secure.fundsupermart.com
Open in
urlscan Pro
2a02:26f0:1700:1af::1f0c
Public Scan
Submitted URL: https://secure.fundsupermart.com/fsm/newsletter/newman?task=CONTENT&artId=2528&typeId=1&lang=en
Effective URL: https://secure.fundsupermart.com/fsm/article/view/rcms248321/nikkoam-etfs-product-update
Submission: On February 20 via api from SG — Scanned from DE
Effective URL: https://secure.fundsupermart.com/fsm/article/view/rcms248321/nikkoam-etfs-product-update
Submission: On February 20 via api from SG — Scanned from DE
Form analysis 1 forms found in the DOM
POST
<form method="post" id="logout-form" class="ng-pristine ng-valid">
<input type="hidden" id="csrf-token" name="_csrf" value="4bfcea17-ae45-44b5-8e0d-18913a838fb1" autocomplete="off">
</form>Text Content
searching.....
No Results
View More Result(s)
FILTER RESULTS BY:
(UNTICK TO NARROW YOUR SEARCH)
Bonds Unit Trusts ETFs Stocks Managed Portfolios (MAPS) Insurance Articles FAQ
Clear all
All incoming and outgoing payments may be delayed on 20 Feb (Sun) due to system
maintenance
SITEMAP
NEW TO FSM
INTRODUCTION
* About Us
* Why FSMOne?
* Rewards
* Pricing Structure
* Testimonials
* FSMOne Buzz
* Current Offers
SERVICES
* Regular Savings Plan
* Transfer In
* CPF Investments
FSMONE LEARNING HUB
* Young Investors Programme
* Upcoming Events
* Webinars & Tutorials
* FSMOne School
* Important Trading Information
* FSMOne Investment Academy
ACCREDITED INVESTORS
* What Is FSM+?
* Guide To Joining FSM+
* FSM+ Declaration
* FSM+ FAQ
* Restricted Products
* Exclusive FSM+ Content
CASH
PARKING FACILITIES
* Cash Solutions
* Multi-Currency Cash Account
* Auto-Sweep Account
* Foreign Exchange Rates
* FAQ
TRANSACTION
* Cash Solutions
* Making Payments
* Transfer between Accounts
* Apply Recurring Top-Up Plan
* View Recurring Plan
* Foreign Currency Exchange
* Withdrawal
* Opt in Auto-Sweep Account
BONDS
ABOUT BONDS
* Bonds Homepage
* New to Bonds
* Bond School
* FAQ
INVEST
* Bond Express
* Request For Quote
* Transact Now
* Cash Account
BOND RESEARCH
* Bond Ideas
* Bond Issues
* Yield Curve
* Index Data
BOND INFO
* New Bonds / Upcoming Bonds
* Retail Bonds
* Corporate Action
* Credit Rating Changes
* SGS Bonds
TOOLS & CALCULATORS
* Bond Selector
* Product Quick Search
* Chart Centre
* Bond Calculator
* Top Gainers / Losers
* Watchlist
FUNDS
ABOUT FUNDS
* Funds Homepage
* New to Funds
* Switch
* Fund School
* FAQ
INVEST
* Transact Now
* Apply For RSP
* Cash Account
* CPF Investments
FUND RESEARCH
* Fund Ideas
* Fund House Hub
* Recommended Funds
FUND INFO
* New Funds
* Daily Prices
* Holiday Calendar
* Corporate Action
* Fund Managers
* Dividend Yield
