The Straits Times Index (STI) on Track to Rank As Most Defensive Global Benchmark in 2022
The STI outperformance to the FTSE Developed Index was consistent throughout the year, in part due to the Technology Sector weighing the global stock market from the outset. The STI’s technology exposure is limited to Venture Corporation (SGX:V03). The STI’s 7% USD total return for 2022 through to 16 Dec, compared to 18% and 17% declines in USD total return for the FTSE Developed Index and FTSE Emerging Index.