Group 1 - The core viewpoint of the articles highlights the significant growth in ETF trading volumes on the Singapore Exchange, particularly in gold ETFs, driven by central bank purchases and inflation concerns [1][2] - In Q1 of this year, the average daily trading volume of ETFs on the Singapore Exchange increased by 37% year-on-year, with gold ETFs experiencing a remarkable 66% growth [1] - The SPDR Gold ETF has seen net inflows for ten consecutive months, with its unit price reaching a historical high and a year-to-date return of 16% [1] Group 2 - The mutual fund scheme between China and Singapore has expanded, with the total asset management scale of the nine ETFs exceeding 700 million Singapore dollars as of the end of March [2] - Stock ETFs have shown a clear divergence, with Singapore, Japan, and Vietnam leading in performance, achieving average returns of 6.2%, 5.7%, and 4.5% respectively in Q1 [2] - The decline in U.S., Indian, and Indonesian ETFs is attributed to high interest rates affecting valuations, commodity price fluctuations, and currency depreciation, with average returns of -4.0%, -4.2%, and -12.6% respectively [2]