 0.45% WTD in USD, bringing its YTD return to +26.37%.

– WTD gains were led by IT, materials and industrial by sector, Japan by region, Advantest Corp, Tokyo Electron and TSMC by individual firm.

– Advantest Corp and Tokyo Electron gained alongside other Japanese chip equipment manufacturers, following Micron’s upbeat quarterly forecast. Micron anticipates that memory supply and demand conditions will tighten in the next two years as compared to the current year.

US$ SQU YTD return: -21.24%

– SQU declined 2.52% WTD in USD, bringing its YTD return to -21.24%.

– WTD losses were led by Goto Gojek Tokopedia, Sea Ltd and iFast Corp.

A-Share Equity ETFs

$CSOP DIV ETF S$(SHD.SI)$ YTD return: +11.83%; $CSOP Star&Chinext50 S$(SCY.SI)$ YTD return: +11.29%; $CSOP CS A500 ETF S$(SUN.SI)$ YTD return#: -4.40%

– Ahead of China’s long holiday, September PMI data showed manufacturing activity returned to expansion territory for the first time since June.

# Data begins from CSA500 SP Equity’s inception date of 2026/01/20.

Source: CSOP, Bloomberg, JPM, HSBC, as of 2026/10/02, except where otherwise stated. SCY’s underlying fund’s top 10 holdings (as of 2026/06/30)

SHD’s underlying fund’s top 10 holdings (as of 2026/06/30)

CSA500’s underlying fund’s top 10 holdings (as of 2026/06/30)

Disclaimers:

All information and data presented are based on the latest available weekly performance data at the time of preparation, unless stated otherwise.

The investment product(s), as mentioned in this document, is/are registered under section 286 of the Securities and Futures Act (Cap. 289) of Singapore (the “SFA”). This material and the information contained in this material shall not be regarded as an offer or solicitation of business in any jurisdiction to any person to whom it is unlawful to offer or solicit business in such jurisdictions. 

CSOP Asset Management Pte. Ltd. (“CSOP”) which prepared this document believes that information in this document is based upon sources that are believed to be accurate, complete, and reliable. Neither CSOP nor any of its affiliates accepts any responsibility or liability for any loss arising from the improper use of, or reliance upon, the whole or any part of the contents of this document. CSOP is under no obligation to keep the information up-to-date. The provision of this document shall not be deemed as constituting any offer, acceptance, or promise of any further contract or amendment to any contract. The information herein shall not be disclosed, used or disseminated, in whole or part, and shall not be reproduced, copied or made available to others without the written consent of CSOP.

Advice should be sought from a financial adviser regarding the suitability of the investment and/or investment product before making an investment. Investment involves risk. The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not necessarily indicative of future performance. Investor should read the prospectus and product highlights sheet, which can be obtained on CSOP website or authorized participating dealers, before deciding whether to invest. This document has not been reviewed by the Monetary Authority of Singapore.

Index provider disclaimers:

SRT & SQQ

The CSOP iEdge S-REIT Leaders Index ETF and CSOP iEdge Southeast Asia+ TECH Index ETF (collectively, the “ETFs”)  is not in any way sponsored, endorsed, sold or promoted by Singapore Exchange Limited and/or its affiliates (collectively, “SGX”) and SGX makes no warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the iEdge S-REIT Leaders Index and/or iEdge Southeast Asia+ TECH Index (collectively, the “Index”) and/or the figure at which the Index stand at any particular time on any particular day or otherwise. The Index are administered, calculated and published by SGX. SGX shall not be liable (whether in negligence or otherwise) to any person for any error in the ETFs and the Index and shall not be under any obligation to advise any person of any error therein.

“SGX” is a trademark of SGX and is used by CSOP under license. All intellectual property rights in the index vest in SGX.

CYC/CYB & LCU

The ICBC CSOP FTSE Chinese Government Bond Index ETF (the “ETF”) and CSOP FTSE Asia Pacific Select Index ETF (the “ETF”) has been developed solely by CSOP Asset Management Pte. Ltd. The ETF is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies.

All rights in the FTSE Chinese Government Bond Index & FTSE Asia Pacific Select Index (collectively, the “Index”) vest in the relevant LSE Group company which owns the Index. FTSE® is a trade mark of the relevant LSE Group company which own the Index and is used by any other LSE Group company under license.

The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the ETF. The LSE Group does not accept any liability whatsoever to any person arising out of the use of the ETF or the underlying data. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the ETF or the suitability of the Index for the purpose to which it is being put by CSOP Asset Management Pte. Ltd.

SHD & CSA500 & SCY

All rights in the Index vest in China Securities Index Company (“CSI”). CSI does not make any warranties, express or implied, regarding the accuracy or completeness of any data related to the Index. CSI is not liable to any person for any error of the Index (whether due to negligence or otherwise), nor shall it be under any obligation to advise any person of any error therein. The Product based on the Index is in no way sponsored, endorsed, sold or promoted by CSI and CSI shall not have any liability with respect thereto. The Index Provider is not related to the Underlying Fund Manager. An index licensing agreement was signed between CSI and the Underlying Fund Manager.