The 3 largest companies, DBS, OCBC, and UOB, are all financial services companies and they take up over 44% of the STI’s allocation.This means that the STI’s returns could be disproportionately affected by the performance of the local banks.In contrast, the new Lion-OCBC Securities Singapore Low Carbon ETF has an expanded list of 50 companies, with the local banks only occupying slightly more than 21% of the total weight.$Lion-OCBC Sec HSTECH S$(HST.SI)$
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