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Beyond the STI:
Discover Singapore's Next 50 with Q50
The CGS Fullgoal Singapore Next 50 Active ETF (SGX: Q50) is the first ETF to track Singapore’s Next 50 — the mid- and small-cap companies ranked just below the STI 30 — and the first actively managed Singapore-equity ETF to list on SGX. Here’s what it holds, how it’s run, and why it’s worth watching.
What is the Q50?
Beyond the 30 names everyone already owns
The Straits Times Index (STI) covers Singapore’s largest 30 listed companies — the same 30 names most local investors already hold through an STI ETF. Q50 targets the tier directly below: the iEdge Singapore Next 50 Index, a segment that’s typically under-owned and under-researched by comparison.
It’s structured with a minimum of 80% held in Next 50 constituents, with up to 20% flexible allocation across the broader SGX universe for higher-conviction opportunities identified by the strategy.
The strategy
Why active management matters here
The Next 50 has much wider dispersion between winners and losers than the STI — a segment where stock selection genuinely moves outcomes, rather than one where simply owning the index does most of the work. Q50 responds to that with a six-factor quantitative model:
| Factor | What it captures |
|---|---|
| Valuation | Whether a company is priced cheaply or expensively relative to its fundamentals. |
| Growth | The trajectory of a company’s revenue and earnings expansion. |
| Earnings surprise | How actual results compare against what the market expected. |
| Analyst sentiment | Shifts in professional analyst views and estimate revisions. |
| Earnings quality | How reliable and sustainable a company’s reported earnings are. |
| Market factors | Broader market-driven signals that affect a stock’s performance. |
Why it might belong in your portfolio
Built as a complement, not a replacement
🔴 Exposure beyond the STI
Access the 50 companies ranked just below Singapore’s largest 30 — a segment typically absent from STI-only portfolios.
🔴 Active, not a straight copy
A six-factor quantitative model selects and weights holdings, aiming to add value in a segment with wider dispersion between winners and losers.
🔴 Aligned with the EQDP push
Positioned to benefit from continued institutional flows into Singapore’s SMID-cap segment, while retaining SGX-listed liquidity.
🔴 A satellite to your core
At least 80% held in Next 50 constituents, with up to 20% flexible allocation across the broader SGX universe for higher-conviction opportunities.
STI ETF vs. Q50
Where each one fits
| STI ETF | Q50 | |
|---|---|---|
| Coverage | Top 30 SG companies | Next 50 SG companies |
| Management | Passive, index-tracking | Active, six-factor model |
| Avg. company size | ~S$27B | ~S$2.2B |
| Typical role | Core holding | Satellite / diversifier |
How to access the Q50?
Two ways in, both on NOVA
1️⃣ Subscribe during the IOP
Subscribe at the fixed offer price of S$1.00 per share before the Initial Offer Period (IOP) closes, ahead of listing on SGX. Phillip Nova is currently running a subscription cash credit for eligible clients during this window.
Promotion ends 24 Aug 2026.
2️⃣ Trade it on SGX like any other stock
From Day 1 of listing (expected 3 Sep 2026), Q50 is tradable on NOVA — no IOP participation required, any time after listing.
The NOVA Platform
- Access to Stocks, ETFs, Futures, Forex, CFDs, and more
- USD and SGD shares financing rate of only 4.5% p.a.
- Trade and invest on a single platform
- Access all contracts with just one account
- No custodian and platform fees
- Available on mobile, iPad, and desktop
- Charting powered by TradingView
No minimum funding required.
For More Information
Should you have any query, please call the Phillip Nova Client Service Desk at (65) 6538 0500 or email nova@phillip.com.sg.