As Asian exchange traded funds (ETFs) soar, let’s stop and spotlight the iShares MSCI Singapore Index (EWS).
EWS is performing well above the 200-day moving average and is up 25.3% year-to-date, as you can see in the chart below. Singapore, like current superstar Malaysia, benefits from being China’s neighbor. Investors and large companies love China for its labor resources, but hate it for the communist government’s tight control. Suddenly, Malaysia, Singapore and South Korea are investors’ and big companies’ best friends. All this foreign investment helps the United States’ economy too. Everyone wins.
Before we leave Singapore, here are a few fun facts, courtesy of Fred Fuld of Stockerblog:
- Singapore is one of the few city-states in the world.
- It is the 18th wealthiest country in the world in terms of GDP per capita.
- It is rated as the most business-friendly economy in the world.
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.