MSCI Singapore Index at 18M High with Participation Records
The MSCI Singapore Index (“SiMSCI Index”) ended yesterday at 358.3, which is a 18 month high and a 27% recovery from its February 2016 low. The SIMSCI Index has delivered a 14% YTD total return and been amongst the leading performers amongst key Asian indices. Half of the SiMSCI Index constituents have recently reported 1Q17 earnings. In addition, a slew of dividend distributions last week have seen the discount of the May SiMSCI Futures to the underlying SiMSCI Index narrow by 2.0 points.