Larry Edelson from Weiss Research suggest Singapore’s economy is one of the crown jewels of Asia:
- Singapore’s GDP rose 8.5% in the first quarter of 2006.
- Manufacturing gained 13.8%.
- Exports were up 12.5%.
- Retail sales increased 12.3%.
- Per-capita GDP is nearly $30,000 per year, second only to Japan.
Roger Nusbaum from theStreet.com points out that the largest sector weight in EWS is the financial sector, at 35%, and three of the fund’s four largest holdings are financial stocks. The heavy weighting in financials contributes to EWS’ 3.2% dividend yield.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.