July 2025 Returns: 7.55% Year to Date Returns:67.00% Since Inception (9 Sept 2020) Returns: 279.93% Nothing much to report in July as we await results in august. Apart from the much awaited Equity Market Development Programme (EQDP) finally gaining traction, I think that is a reason why folks might be anticipating the market ahead of time and lead to some people saying STI CXG is overvalued. But truth be told, if you have been stuck in a 3000-4000 rangebound for years, you might think that above 4000 it is over valued or dangerous. Much like a frog in the well thinking outside there are hunters etc. Strong SGD relative to other countries , Companies growing revenue and profits, Economic Growth, Inflation.....these are just a few reasons in the many reasons and factors that can cause the stock market to go up. Sometimes we might have to move our valuations in line with...