•Last week, $CSOP LOW CARBON US$(LCU.SI)$ LCU (+1.06% in USD), $CSOP SEA TECH ETF US$(SQU.SI)$ SQU (+1.29% in USD), $CSOP S-REITs INDEX ETF(SRT.SI)$ SRT (+2.22% in SGD) and $CSOP DIV ETF S$(SHD.SI)$ SHD (+0.28% in SGD) gained, while $CSOP Star&Chinext50 S$(SCY.SI)$ SCY (-1.99% in SGD) fell. This is amid earnings optimism and US data that supported the case for interest-rate cuts.
•LCU’s gains were mainly driven by IT, Financials and energy by sectors. In terms of geography, Taiwan, Australia and South Korea led the rally. As for individual stocks, TSMC, Hon Hai Precision and Samsung were primary contributors.
•SQQ/SQU’s gains were mainly contributed by Delta Electronics THAI, EMTK and MYEG.
•SRT’s gains were led by data center, industrial and retail REITs. In terms of individual securities, KDCREIT, MLT and CLAR were top contributors.
Source: Bloomberg, as of 20240510. Past performance is not indicative of future performance.
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