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Singapore-focused ETFs emerge as a strategic Asia allocation option on resilience, AI-driven growth and strong momentum.
Singapore's economic strength and stability underpin my buy rating on the iShares MSCI Singapore ETF. EWS has broken out of a long-term consolidation, targeting the 2007 all-time high of $31.94 per share. The ETF offers an attractive, consistent 3.97% dividend yield, supported by 25 years of consecutive payments.
The iShares MSCI Singapore ETF (EWS) offers concentrated exposure to Singaporean equities, with 54% in financials and only 16 holdings. EWS benefits from Singapore's equity market reforms, robust banking sector earnings, and structural AI/digital infrastructure growth, supporting near-term and long-term catalysts. Projected dividend yields from key holdings like DBS (6.1%) and ongoing institutional inflows underpin EWS's income appeal, while valuation appears relatively attractive versus global peers.
Sunway MCL—the Singapore-based developer controlled by Malaysian billionaire Jeffrey Cheah—and its partner China's CSC Land Group placed the highest bid for a prime residential site near the city-state's main shopping district, amid booming property demand in one of the world's most expensive real estate markets.
Chinese automakers are speeding into right-hand-drive markets from Australia to Southeast Asia and challenging long-dominant Japanese car companies with premium electric vehicles aimed at affluent consumers.
Asian currencies consolidated against the dollar before first decision by a FOMC led by Chairman Kevin Warsh later.
A heatwave gripping Vietnam has already placed immense pressure on the national power grid, the country's industry ministry said, adding the problem could get worse as the El Nino weather pattern is forecast to return from July.
Singapore's banks and financial firms should use artificial intelligence to create better jobs and train workers for higher-value roles, not just cut costs, Deputy Prime Minister Gan Kim Yong said on Wednesday.