Barrons has caught onto the opportunity in Singapore and subscribers of the WSJ or Barrons can access the article here
http://online.barrons.com/article/SB117107263446404444.html?mod=barrons_yahoo_hs&ru=yahoo
According to Felix Zulauf, head of Zurich-based Zulauf Asset Management and a member of Barron's Roundtable: "I think it will become the offshore financial center of Asia." He picked the Singapore ETF as "a classic way to play the rise of Asia, and the mania I see coming"
There are 2 ways I have found to invest in Singapore right now, if you find others, please share.
This is through the Singapore Fund (NYSE: SGF) and the MSCI Singapore Fund (NYSE: EWS). they are up huge already with EWS rallying 42% in 2006 and SGF rallying 64%. I am long SGF and still liking it, especially after hearing Zulauf say "Although the ETF's recent surge makes it vulnerable to a short-term correction, it has the potential to roughly double by 2010."
There is alot more in the Barron's article and I encourage you to read it.
Other promising signs of growth:
After expanding by 7.9 percent last year, Singapore raised its GDP forecast to the range of 4.5 to 6.5 percent this year. Read about it here:
www.taipeitimes.com/News/worldbiz/archives/2007/02/15/2003349158
To help boost the economy even more, Singapore has announced plans to cut their corporate tax rate by 2 percent to 18%
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/258756/1/.html
This has pushed the Singapore fund to a new 52 week high today
http://www.google.com/finance?q=SGF
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1 comment:
I really like your blog and I hope you keep up with it. You picked a very interesting and underserved topic. I would like to include a link to your blog on our site sometime in the future, feel free to do the same or to use any of our resources.
Zach Huddleston
www.asiaeconomicinstitute.org
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