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Singapore equities outperform regional peers in 1H17
STI has climbed around 13%.
CNBC reported that the search for yield has turned many investors' attention to emerging Asia, with China, India and Indonesia often featured as preferred investment picks. But Amundi Asset Management has thrown a surprising name into the hat: Singapore.
Equities in the Southeast Asian city-state have outperformed many of their regional peers in the first half of 2017, said Chan Hock Fai, director for investment at Amundi.
So far this year, Singapore's benchmark index, the Straits Times Index (STI), has climbed around 13%. beating the 10% gain in Indonesia's Jakarta Composite Index and the 2 percent increase in the Shanghai Composite Index. Concurrently, it lagged the 15% rise in India's Sensex.
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