SINGAPORE FUND $11.65

SINGAPORE FUND $11.65 (New York symbol SGF; Shares outstanding: 9.5 million; Market cap: $110.7 million; CWA Rating: Aggressive) is fully invested in Singapore-based stocks. The Development Bank of Singapore manages the fund. Singapore relies on exports for much of its growth. Major markets, like the U.S., China and Japan, are important to its economy. As these markets recover, Singapore’s prospects should improve. The $106.5-million Singapore Fund’s top holdings are: Singapore Telecom, 12.8%; United Overseas Bank, 9.8%; Overseas-Chinese Banking, 8.8%; Jardine Matheson (various industries), 5.2%; Hong Kong Land Holdings (property), 4.9%; Singapore Exchange (Singapore stock exchange), 4.4%; Wilmar International (agribusiness), 4.2%; Keppel (various industries), 3.7%; Capitaland (property), 3.6%; and City Developments (property), 3.5%. The fund holds stocks in the following major industries: property development, 18.9%; banks, 18.6%; telecommunications, 12.8%; shipyards, 6.6%; food, beverages and tobacco, 5.4%; conglomerates, 5.2%; electrical products and computers, 5.0%; diversified financial, 4.4%; health and personal care, 4.2%; and communications and media, 3.1%. Singapore Fund is up 105.8% since its March 2009 low of $5.66. The fund sells for 11.4% less than the value of its assets. Its MER is 1.82%. Singapore Fund is a buy.

A professional investment analyst for more than 30 years, Pat has developed a stock-selection technique that has proven reliable in both bull and bear markets. His proprietary ValuVesting System™ focuses on stocks that provide exceptional quality at relatively low prices. Many savvy investors and industry leaders consider it the most powerful stock-picking method ever created.