Singapore Net Institutional Fund Inflows In 3Q22 Led by DBS & OCBC Bank
The STI’s 2.4% total return in 3Q22 was mainly driven by the trio of DBS, OCBC and UOB, which averaged a 7.3% total return over the quarter. The trio saw S$969 million of combined net fund inflows with the net fund inflows to DBS and OCBC more than offsetting the net fund outflows booked by UOB. The Sectors that saw the next highest net fund inflows in 3Q22 were Telecommunications and Consumer Cyclicals. This was mostly driven by SingTel, and Consumer Cyclical sector driven by Genting Singapore, Jardine C&C and The Hour Glass.