TOOLS & CALCULATORS
* Fund Selector
* Product Quick Search
* Chart Centre
* Best and Worst Performers
* Watchlist
STOCKS
ABOUT STOCKS
* Stocks Homepage
* Trade with FSMOne
* New to Stocks
* Daily Leveraged Certificates
* Structured Warrants
* Stock School
* FAQ
INVEST
* Live Trading
* Trading Announcements
* IPOs / Placements
* Corporate Actions
* Thematic Portfolio
* Cash Account
STOCK RESEARCH
* Stock Ideas
TOOLS & CALCULATORS
* Product Quick Search
* Stock Screener
* Stock Calculator
* Watchlist & Alert
* Chart Centre
* Best and Worst Performers
ETFS
ABOUT ETFS
* ETFs Homepage
* Trade with FSMOne
* ETF School
* FAQ
INVEST
* Live Trading
* IPOs / Placements
* ETF Focus List
* Cash Account
* Thematic Portfolio
ETF RESEARCH
* ETF Ideas
* ETF Hub
TOOLS & CALCULATORS
* Product Quick Search
* ETF Selector
* ETF Calculator
* Watchlist & Alert
* Chart Centre
* Best and Worst Performers
MANAGED PORTFOLIOS
ABOUT MANAGED PORTFOLIOS
* FSM Managed Portfolios
* Our Investment Principles
* Our Process
* Our Portfolios
INVEST
* Transact Now
* Apply For RSP
* Cash Account
OUR METHODOLOGY
* Model Portfolios
* Research Star Ratings
* The Benefits of Rebalancing
SUBSCRIPTIONS & FAQ
* Subscription
* Fees
* FAQ
PORTFOLIO MATERIALS
* Factsheets
* Investment Outlook
* Portfolio Commentary
RESEARCH
MARKET INSIGHTS
* Indices
* Macro Research
RESEARCH HIGHLIGHTS
* Star Ratings
* Recommended Funds
* ETF Focus List
* Thematic Portfolio
* Recommended Bonds
PRODUCT INSIGHTS
* Fund Ideas
* Stock Ideas
* ETF Ideas
* Bond Ideas
* Managed Portfolios Insights
PRODUCT HUBS
* Fund House Hub
* Stock Hub
* ETF Hub
* ESG Hub
MEDIA
* Blog/Commentary
* Webcasts
* iFAST TV
INSURE
ABOUT INSURANCE
* Insurance Homepage
* Why FSMOne Insurance
* How to Make Claims
* FAQ
INSURANCE INFO
* Insurance Insights
* Insurance Products
* Get a Quote/Enquiry
BUY ONLINE
* Travel Insurance
* Motor Insurance
SUPPORT
CLIENT SUPPORT
* FAQ
* Contact Us
* Forms / Downloads
* Making Payments
CONNECT
* FSM Mobile Apps
INVESTMENT ADVICE
* Get Investment Advice
* CKA/CAR Assessment
* Portfolio Fact Find
* Back To Home
* 中文 English
* |
* SG
SELECT COUNTRY/REGION
* Hong Kong
* Malaysia
* India
* Open An Account
* Login
* New to FSM
INTRODUCTION
* About Us
* Why FSMOne?
* New Investors’ Guide to FSMOne
* Rewards
* FSMOne Prestige
* Pricing Structure
* Testimonials
* FSMOne Buzz
* Current Offers
SERVICES
* Regular Savings Plan
* Transfer In
* CPF Investments
FSMONE LEARNING HUB
* Young Investors Programme
* Upcoming Events
* Webinars & Tutorials
* FSMOne School
* Important Trading Information
* FSMOne Investment Academy
ACCREDITED INVESTORS
* What Is FSM+?
