Singapore’s Straits Times Index returned about 1% in 2022 and happens to be the only one Meter for the developed market in positive territory in dollar terms, Bloomberg reported.
In comparison the MSCI World Index is down 22% in what could be its worst year since the 2008 global financial crisis report said.
Also read: How to trade US stocks in Singapore
What happened: Stocks and bonds have been alike hit this year as central banks around the world opted for aggressive rate hikes to counter inflation.
That SPDR S&P 500 ETF Trust SPY, which tracks the S&P 500, has lost over 21% since the beginning of 2022. Other funds that track global markets have not been spared either. That Vanguard European Stock Index Fund ETF VGK lost over 29% in the same period.
take experts: Alan Richardsonportfolio manager at Samsung Asset Management (HK) Ltd said Singapore’s performance correlates with value outperforming growth, which is expected to last as long as the US federal reserve according to the report, remains determined to bring inflation down to the long-term target rate.
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