Notably, the performance is broadening beyond blue chips, with the FTSE ST Small Cap Index returning 25% over the same period.
Recent news on Singapore’s robust initial public offer (IPO) activity and continued strong deal flow further highlight Singapore’s position as a leading destination for high-quality companies and capital market innovation, says Ong Changqi, Asean equity portfolio manager at JP Morgan Asset Management (JPMAM).
As one of the better performers in Asean this year, Singapore’s equity market continues to demonstrate resilience and dynamism. The Straits Times Index (STI) has rallied 16.9% year to Oct 31.