* Guide To Joining FSM+
* FSM+ Declaration
* FSM+ FAQ
* Restricted Products
* Exclusive FSM+ Content
* Cash
PARKING FACILITIES
* Cash Solutions
* Multi-Currency Cash Account
* Auto-Sweep Account
* Foreign Exchange Rates
* FAQ
TRANSACTION
* Cash Solutions
* Making Payments
* Transfer between Accounts
* Apply Recurring Top-Up Plan
* View Recurring Plan
* Foreign Currency Exchange
* Withdrawal
* Opt in Auto-Sweep Account
OPT IN TO AUTO-SWEEP ACCOUNT AND EARN 0.518% P.A. NET RETURN
* Bonds
ABOUT BONDS
* Bonds Homepage
* New to Bonds
* Bond School
* FAQ
INVEST
* Bond Express
* Request For Quote
* Transact Now
* Cash Account
BOND RESEARCH
* Recommended Bonds
* Bond Ideas
* Bond Issues
* Yield Curve
* Index Data
BOND INFO
* New Bonds / Upcoming Bonds
* Retail Bonds
* SGS Bonds
* Corporate Action
* Credit Rating Changes
TOOLS & CALCULATORS
* Bond Selector
* Product Quick Search
* Chart Centre
* Bond Calculator
* Top Gainers / Losers
* Watchlist & Alert
LIVE TRADING FOR BONDS BOND EXPRESS | REQUEST FIRM BOND PRICES REQUEST FOR
QUOTE
* Funds
ABOUT FUNDS
* Funds Homepage
* New to Funds
* Switch
* Fund School
* FAQ
INVEST
* Transact Now
* Apply For RSP
* Cash Account
* CPF Investments
FUND RESEARCH
* Fund Ideas
* Fund House Hub
* Recommended Funds
FUND INFO
* New Funds
* Daily Prices
* Holiday Calendar
* Corporate Action
* Fund Managers
* Dividend Yield
TOOLS & CALCULATORS
* Fund Selector
* Product Quick Search
* Chart Centre
* Best and Worst Performers
* Watchlist & Alert
0% ON ALL FUNDS PERMANENTLY TRANSACT NOW
* Stocks
ABOUT STOCKS
* Stocks Homepage
* Trade with FSMOne
* New to Stocks
* Daily Leveraged Certificates
* Structured Warrants
* Stock School
* FAQ
INVEST
* Live Trading
* Trading Announcements
* IPOs / Placements
* Corporate Actions
* Thematic Portfolio
* Cash Account
STOCK RESEARCH
* Stock Ideas
* Stock Hub
TOOLS & CALCULATORS
* Product Quick Search
* Stock Screener
* Stock Calculator
* Holiday Calendar
* Watchlist & Alert
* Best and Worst Performers
FLAT S$8.80 FOR SGX (FOR ALL CLIENTS) & FLAT HK$50 FOR HKEX (FOR GOLD &
DIAMOND CLIENTS) LIVE TRADING
* ETFS
ABOUT ETFS
* ETFs Homepage
* Trade with FSMOne
* ETF School
* FAQ
INVEST
* Live Trading
* IPOs / Placements
* Apply For RSP
* ETF Focus List
* Cash Account
* Thematic Portfolio
ETF RESEARCH
* ETF Ideas
* ETF Hub
TOOLS & CALCULATORS
* Product Quick Search
* ETF Selector
* ETF Calculator
* Holiday Calendar
* Watchlist & Alert
* Chart Centre
* Best and Worst Performers
FLAT S$8.80 FOR SGX (FOR ALL CLIENTS) & FLAT HK$50 FOR HKEX (FOR GOLD &
DIAMOND CLIENTS) LIVE TRADING
* Managed Portfolios
ABOUT MANAGED PORTFOLIOS
* FSM Managed Portfolios
* Our Investment Principles
* Our Process
* Our Portfolios
INVEST
* Transact Now
* Apply For RSP
* Cash Account
OUR METHODOLOGY
* Model Portfolios
* Research Star Ratings
* The Benefits of Rebalancing
SUBSCRIPTIONS & FAQ
* Subscription
* Fees
* FAQ
PORTFOLIO MATERIALS
* Factsheets
* Investment Outlook
* Portfolio Commentary
FSM MANAGED PORTFOLIOS AT 0% (MAPS) INVEST NOW
* Research
MARKET INSIGHTS
* Indices
* Macro Research
RESEARCH HIGHLIGHTS
* Star Ratings
* Recommended Funds
* ETF Focus List
* Thematic Portfolio
* Recommended Bonds
PRODUCT INSIGHTS
* Fund Ideas
* Stock Ideas
* ETF Ideas
* Bond Ideas
* Managed Portfolios Insights
PRODUCT HUBS
* Fund House Hub
* Stock Hub
* ETF Hub
* ESG Hub
MEDIA
* Blog/Commentary
* Webcasts
* iFAST TV
* Insure
ABOUT INSURANCE
* Insurance Homepage
* Why FSMOne Insurance
* How to Make Claims
* FAQ
INSURANCE INFO
* Insurance Insights
* Insurance Products
* Get a Quote/Enquiry
BUY ONLINE
* Travel Insurance
* Motor Insurance
UNSURE WHAT COVERAGE YOU NEED? GET STARTED | REVIEW MY INSURANCE POLICIES
REVIEW NOW
* Support
CLIENT SUPPORT
* FAQ
* Contact Us
* Forms / Downloads
* Making Payments
* Account Reactivation
CONNECT
* FSM Mobile Apps
INVESTMENT ADVICE
* Get Investment Advice
* CKA/CAR Assessment
* Portfolio Fact Find
Search FSM
--------------------------------------------------------------------------------
All incoming and outgoing payments may be delayed on 20 Feb (Sun) due to system
maintenance
Menu
Close
* New to FSM
* New to FSM
* * About Us
* Why FSMOne?
