Singapore ADR Stocks !!

Singapore stocks are performing well for the past few years. This is due to the country’s thriving economy, good government that offers stability and supports free market policies, well educated citizenry etc.

My earlier post on Singapore talked about some of the advantages of Singapore such as its strategic location, presence of most of the world’s top banks etc.You can find that article titled “Singapore – Your next investment destination !!”

Along these lines recently, Barron’s had an article titled “Singapore: the New Switzerland”. In this Assif Shameen writes that:

“China is creating 30,000 new millionaires every year, and India, Indonesia, Taiwan, Korea aren’t too far behind,” says Justin Ong, a partner at PricewaterhouseCoopers in Singapore. “We need an army of well-trained private bankers to help manage their wealth.”

He quotes another interesting fact:

In all, the number of private banks in Singapore has increased from just 20 in 2000 to 42 today, while private- banking assets have grown six-fold from $50 billion in 1998 to over $300 billion, according to Citigroup.”

You can read the full article here:

All the above stories, make Singapore a worthy investment destination. There are quite a few Singapore ADR stocks in the US. All of them are traded in the OTC market (Pink Sheets). So they may be illiquid.

The following is the complete list of all the Singapore ADRs:

CapitaLAnd –
City Developments –
Cosco –
Del Monte Pacific –
Flextech –
Grand Banks Yachts –
Keppel –
Neptune Orient Lines –
Raffles Medical –
Singapore Telecommunications –
Stamford Land –
United Overseas Bank –
UOL Group –
Xpress Holdings –

If you rather pick up a basket of securities, then iShares MSCI Singapore – EWS – might the best option for you. Has over $2B in assets and an yield of over 3.5%.

Another choice is closed-end fund called “The Singapore Fund” – SGF.This is a small fund with just over $140M in assets.

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