October 23, 2006 at 8:13 am by Tom Lydon
With a healthy economy and the world’s busiest port, Singapore looks appealing. Investors who are interested in exposure to the country can look at the exchange traded fund, iShares MSCI Singapore (EWS). The ETF is up 8% over the past month and reached a new high yesterday. Sam Patel of TheStreet.com notes that the ETF is highly concentrated in its top ten holdings. The banking sector represents 35% of the ETF, followed by capital goods and telecommunications.
Singapore has a budget surplus equal to 6% of its GDP, has the highest standard of living in Asia, 8% GDP growth and is a gateway for commerce in Asia.
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