* New Investors’ Guide to FSMOne
* Rewards
* FSMOne Prestige
* Pricing Structure
* Testimonials
* FSMOne Buzz
* Current Offers
* * Regular Savings Plan
* Transfer In
* CPF Investments
* * Young Investors Programme
* Upcoming Events
* Webinars & Tutorials
* FSMOne School
* Important Trading Information
* FSMOne Investment Academy
* * What Is FSM+?
* Guide To Joining FSM+
* FSM+ Declaration
* FSM+ FAQ
* Restricted Products
* Exclusive FSM+ Content
* Cash
* Cash
* * Cash Solutions
* Multi-Currency Cash Account
* Auto-Sweep Account
* Foreign Exchange Rates
* FAQ
*
* Cash Solutions
* Making Payments
* Transfer between Accounts
* Apply Recurring Top-Up Plan
* View Recurring Plan
* Foreign Currency Exchange
* Withdrawal
* Opt in Auto-Sweep Account
* Bonds
* Bonds
* * Bonds Homepage
* New to Bonds
* Bond School
* FAQ
* * Bond Express
* Transact Now
* Cash Account
* * Recommended Bonds
* Bond Ideas
* Bond Issues
* Yield Curve
* Index Data
* * New Bonds / Upcoming Bonds
* Retail Bonds
* SGS Bonds
* Corporate Action
* Credit Rating Changes
* * Bond Selector
* Product Quick Search
* Chart Centre
* Bond Calculator
* Top Gainers / Losers
* Watchlist & Alert
* Funds
* Funds
* * Funds Homepage
* New to Funds
* Switch
* Fund School
* FAQ
* * Transact Now
* Apply For RSP
* Cash Account
* CPF Investments
* * Fund Ideas
* Fund House Hub
* Recommended Funds
* * New Funds
* Daily Prices
* Holiday Calendar
* Corporate Action
* Fund Managers
* Dividend Yield
* * Fund Selector
* Product Quick Search
* Chart Centre
* Best and Worst Performers
* Watchlist & Alert
* Stocks
* Stocks
* * Stocks Homepage
* Trade with FSMOne
* New to Stocks
* Daily Leveraged Certificates
* Structured Warrants
* Stock School
* FAQ
* * Live Trading
* Trading Announcements
* IPOs / Placements
* Corporate Actions
* Thematic Portfolio
* Cash Account
* * Stock Ideas
* Stock Hub
* * Product Quick Search
* Stock Screener
* Stock Calculator
* Holiday Calendar
* Watchlist & Alert
*
* Best and Worst Performers
* ETFS
* ETFS
* * ETFs Homepage
* Trade with FSMOne
* ETF School
* FAQ
* * Live Trading
* IPOs / Placements
* ETF Focus List
* Apply For RSP
* Cash Account
* * ETF Ideas
* ETF Hub
* * Product Quick Search
* ETF Selector
* ETF Calculator
* Holiday Calendar
* Watchlist & Alert
* * Chart Centre
* Best and Worst Performers
* Managed Portfolios
* Managed Portfolios
* * FSM Managed Portfolios
* Our Investment Principles
* Our Process
* Our Portfolios
* * Transact Now
* Apply For RSP
* Cash Account
* * Model Portfolios
* Research Star Ratings
* The Benefits of Rebalancing
*
* Subscription
* Fees
* FAQ
* * Factsheets
* Investment Outlook
* Portfolio Commentary
* Macro Research
* Macro Research
* * Indices
* Macro Research
* Idea of the Week
* Fund House Hub
* * Fund Ideas
* Stock & ETF Ideas
* Bond Ideas
* Managed Portfolios Insights
* * Star Ratings
* Recommended Funds
* ETF Focus List
* Recommended Bonds
* * Webcasts
* Insure
* Insure
* * Insurance Homepage
* Why FSMOne Insurance
* How to Make Claims
* FAQ
* * Insurance Insights
* Insurance Products
* Get a Quote/Enquiry
* * Travel Insurance
* * Motor Insurance
* Support
* Support
* * FAQ
* Contact Us
* Forms / Downloads
* Making Payments
* Account Reactivation
* * FSM Mobile Apps
* * Get Investment Advice
* CKA/CAR Assessment
