http://www.fundsupermart.com/main/research/viewHTML.tpl?articleNo=3710
<TABLE cellSpacing=0 cellPadding=2 width="100%"><TBODY><TR><TD class=articlepg_title>The FSM S$50,000 Bet on the STI</TD><TD class=articlepg_date vAlign=top>September 22, 2009</TD></TR><TR><TD class=articlepg_stand1st colSpan=2>Read on to find out how this bet works.</TD></TR><TR><TD class=articlepg_authorname colSpan=2>Author : Fundsupermart.com</TD></TR><TR><TD colSpan=2><HR class=line noShade></TD></TR><TR><TD class=articlepg_bdtext colSpan=2>
<LINK rel=stylesheet href="http://www.fundsupermart.com/main/articleFiles/webarticles/fsmarticle_en.css"><STYLE type=text/css><!--.bdtext { text-align: justify;}.bdtext { text-align: justify; font-family: Arial, Helvetica, Geneva, sans-serif;}.asd { text-align: center;}.asd { text-align: center;}.asd { text-align: center;}.bdtext1 { text-align: justify;}.bdtext1 { text-align: justify; font-family: Arial, Helvetica, Geneva, sans-serif;}--></STYLE><TABLE width="100%"><TBODY><TR><TD>Fundsupermart.com (Singapore), the leading online distributor of unit trusts in Singapore, is putting its money where its mouth is.
To demonstrate the strong conviction underlying its research view on the Singapore market, Fundsupermart.com will donate S$50,000 to a local charity if the FTSE Straits Times Index (STI) does not hit the forecast level of 3,600 points at any time from today till the end of 2011.
How this bet works: from 15 September 2009 till 31 December 2011, if the STI does not breach the forecast level of 3,600 points (based on the closing level of the index) Fundsupermart.com will donate the full sum of S$50,000 to a local charity. But if the STI hits the forecast level of 3,600 points before 31 December 2011, Fundsupermart.com will still make a donation of the profits derived from investing the S$50,000 in a Singapore equity unit trust, to a charity approved by IRA (which will be named on a later date).
The Singapore two equity unit trusts that Fundsupermart.com will invest S$50,000 into will be the SGAM Singapore Dividend Growth and Aberdeen Singapore Equity Fund.
Mr. Wong Sui Jau, General Manager of Fundsupermart.com in Singapore and Malaysia, is confident that the Singapore economy will recover in due time and we will still see a continuous uptrend for the stock market in the months to come.
“Investors have always been wary of what analysts are saying and do not know who and what to believe in. We are putting our money where our mouth is; this move is to show conviction in our research-based investment call.
We believe that earnings are understated at this point in time as most estimates were made based on a very distressed outlook on the Singapore economy. As the economy recovers, earnings will surprise on the upside. We expect that on average, earnings of Singapore-listed companies will grow 28.9% in 2010 and 13.7% in 2011. This forms a large part of our conviction that the STI index can hit 3,600 by the end of 2011.
The two Singapore equity funds that we will be putting our money into will be the Aberdeen Singapore Equity Fund and the SGAM Singapore Dividend Growth Fund. We are picking these two funds because we feel that they are in the top quartile among their peers and have delivered consistent and strong performance over the various years. We are confident that they will continue to give good returns in the event the STI continues to move on an uptrend.”
Apart from the Singapore market, the Fundsupermart.com research team is also positive on the outlook for the Hong Kong and China markets.
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<TABLE cellSpacing=0 cellPadding=2 width="100%"><TBODY><TR><TD class=articlepg_title>The FSM S$50,000 Bet on the STI</TD><TD class=articlepg_date vAlign=top>September 22, 2009</TD></TR><TR><TD class=articlepg_stand1st colSpan=2>Read on to find out how this bet works.</TD></TR><TR><TD class=articlepg_authorname colSpan=2>Author : Fundsupermart.com</TD></TR><TR><TD colSpan=2><HR class=line noShade></TD></TR><TR><TD class=articlepg_bdtext colSpan=2>
<LINK rel=stylesheet href="http://www.fundsupermart.com/main/articleFiles/webarticles/fsmarticle_en.css"><STYLE type=text/css><!--.bdtext { text-align: justify;}.bdtext { text-align: justify; font-family: Arial, Helvetica, Geneva, sans-serif;}.asd { text-align: center;}.asd { text-align: center;}.asd { text-align: center;}.bdtext1 { text-align: justify;}.bdtext1 { text-align: justify; font-family: Arial, Helvetica, Geneva, sans-serif;}--></STYLE><TABLE width="100%"><TBODY><TR><TD>Fundsupermart.com (Singapore), the leading online distributor of unit trusts in Singapore, is putting its money where its mouth is.
To demonstrate the strong conviction underlying its research view on the Singapore market, Fundsupermart.com will donate S$50,000 to a local charity if the FTSE Straits Times Index (STI) does not hit the forecast level of 3,600 points at any time from today till the end of 2011.
How this bet works: from 15 September 2009 till 31 December 2011, if the STI does not breach the forecast level of 3,600 points (based on the closing level of the index) Fundsupermart.com will donate the full sum of S$50,000 to a local charity. But if the STI hits the forecast level of 3,600 points before 31 December 2011, Fundsupermart.com will still make a donation of the profits derived from investing the S$50,000 in a Singapore equity unit trust, to a charity approved by IRA (which will be named on a later date).
The Singapore two equity unit trusts that Fundsupermart.com will invest S$50,000 into will be the SGAM Singapore Dividend Growth and Aberdeen Singapore Equity Fund.
Mr. Wong Sui Jau, General Manager of Fundsupermart.com in Singapore and Malaysia, is confident that the Singapore economy will recover in due time and we will still see a continuous uptrend for the stock market in the months to come.
“Investors have always been wary of what analysts are saying and do not know who and what to believe in. We are putting our money where our mouth is; this move is to show conviction in our research-based investment call.
We believe that earnings are understated at this point in time as most estimates were made based on a very distressed outlook on the Singapore economy. As the economy recovers, earnings will surprise on the upside. We expect that on average, earnings of Singapore-listed companies will grow 28.9% in 2010 and 13.7% in 2011. This forms a large part of our conviction that the STI index can hit 3,600 by the end of 2011.
The two Singapore equity funds that we will be putting our money into will be the Aberdeen Singapore Equity Fund and the SGAM Singapore Dividend Growth Fund. We are picking these two funds because we feel that they are in the top quartile among their peers and have delivered consistent and strong performance over the various years. We are confident that they will continue to give good returns in the event the STI continues to move on an uptrend.”
Apart from the Singapore market, the Fundsupermart.com research team is also positive on the outlook for the Hong Kong and China markets.
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