If the analysts are right, you will need more than 9.41% to do so.
After a rather topsy-turvy 2016 in which original constituents like Noble Group got replaced, SGX's passive Straits Times Index (STI) had ended the year on 30th December at about 2881.
Here are the consolidated STI targets that various brokerage have for 2017:
The average of these would be 3060, which would yield a 6.41% capital gain for 2017. Given that the average dividend yield from 2008 to 2016 is 3.00%, you will require a total of 9.41% to beat the STI - quite a task indeed.
Furthermore, if we were to follow OCBC's investment research pegging 2017 forecasted dividend yield at 3.9%, we will require a 10.31% return! Even a ......