My STI ETF reached a 17 year peak on Wednesday!

🌟🌟🌟Hurray!  I am thrilled to see the Straits Times Index $STI ETF(ES3.SI)$  reached a new high on Wednesday to SGD 3.84!    My stock market monitor was busy this morning informing me of the new high.

The STI ETF represents 30 of Singapore largest and strongest blue chips companies.  These include the Big 3 Singapore Banks DBS, OCBC and UOB as well as Singtel, Jardine Matheson Holdings, Capitaland Integrated Commercial Trust (CICT), Singapore Exchange, Capitaland Ascendas Reits, Keppel Ltd and Singapore Airlines.

$DBS Group Holdings(D05.SI)$  is up 47% year todate, while $ocbc bank(O39.SI)$  has risen 33% and $UOB(U11.SI)$  is up 34% year todate.  All 3 banks have reported excellent Q3 24 earnings.  This is due to increase in loans, wealth management fees and service fees such as credit card fees.

$Singtel(Z74.SI)$  is another star performer as it has jumped 33% year todate. On November 13, Singtel delivered strong EBIT growth of 27% to SGD 738 million in the first half year.  This positive momentum was driven by a better mobile performance and disciplined cost management at Optus as well as continued margin improvements.

It is not surprising therefore to see  that the STI ETF has risen on the back of the excellent performance of its holdings.

I have invested in STI ETF 4 years ago and my patience has finally been rewarded by the excellent performance of STI ETF. 

In addition to that, I have enjoyed the regular dividends paid by the STI ETF twice a year.  These happen in February and August each year.  The current dividend yield is 4.14% which is heaps better than putting money in Singapore savings accounts or Treasury Bills. Best of all, dividends in Singapore are tax free. 

I like STI ETF as it offers me a low cost way to invest in the best Singapore stocks.  At the last closing price of SGD 3.84, it is a lot easier on the pocket that say investing in DBS which was SGD 42.34 per share.

STI ETF is also an ideal way for those who are new to investing in Singapore and who may have limited capital too. 

Investing does not have to be complicated.  With STI ETF - it's Maximum Power, Minimum Cost!  That's my favourite way of investing.

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