Equity funds gained $2b in inflows this year.
According to Bloomberg, Singapore’s stock market is finally getting some love again.
With almost two months of the year to run, the Straits Times Index has already notched up its best annual performance since 2012 amid an economic recovery and a stronger currency.
The city-state’s equity funds received some $2 billion in 10 straight months of inflows, the most annually since 2007, according to data from asset allocation tracking company EPFR Global. That’s more than the combined inflows of the past five years and the longest monthly rally since mid-2013, the data show.
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