S$ bond index outperforms STI so far in 2015
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Singapore
A BOND index created by the Singapore Exchange (SGX) and Reuters tracking Singapore-dollar denominated bonds continues to hit new highs, outperforming the Straits Times Index (STI) for the week ended Jan 9, 2015.
The Singapore Fixed Income Indices (SFI) has gained 0.66 per cent to hit 120.32 points for the year to Jan 9, compared to a 0.79 per cent loss for the STI, said SGX in a weekly note. However, over the longer term, stocks still come out ahead. The SFI is based at 100 points at end-2008. The STI has roughly doubled since end-2008.
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