I’ve been dollar-cost averaging into ($STI ETF(ES3.SI)$) as our local market index went through a roller-coaster ride lately, regardless of market pessimism over a recession triggered by over-aggressiveness in interest rate hikes by the Fed, and of market optimism that the surging inflation might have peaked, leaving room for the Fed to be less hawkish moving forward.

I try not to over-react to daily news, and prefer to dollar-cost average regardless of the market movements, as I believe that even if individual companies may underperform at times, but the broader market will continue to grow over the long term.

$STI ETF(ES3.SI)$comprises of the bluest of the blue chips on Singapore bourse, weighed heavily by the trio of our local big banks which stand to benefit from the rising rates. Hence, adding the market index offers me exposure to the banking sector of which I feel bullish.

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