Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Thematic (Sector/Industry)

<ul>
<li>The iEdge Singapore Next 50 comfortably supports S$50-100m index products today, and about S$171m with optimised sampling that excludes the five least liquid names.</li>
<li>Strict full-replication capacity reached about S$97m as of 10 July 2026, up 75% since September 2025, as aggregate constituent turnover rose from S$134m to S$261m per day.</li>
<li>The ceiling is set by a thin tail of property and hospitality names, so an ETF launch or the remaining S$2.6bn of EQDP money would lift it.</li>
</ul>


The iEdge Singapore Next 50 comfortably supports S$50-100m index products today, and about S$171m with optimised sampling that excludes the five least liquid names.
Strict full-replication capacity reached about S$97m as of 10 July 2026, up 75% since September 2025, as aggregate constituent turnover rose from S$134m to S$261m per day.
The ceiling is set by a thin tail of property and hospitality names, so an ETF launch or the remaining S$2.6bn of EQDP money would lift it.


iEdge Singapore Next 50: Portfolio Capacity Keeps Rising

Private Wealth Management and Asset Management., FPA Financial

FPA Financial

Private Wealth Management and Asset Management.

FPA Financial is an independent and boutique financial firm specializing in private wealth management and asset management.

Equity Bottom-Up

<ul>
<li>Starhill Global REIT (“SGREIT”) is a real estate investment trust that invests primarily in retail and office real estate.</li>
<li>As at 31 December 2025, SGREIT’s portfolio comprises nine properties in Singapore, Australia, Malaysia, Japan and China, with the two properties in Singapore accounting for approximately 69.5% of total investment properties’ value (including right-of-use assets).</li>
<li>SGREIT’s Singapore portfolio comprises partial interests in Wisma Atria and in Ngee Ann City.</li>
</ul>


Starhill Global REIT (“SGREIT”) is a real estate investment trust that invests primarily in retail and office real estate.
As at 31 December 2025, SGREIT’s portfolio comprises nine properties in Singapore, Australia, Malaysia, Japan and China, with the two properties in Singapore accounting for approximately 69.5% of total investment properties’ value (including right-of-use assets).
SGREIT’s Singapore portfolio comprises partial interests in Wisma Atria and in Ngee Ann City.


Managing Director, Golden Section Capital

Garreth Elston

Managing Director

Golden Section Equity Research

Golden Section Capital

Golden Section Capital is a private international investment, specialist independent equity research, and corporate finance consulting services provider focussing on real estate and infrastructure. 

Paid for corporate research on Real Estate and Infrastructure companies. Plus independent pieces on various real estate companies and themes.

<ul>
<li>The iEdge Singapore Next 50 is effectively a global growth proxy, with ~51% of revenues generated offshore, sharply reducing reliance on Singapore’s domestic and banking cycles.</li>
<li>Its mid-cap, real-asset and industrial skew creates structurally different earnings drivers from the STI, tied to trade flows, infrastructure, healthcare, and technology capex rather than credit growth.</li>
<li>The index offers diversification without governance compromise, using Singapore’s regulatory framework as a platform to access faster-growing ASEAN, Indian, and global markets.</li>
</ul>


The iEdge Singapore Next 50 is effectively a global growth proxy, with ~51% of revenues generated offshore, sharply reducing reliance on Singapore’s domestic and banking cycles.
Its mid-cap, real-asset and industrial skew creates structurally different earnings drivers from the STI, tied to trade flows, infrastructure, healthcare, and technology capex rather than credit growth.
The index offers diversification without governance compromise, using Singapore’s regulatory framework as a platform to access faster-growing ASEAN, Indian, and global markets.


The Global Footprint of the iEdge Singapore Next 50

<ul>
<li>Of the 30 companies that constitute the Straits Times Index (STI), Real Estate Investment Trusts (REITs) have long been a cornerstone.</li>
<li>For investors seeking growth and diversification beyond the blue-chip giants, the iEdge Singapore Next 50 indices present a compelling hunting ground beyond the 30 largest companies on the SGX. </li>
<li>These indices track the next 50 largest stocks after the top 30 SGX stocks ranked by market capitalization, and are home to a dynamic cohort of REITs.</li>
</ul>


Of the 30 companies that constitute the Straits Times Index (STI), Real Estate Investment Trusts (REITs) have long been a cornerstone.
For investors seeking growth and diversification beyond the blue-chip giants, the iEdge Singapore Next 50 indices present a compelling hunting ground beyond the 30 largest companies on the SGX. 
These indices track the next 50 largest stocks after the top 30 SGX stocks ranked by market capitalization, and are home to a dynamic cohort of REITs.


