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Topic: How To Invest

SINGAPORE FUND $7.10 – New York symbol SGF

SINGAPORE FUND $7.10 (New York symbol SGF; Shares outstanding: 9.5 million; Market cap: $67.3 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. When these markets recover, Singapore’s prospects should improve.

Singapore Fund’s top holdings are: Singapore Telecom, 14.7%; United Overseas Bank, 13.2%; Overseas-Chinese Banking, 8.9%; Singapore Airlines, 5.3%; Singapore Technologies Engineering (aircraft support services), 4.7%; Jardine Matheson (various industries), 4.7%; Keppel (various industries), 4.2%; Singapore Press Holdings (newspapers), 3.7%; Wilmar International (agribusiness), 3.5%; and SMRT (Singapore public transit), 3.3%.

The fund holds stocks in the following major industries: financial services, 24.1%; telecommunications, 16.2%; conglomerates, 7.2%; property development, 7.1%; air transport, 5.3%; and shipyards, 5.3%.

The Singapore Fund sells for 9% less than the value of its assets. Buy.

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