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Singapore is into a new era now after opening its door to casinos, which attracted massive foreign direct investments. The small little island poised to grow further boosted by various industry, not only gaming. "The fund enables investors to participate in the growth prospects of Singapore's resilient economy and attractive valuations. Investors can ride on the potential upside of the Singapore dollar over time," said CEO Yeoh Kim Hong. About the fund The fund seeks to achieve capital growth over the medium-to-long term mainly by investing in Singapore stocks, though it may invest up to 30% of its NAV in global markets. As such, the fund will invest in a diversified portfolio of blue chips, index stocks and growth stocks. "The fund would focus on sectors with resilient growth prospects such as banking and finance, properties and real estate investment trusts, consumer, offshore and marine engineering groups, services and commodity sectors," added the CEO. Inves...

Recently, many of my friends asking me why Ringgit suddenly is rising so fast in value? Well, this is not a bad question though for Malaysians. In contrast, for those who working overseas, and converting to Ringgit regularly, would become poorer as a result. In fact, many Malaysians working in Singapore especially, might think that RM is generally weakening against SGD over the long-term. It's TRUE if you are saying since "Dot-Com" burst.  Could this be a turning point now? From the graph above, it shows clearly that the trend of decreasing value of SGD against RM. Reasons being that optimism of Malayisan economy is going to grow faster than many predicted. This has whetted foreign investors' appetite for local assets, including stocks and bonds. World Bank recently raised its forecast for Malaysian economy to grow at a faster rate of 5.7% this year, compared with its earlier forecast of 4.1% made in November. As a result, local equity and bond markets are ...