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by Wd40 » Sun, 26 Sep 2021 11:00 am
Well, after the news look at the reaction of STI, that should tell you what the market thinks about this news.
Normally a country's stock exchange represents it's economy and its market. For example India Nifty you want to own because of the companies that will benefit from the growth of India.
Singapore market is so small and matured, so there no market to speak of and even within that even the one or two innovative companies like Shoppee decided to list on Nasdaq. India has the clout to force it's companies to list in India and generally Indians and foreigners are very upbeat about Indian economy.
Singapore is just a good place to have your asset domicile due to tax purposes, other than that there is no reason to overweight SG stock market.
So I would use this advantage of Singapore and keep all your money domiciled here, but invest in global growth areas or just follow the MSCI allocation with some tilt if you want.