* Portfolio Fact Find
Login 中文 English
1. Home A/C Summary
2. Macro Research
3. NikkoAM ETFs product update
NIKKOAM ETFS PRODUCT UPDATE
As the US Federal Reserve accelerates the reduction of its monthly bond
purchases and signals three interest rate hikes in 2022, here's what Nikko AM
has to say about its impact on Singapore's growth this year as it provides
updates on a few of its ETFs.
* NIKKO ASSET MANAGEMENT
* |
* PUBLISHED ON 07 FEB 2022
--------------------------------------------------------------------------------
Facebook Twitter Linkedin Email Whatsapp Whatsapp
Photo by Green on Unsplash
FUND SPECIFIC NEWS/MARKET ANALYSIS
1. NIKKO AM SINGAPORE STI ETF
The Straits Times Index rose 2.91% in December
Singapore stocks turned in gains for December, despite news that the US Federal
Reserve would accelerate the reduction of its monthly bond purchases and
signalling three interest rate hikes in 2022. Anxiety about the Omicron COVID-19
variant also eased, with the Singapore government loosening COVID-19 workplace
restrictions, which will allow 50% of fully-vaccinated employees to return to
the office from 1 January. The city-state is also pressing forward with its
vaccination programme, having extended vaccination to children aged five to 11,
as well as expanding its vaccine booster programme to include those aged 18 to
29.
For the month, the Straits Times Index (STI) grew 2.91% on a total return (TR)
basis in Singapore dollar (SGD) terms. In terms of sectors, financials and
utilities were the best performers, returning 6.53% and 6.38% respectively on a
month-on-month (MoM) TR basis. At the other end of the spectrum, information
technology and industrials were the worst performers, returning -1.08% and
-1.00% respectively (on a TR basis) for the month.
Of the 30 component stocks in the index, DBS Group Holdings, Sembcorp Industries
and United Overseas Bank were the three best performers in December with MoM TR
gains of 9.34%, 6.38% and 5.61% respectively. Conversely, Dairy Farm
International Holdings, Hongkong Land Holdings and Jardine Matheson Holdings
were December’s worst performing STI stocks, with MoM TR losses of 9.87%, 5.32%
and 4.42% respectively.
Sembcorp Industries’ UK unit to build Europe’s largest battery energy storage
system
Singapore-based energy and utilities group Sembcorp Industries announced on 14
December that its wholly owned subsidiary in the United Kingdom (UK)—Sembcorp
Energy UK—plans to construct Europe's largest energy storage system at its
Wilton International industrial site. The development of this 360-megawatt (MW)
battery energy storage system will also make a significant contribution to the
UK’s Net Zero targets by ensuring the resilience of the electricity network and
further facilitate the accelerating growth of renewables. In separate news,
another unit of Sembcorp Industries, Sembcorp Utilities, has teamed up with
Vietnam’s BCG Energy to develop up to 1.5 gigawatts of wind and solar renewable
energy projects in Vietnam. The first phase of the collaboration will involve an
initial investment of US dollar (USD) 30 million to develop a 550 MW portfolio
of nearshore and onshore wind assets across three provinces. Sembcorp Industries
was one of the best performing STI-component stocks in December.
