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New dynamism: Singapore needs a market index without Reits to support passive flows

ETFs a means of riding market’s revitalisation while neutralising risk of picking the wrong companies, abandoning strong performers too early

Ben Paul
Published Sun, May 31, 2026 · 06:03 PM
    • If a new market index is created, it should be explicitly positioned to include companies that list on the Global Listing Board.
    • If a new market index is created, it should be explicitly positioned to include companies that list on the Global Listing Board. PHOTO: BT FILE

    [SINGAPORE] As the Singapore market has become more dynamic, I have increasingly turned to exchange-traded funds (ETFs) to manage my exposure to locally listed stocks.

    Many fundamentally sound stocks that I had purchased years ago – such as ST Engineering , Singapore Exchange (SGX) and OCBC – have rallied so dramatically since the pandemic that they no longer appear all that attractive to me.

    On the other hand, some stocks that I had avoided for years because they appeared to be going nowhere – such as Keppel , Sembcorp Industries and Singtel – have unlocked value and repositioned their businesses, and delivered very strong returns.