Why Jupiter’s Apac income fund overweights Singapore stocks
The asset manager has identified stocks in the Republic that have enough liquidity, as well as earnings and dividend growth potential
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[SINGAPORE] Investors, local and international alike, may lament Singapore-listed stocks’ poor growth potential and lack of liquidity, but Jupiter Asset Management has found a few good reasons to be overweight Singapore.
Geographically, 17.8 per cent of the Jupiter Asia Pacific Income Fund was allocated to Singapore firms as at Oct 31. Taiwanese stocks made up 29.9 per cent of the fund, and Australian companies, 23.6 per cent.
In comparison, the benchmark MSCI AC Asia Pacific ex Japan Index (USD) has 28.23 per cent Chinese stocks, 20.11 per cent Taiwanese, 14.96 per cent Indian, 12.81 per cent Australian, and 12.67 per cent South Korean. Singapore is only a part of the remaining 11.22 per cent of the index.
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