We are using the SPDR STI ETF (ES3.SI) as a benchmark for STI.
Return = (closing price – opening price) / opening price
Return = (closing price – opening price + dividend paid) / opening price
Recommended Read: CPF Account Effective Interest Rates
Analysis: Best Month
The best month is……….. APRIL!
Over the past 13 cycles, STI experienced only 2 non-positive Aprils, with the worse being only -1%.
The second best month is……….. March!
Over the past 13 cycles, STI experienced 3 negative Marches.
Guess we just missed the best time to get in and invest in STI. 😉
In addition, with or without factoring dividend returns does not seem to affect the top 2 months of best return.
Though it did make Februaries’ return looks a lot better.
Analysis: Worse Month
Without factoring dividend return, the worse month is……….. AUGUST!
Followed by February and May.