Thursday, February 15, 2007

Barrons Calls Singapore the Safest Route to Asia's Riches

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

1 comment:

Unknown said...

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