Jardine Matheson upsized its share repurchase programme
In an announcement made on 8 December, Hong Kong-based multinational
conglomerate Jardine Matheson Holdings (JMH) revealed plans to double the amount
of its share buyback scheme to USD 500 million. Previously, JMH launched a share
buyback programme in end-September to repurchase up to USD 250 million of shares
by 30 June 2022. JMH mentioned that it was very close to achieving this target
and reiterated that the purpose of the share buyback plan was to reduce the
capital of the company, in line with Jardine Matheson Group's previously
announced capital allocation policy. Jardine Matheson Holdings was one of the
worst performing STI-component stocks in December.
2. NIKKO AM-STRAITSTRADING ASIA EX JAPAN REIT ETF
Asian REITs had a mixed month
Asian stocks tracked gains in Wall Street during December, despite the US
Federal Reserve saying that it would end its bond-buying programme in March and
signalling three interest rate hikes in 2022 to tackle persistent inflation.
However, easing worries about the impact of the COVID-19 Omicron-variant did
support market sentiment. Overall, regional REITs had a mixed month, with the
FTSE EPRA Nareit Asia ex Japan REITs 10% Capped Index returning 0.81% in SGD
terms for the month. The FTSE ST Real Estate Investment Trusts Index gained
1.63% in SGD terms, while the Hang Seng REIT Index Total Return fell 0.67% in
Hong Kong dollar (HKD) terms. In comparison, general equities in Asia returned
1.27% in US dollar (USD) terms in December, according to the MSCI AC
Asia-ex-Japan index. The US 10-year treasury yields expanded while the Singapore
10-year government bond yield compressed over the month.
At the sector level, specialised and healthcare REITs were the best performers
in December, while retail and office REITs were the worst performers. At the
individual REIT level, Mapletree North Asia Commercial Trust, First REIT and
Keppel DC REIT were the best performers in December. Conversely, Embassy Office
Parks REIT, Sunlight REIT and Manulife US REIT were the worst performers for the
month.
Mapletree North Asia Commercial Trust to merge with Mapletree Commercial Trust
Mapletree North Asia Commercial Trust (MNACT), a Singapore-listed North
Asia-focused REIT, is set to be absorbed by Mapletree Commercial Trust (MCT) via
a proposed merger announced on 31 December. The combined entity, to be named
Mapletree Pan Asia Commercial Trust, will constitute 18 commercial assets across
Singapore, China, Hong Kong, Japan and South Korea, with assets under management
of approximately SGD 17.1 billion. Mapletree’s new flagship commercial REIT is
also expected to have a market capitalisation of around SGD 10.5 billion, making
it one of Asia’s largest REITs. To be completed via a trust scheme, the merger
will see shareholders in MNACT receive a scheme consideration of SGD 1.1949 for
each unit held. MNACT owners can opt to receive either 0.5963 new MCT units at
an issue price of SGD 2.0039 apiece, or a combination of 0.5009 consideration
units and SGD 0.1912 in cash. Mapletree North Asia Commercial Trust was one of
the best performing Asian REITs in December.
Manulife US REIT completed acquisition of three US office properties
Manulife US REIT—Asia’s first pure-play US office REIT—has officially completed
its proposed acquisition of three office park assets in Phoenix and Portland in
the United States, which was first announced at end-November. The three
properties (Tanasbourne Commerce Centre, Park Place and Diablo Technology Park)
were purchased for a combined USD 201.6 million and will boost the REIT’s
exposure to high-growth markets and tenants, especially in the technology and
healthcare sectors. Manulife US REIT’s portfolio occupancy has now increased to
91.3% while the weighted average lease expiry across the enlarged portfolio went
up to 5.2 years. Manulife US REIT will fund its proposed acquisition through a
combination of loans and proceeds from a private placement, which closed at USD
0.649 per unit. Manulife US REIT was one of the worst performing Asian REITs in
December.
