Invesco CurrencyShares Singapore Dollar Trust (FXSG) is an exchange-traded fund that seeks to reflect the price in U.S. dollars of the Singapore dollar, net of the Trust's expenses. The Trust holds Singapore dollars and issues baskets in exchange for deposits of Singapore dollars while distributing Singapore dollars in connection with redemptions of baskets; it provides institutional and retail investors with a simple, cost-effective means of gaining investment benefits similar to direct holdings of Singapore dollars. The Trust operates in the currency ETF segment, targeting investors seeking exposure to the Singapore dollar, the official currency of Singapore first issued in April 1967.
Founded on August 7, 2008, and headquartered in Rockville, Maryland, the Trust trades on NYSE Arca under the ticker FXSG with a net expense ratio of 0.40%; its assets under management stood at approximately $3.54 million as of recent data, with shares outstanding around 50,000.
In a major development, the Trust underwent liquidation, ceasing operations and delisting from trading, as announced in connection with Invesco's CurrencyShares product lineup; this followed low assets and trading volume, with final distributions to shareholders completed around May 2020 in U.S. dollars.