Finalto Adds SGISGD - MSCI Singapore Index to its Platform

Finalto is pleased to announce the addition of SGISGD - MSCI Singapore Index to its trading platforms.

The addition of the index marks another milestone in Finalto’s expansion into the Asia market in the past year. Since it opened the Finalto office in 2019, the company has been building its presence in the region to provide the very best service to clients.

However, it’s not just the Asian market that will be interested in the addition of SGISGD - MSCI Singapore Index.

The MSCI Singapore Index was created to measure the performance of the large and mid-cap segments of the Singapore market. Made up of 20 constituents, the index covers around 85% of the free float-adjusted market capitalisation of Singapore equity.

The addition of the MSCI Singapore Index to our platform lets our clients get exposure to Singapore’s economy with a single position.

“It’s not been an easy time for global equity markets in 2022. Driven by inflation, rising bond yields and worries about a global economic slowdown, investors have been de-risking portfolios by reducing exposure to equities,” said Neil Wilson, Finalto’s Chief Market’s Analyst.

“Singapore is, however, looking in a much better shape than many developed markets and its stock market reflects this healthy outlook. Shares on the STI have outperformed most major markets in the first half of the year, trading virtually flat to slightly positive in the first six months.”

He added that in a global economy that seems to be destabilised by inflation and recession, Singapore is looking increasingly attractive.

“Singapore’s economy is not at risk of recession or stagflation at this stage, according to finance minister Lawrence Won, and investors are looking favourably on the country as a destination for capital. Even post-covid amid the turmoil in global markets this is a roaring Asian tiger.”

To find out more information about the extensive offering from Finalto contact sales@finalto.com