ASEA - EWS ETF: Not The Most Exciting Option Around
2024-02-08 16:34:21 ET
Summary
- Over the past year, EWS has lost 6% of its value, whilst global stocks have gained 14%.
- Amongst all the ASEAN regions, Singapore offers the weakest growth outlook.
- EWS's top holdings which are all banks are staring at an underwhelming earnings outlook for FY24.
Introduction
The iShares MSCI Singapore ETF ( EWS ), with 28 years of trading history, is an investment vehicle that offers exposure to 22 large-and-mid-cap stocks in the Singaporean equity market. Over the past year, EWS hasn’t fared too well, witnessing a contraction of mid-single-digits, whilst other global stocks have delivered returns of 14%....
EWS ETF: Not The Most Exciting Option Around