REITs Beyond the STI: A Review of the REIT Components of the iEdge Singapore Next 50 Indices

The New Standard in Wealth Management, Wealth Management Alliance

Wealth Management Alliance

The New Standard in Wealth Management

WMA is a Singapore-based multi-family office with a Capital Markets Services license and provide fund management and investment advisory services to a small number of global UHNW clients. We also act as incubator for single-family offices, allowing them to plug into our broader ecosystem and infrastructure, and tap on our investment professionals for advice. WMA is designed around providing truly bespoke advice to each client, rather than taking a one-size-fits-all approach that may not fit each client's investment objectives and risk tolerances. On top of that, we are designed so that we avoid any semblance of conflicts of interests by being compensated only by the client (which may include profit sharing), as opposed to the model that many of our peers adopt, which include compensation from a variety of third parties such as funds managers, distributors or banks. That, to us, is the easiest way to be firmly on the side of the client in every decision we make.

<ul><li>In this strategy update, we look at the two new stock indices - the iEdge Singapore Next 50 Index and the iEdge Next 50 Liquidity Weighted Index - released by the SGX on 22 September 2025.</li><li>The two new indices cover the next 50 largest companies listed on the SGX Mainboard, excluding the 30 largest companies by market capitalization (which are covered by the benchmark Straits Times Index, STI).</li><li>The 50 constituent companies are identical for both new indices, but the first is weighted by free-float market capitalization while the second is weighted by turnover to capture the relative liquidity of the constituents.</li></ul>

In this strategy update, we look at the two new stock indices - the iEdge Singapore Next 50 Index and the iEdge Next 50 Liquidity Weighted Index - released by the SGX on 22 September 2025.The two new indices cover the next 50 largest companies listed on the SGX Mainboard, excluding the 30 largest companies by market capitalization (which are covered by the benchmark Straits Times Index, STI).The 50 constituent companies are identical for both new indices, but the first is weighted by free-float market capitalization while the second is weighted by turnover to capture the relative liquidity of the constituents.

Singapore

Starhill Global REIT is a Singapore-based real estate investment trust that invests in a portfolio of retail and office properties. It owns nine mid- to high-end assets across Singapore, Australia, Malaysia, Japan, and China, generating revenue primarily from leasing. The company was established in 2005 and is headquartered in Singapore.

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Starhill Global REIT (SGREIT SP)

iEdge Singapore Next 50: Portfolio Capacity Keeps Rising

The iEdge Singapore Next 50 comfortably supports S$50-100m index products today, and about S$171m with optimised sampling that excludes the five...

Vincent Fernando, CFA

Company Update 2: Starhill Global REIT

Starhill Global REIT (“SGREIT”) is a real estate investment trust that invests primarily in retail and office real estate. As at 31 December 2025,...

FPA Financial

The Global Footprint of the iEdge Singapore Next 50

The iEdge Singapore Next 50 index delivers global growth, diversified earnings, and lower STI correlation, using Singapore governance to invest in...

Golden Section Capital

REITs Beyond the STI: A Review of the REIT Components of the iEdge Singapore Next 50 Indices

Large capitalization S-REITs are a cornerstone of the STI, but investors can find growth and diversification in the REITs of the iEdge Singapore...

Golden Section Capital

Singapore Equity Strategy: October 2025

In this strategy update, we look at the two new stock indices - the iEdge Singapore Next 50 Index and the iEdge Next 50 Liquidity Weighted Index

Wealth Management Alliance

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

iEdge Singapore Next 50: Portfolio Capacity Keeps Rising

The iEdge Singapore Next 50 comfortably supports S$50-100m index products today, and about S$171m with optimised sampling that excludes the five...

Vincent Fernando, CFA

Company Update 2: Starhill Global REIT

Starhill Global REIT (“SGREIT”) is a real estate investment trust that invests primarily in retail and office real estate. As at 31 December 2025,...

FPA Financial

The Global Footprint of the iEdge Singapore Next 50

​The iEdge Singapore Next 50 index delivers global growth, diversified earnings, and lower STI correlation, using Singapore governance to invest in...

Golden Section Capital

REITs Beyond the STI: A Review of the REIT Components of the iEdge Singapore Next 50 Indices

​Large capitalization S-REITs are a cornerstone of the STI, but investors can find growth and diversification in the REITs of the iEdge Singapore...

Golden Section Capital

Singapore Equity Strategy: October 2025

In this strategy update, we look at the two new stock indices - the iEdge Singapore Next 50 Index and the iEdge Next 50 Liquidity Weighted Index

Wealth Management Alliance

The iEdge Singapore Next 50 index delivers global growth, diversified earnings, and lower STI correlation, using Singapore governance to invest in...

Large capitalization S-REITs are a cornerstone of the STI, but investors can find growth and diversification in the REITs of the iEdge Singapore...