PMTS

Broad-based index long products drew US$763.0M of net active buying across 13 funds — 5.8% of those funds' turnover — the largest theme-side reading of Tuesday's completed US, Hong Kong and Singapore sessions. Vanguard S&P 500 ETF (VOO) led in the US session with +US$604.7M, 14.1% of its US$4.29B turnover, and Invesco NASDAQ 100 ETF (QQQM) added +US$175.5M on 14.1% of its US$1.25B turnover; broad-based inverse products shed US$39.0M. Semiconductor and memory long products followed with +US$396.3M of net active buying (1.7% of their US$23.67B turnover), their inverse side taking +US$42.0M on US$28.15B of turnover, 0.9x its 18-day average. Bonds and cash long products added +US$172.7M, while crypto-linked long products went the other way with US$23.1M of net active selling. Prices and net active buying reflect the US, Hong Kong and Singapore closes of Tuesday, Nov 3, 2026 (SGT).

Volume Standout

In Tuesday's US session, GraniteShares 2x Long AMD Daily ETF (AMDL), a 2x long semiconductor product, was the most active leveraged name, trading 2.0x its 20-day average volume while rising 7.4% on US$201.7M of turnover. Elevated turnover in leveraged ETFs reflects short-term tactical positioning rather than long-term allocation.

Cross-Counter Watch

On Tuesday's Singapore close, the two Straits Times Index trackers diverged: Amova Singapore STI ETF (G3B.SG) implied a -0.4% move in the underlying, while SPDR Straits Times Index ETF (ES3.SG) implied -1.0% — a 0.6 percentage-point gap, widening from 0.0 percentage points a day earlier. The two counters are from different issuers. Such gaps usually reflect offshore demand or liquidity differences between counters.

Notable Movers

On Tuesday's US close, Roundhill Memory ETF (DRAM) rose 2.8% on 0.6x its 20-day average volume, while iShares Semiconductor ETF (SOXX) added 2.5% on 1.3x its 20-day average with US$6.12B of turnover. Precious metals went the other way: iShares Silver Trust (SLV) fell 1.6% on 1.0x its 20-day average volume, and SPDR Gold Shares (GLD) eased 0.7% on 0.7x its 20-day average.

Note: Flow figures are net active buying — buyer-initiated minus seller-initiated turnover, counted over the trades whose aggressor side can be classified, which is a subset of each fund's total trading; percentages are net active buying as a share of the same funds' total turnover for the session; they are not ETF creations or redemptions, and are estimates based on available data that may be revised. Leveraged and inverse ETFs carry higher risk and are intended for short-term trading. This content is for informational purposes only and does not constitute investment advice.