3. ABF SINGAPORE BOND INDEX FUND
Singapore Government Securities (SGS) outperformed US Treasuries (USTs) in
December
US Treasuries (USTs) saw yields ended marginally higher at 1.51% in December. US
non-farm payroll printed at 210,000 for the month of November, below market
consensus of roughly 570,000. Despite the downside surprise, the unemployment
rate fell to 4.2% from 4.6%. On the other hand, the CPI surprised on the upside
at 6.8% while US core CPI printed 4.9%. During the December Federal Open Market
Committee (FOMC) meeting, the FOMC announced that it will ramp up the speed at
which it pares its bond purchases which will lead to the end of their
quantitative easing programme a few months earlier than expected. The updated
FOMC projection showed that most officials expect to raise rates about three
times in 2022. Meanwhile, concerns about a new COVID-19 variant (Omicron) rose,
as Omicron-related cases spread rapidly in various countries.
SGS outperformed USTs in December, with 10-year SGS yields down 5 bps to 1.64%.
Long-dated SGS yields rose towards month-end, with the 30-year SGS yield ending
December 17 bps higher at 2.09%, ahead of a busy SGS issuance schedule in
1Q2022, concentrating on mid-dated SGS securities. The outperformance of SGS has
been supported by: (1) a reduction in SGS Market Development (MD) bond duration
supply in 2022, especially in the first half, when no long end (>10 years) SGS
MD auction is scheduled; (2) the Monetary Authority of Singapore’s (MAS) plan to
issue a new long end SGS (Infrastructure) bond around mid-2022 based on market
conditions via debt syndication, which is likely to match demand from structural
investors; and (3) as the MAS allowed the SGD to appreciate by slightly raising
the SGD nominal effective exchange rate (NEER) slope in October 2021, with
expectations of further foreign exchange policy tightening in 2022. Government
bonds underperformed sub-sovereign securities, with the Markit iBoxx ABF
Singapore Govt Total Return (TR) Index returning at -0.22%, compared to -0.01%
monthly returns for the Markit iBoxx ABF Singapore Sub-Sovereigns TR Index.
Property curbs introduced to help cool the housing market
Singapore introduced residential property curbs for the first time since 2018 to
cool a surge in home prices over the past year. This did not come as a surprise,
as the MAS had highlighted elevated leverage risks as rates rise in its 2021
Financial Stability Review. Tighter measures include higher additional stamp
duties (Additional Buyer's Stamp Duty) for second and subsequent properties, as
well as lowering of the total debt servicing ratio (TDSR) from 60% to 55%. The
government also intends to release additional land supply, which should
alleviate the tight market with less than one year worth of supply for the mass
market segment.
Facebook Twitter Linkedin Email Whatsapp Whatsapp
All materials and contents found in this site are strictly for general
circulation and informational purposes only and should not be considered as an
offer, or solicitation, to deal in any of the funds or products found/identified
in this site. While iFAST Financial Pte Ltd ("IFPL") has tried to provide
accurate and timely information, there may be inadvertent delays, omissions,
technical or factual inaccuracies and typographical errors. Any opinion or
estimate contained in this report is made on a general basis and neither IFPL
nor any of its servants or agents have given any consideration to nor have they
or any of them made any investigation of the investment objective, financial
situation or particular need of any user or reader, any specific person or group
of persons. You should consider carefully if the products you are going to
purchase are suitable for your investment objective, investment experience, risk
tolerance and other personal circumstances. If you are uncertain about the
suitability of the investment product, please seek advice from a financial
adviser, before making a decision to purchase the investment product. Past
performance is not indicative of future performance. The value of the investment
products and the income from them may fall as well as rise. Opinions expressed
herein are subject to change without notice. In respect of any matters arising
from, or in connection with the said research analyses or research reports,
recipients of the report are to contact IFPL at 10 Collyer Quay, #26-01 Ocean
Financial Centre Building, Singapore 049315, or by telephone at +65 6557 2853.
Where the report contains research analyses or research reports from a foreign
research house and if the recipient of such research analyses or research
reports is not an accredited investor, expert investor, institutional investor
or an ex-accredited investor, IFPL accepts legal responsibility for the contents
of such analyses or reports to such persons only to the extent as required by
law. Please note that only certain security(ies) herein are available to all
investors, while the rest are only available for certain persons to invest in,
such as Accredited Investors (as defined in the Securities and Futures Act) or
one who invests at least S$200,000 (or its equivalent currency) per transaction.
