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Is The Straits Times Index That Bad In Performance?
By The Bedokian Portfolio  •  November 1, 2020
I have been hearing comments and opinions about how not-so-good the Straits Times Index (STI) is doing for a long time. In this post, we shall find out quantitatively if this is true. But first, a little caveat… Introducing The iShares MSCI Singapore ETF Since it was the weekend and I did not want to burn my brains calculating past returns from the two available local ETFs that tracked the STI, I had gone the easier way of using a proxy: the iShares MSCI Singapore ETF (EWS). The EWS ETF was launched in the US markets on 12 Mar 1996, which by the way was “older” than our very own SPDR STI ETF (ES3, listed on 17 Apr 2002) and the Nikko AM STI ETF (G3B, listed on 24 Feb 2009), so at least we could gather data a bit further back. EWS tracked the MSCI Singapore 25/50 Index (Note: prior to 1 Dec 2016 it was tracking the MSCI Singapore Index), and the constituents and their respective weightages are comparable to the STI’s (see Figures 1 and 2 below):...
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By The Bedokian Portfolio
My first encounter with the financial markets started in the aftermath of the 2008/2009 Global Financial Crisis. Before this, I had no notion of what investment and trading were, although I had learned about economics, business management and accounting back in my university studies. I was a trader when I first started, albeit an amateurish one, and trading was just a side hobby of mine ...
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