This is very true
@koolgal：$STI ETF(ES3.SI)$ I am so amazed that our humble STI ETF is holding up so well compared to the US markets today. It is even slightly up 0.41% so far. In fact year to date, STI ETF is up 4.6% compared to SPY ETF which is down 21%. I believe that the strong performance can be attributed to the fantastic recent earnings reports from our 3 local Singapore banks. Together the 3 banks contribute 46% weightage of the STI ETF. STI ETF is the bellwether of our Singapore economy as it represents the top 30 of Singapore's largest and strongest companies. Apart from the Singapore Banks, there is SINGTEL, Jardine Matheson, Keppel Corp, Capitaland Integrated Commercial Trust, Ascendas Reit, Wilmar International and Capitaland Investment. Together they form the Top 10 holdings of STI ETF. What I also like about STI ETF is that it is low cost and a lot cheaper than investing in each individual stock. Buying DBS alone would cost 34.57 per share compared to 3.21 for STI ETF. On top of that I receive a stable and regular dividend every 6 months tax free and no withholding tax or foreign currency risk. The current dividend yield is 3.48%. The expense ratio is only 0.30%. So I am very proud of our humble STI ETF that is outperforming SPY ETF. Being a Singaporean, owning STI ETF is like investing in the future of Singapore which I believe will continue to thrive and grow in the long run. Go Long Go Strong Go STI ETF!🚀🚀🚀🌛🌛🌛🌈🌈🌈💰💰💰😍😍😍 @Daily_Discussion @MillionaireTiger @TigerStars @Tiger_chat @TigerStars
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