To qualify as an Accredited Investor, one needs to submit a declaration form and
certain relevant supporting documents, according to iFAST’s prevailing policies
and procedures.
Please read our full disclaimers on the website at (
https://secure.fundsupermart.com/fsm/fsm/disclaimer).
iFAST Financial Pte Ltd (IFPL) (registered address: 10 Collyer Quay #26-01 Ocean
Financial Centre Singapore 049315, Telephone: 6557 2000) holds the Financial
Advisers Licence issued by the Monetary Authority of Singapore ('MAS') to
conduct regulated activities of advising on securities, marketing of collective
investment schemes and arranging of any contract of insurance in respect of life
policies, other than a contract of reinsurance and the Capital Markets Services
Licence issued by the MAS to conduct regulated activities of dealing in
securities and providing custodial services for securities. While IFPL has made
every effort to ensure the independence of the report's contents, IFPL's nature
of business is such that IFPL and its connected and associated entities together
with their respective directors, officers and staff may be involved in providing
dealing or investment-related services in the abovementioned securities, and
have taken or may take positions in the securities mentioned in this report, and
may also act as the principal for any buy or sell trades.
WAYS TO INVEST WITH FSMONE
Why FSMOne
DON'T HAVE AN ACCOUNT WITH US?
Open an account here
NEED FINANCIAL ADVICE?
Make an appointment
LATEST ARTICLES MORE
* Digital Economy: Long-term growth intact, but limited upside
views: 250 Uploaded on: 16 Feb 2022
* 4Q21 Market Report Card – Developed Markets Lead the Way
views: 700 Uploaded on: 08 Feb 2022
* Indian Equities 2022 Outlook – Growth Potential Held Back by Steep Valuations
views: 1140 Uploaded on: 28 Jan 2022
* Global financials: Uptrend to continue on the back of rosier economic outlook
and higher rates
views: 2030 Uploaded on: 24 Jan 2022
* Digital economy: Will rising rates be a whammy for tech stocks?
views: 4364 Uploaded on: 21 Jan 2022
For further assistance, please call our hotline at 6557 2853 from:
8:30am to 10:30pm, (Mondays to Fridays except PH) and
8:30am to 12:30pm, (Saturdays except PH)
NEED FINANCIAL ADVICE?
MAKE AN APPOINTMENT
LIVE CHAT
8:30AM TO 10:30PM, (MONDAYS TO FRIDAYS EXCLUDING PH) AND
8:30AM TO 12:30PM, (SATURDAYS EXCLUDING PH)
EMAIL
clienthelp@fundsupermart.com
MORE QUESTIONS?
Read FAQs
HOME
ABOUT US
* Open an Account
* Login to your holdings page
* Careers
* Privacy Policy
LEGAL
* Disclaimer
* Investment Account Terms & Conditions
* Important Notes for Transactions
* S&P Disclaimer
* CUSIP Disclaimer
* Morningstar Disclaimer
* HKEX Disclaimer
USEFUL LINKS
* Email Us
* Live Chat
* Make an Appointment
* Forgot Your Password?
* Frequently Asked Questions
* Search
* SG
SELECT COUNTRY/REGION
* Hong Kong
* Malaysia
* India
FSM MOBILE APPS
@ 2022. All Rights Reserved. Reg. No. 200000231R
S&P ratings, @ 2022, S&P Capital IQ (and its affiliates, as applicable). All
Rights Reserved.
Copyright @ 2022, American Bankers Association CUSIP Database provided by the
S&P Capital IQ LLC. All rights reserved.
Copyright @ 2022, Market data provided by Cboe One Real-Time Quote, Morningstar
Research Pte. Ltd. & Morningstar Real-Time Data Ltd. All Rights Reserved.
Copyright @ 2022, HKEX market data provided by HKEX Information Services Ltd.
All Rights Reserved.
Powered by iFAST Financial Pte. Ltd. &
*
*
*
*
*
*
We use cookies If you close this message or continue to use this site, you will
consent to the use of Cookies, unless you choose to disable them. Click on our
Privacy Policy to understand more.
*
Feedback
* Live Chat
* Guide
* Open An Account