
This iShares exchange-traded fund aims to replicate the financial performance of an equity index that is primarily made up of stocks from Singaporean companies.
Is EWS's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

The iShares MSCI Singapore ETF has delivered respectable YTD returns of 17%, recently reaching lifetime highs before underperforming in the past few weeks. EWS faces headwinds from declining Singapore GDP growth (from a high threshold), although its important exposure to the global semiconductor supply chain may result in positive surprises. The ETF's heavy 55% exposure to banking stocks is concerning amid rising global GDP rates and potential net interest margin contraction.

International or non-US investing has been quietly putting up robust numbers for shareholders. Today, we are seeing international, gold and even grains of late start to rally, without much give-back in the S&P 500 or Nasdaq.

Singapore equities are among the world's best performers as strong economic growth, resilient bank earnings and a stronger Singapore dollar attract investors. While some fund managers see further upside, others warn valuations have become increasingly stretched after a multi-year rally.

EWS hits a 52-week high as stronger growth and AI momentum bolster Singapore's outlook.
