What is STI Index true performance ? The often quoted is 7% XIRR or so called Compounded which includes dividends distributed. This is achieved if one invest all their money one time exact in the year 2005 low and measured on the final price this month of STI. Yes is about 7%. The issue is can this be repeated ? That is the catch. Firstly our money in fund is constantly injected and for some withdraw during the 12 years period. Secondly, how sure are we the next 12 years will be another 7%. Are we sure we can extrapolates ? Finally, investment period is critical. Investing in 2005, 2011 and now will yield different STI performance. This can be shown by taking the dividends distributed and using different period of entry. As you can see above, the Compounded or XIRR are total different on entry year. I am not saying STI ETF ...