Mr. Kam: The Singapore Fund is a Singapore-focused, close-ended fund with the flexibility to invest a certain portion of its assets outside of Singapore, particularly in the ASEAN region including Malaysia, Thailand, Indonesia and Philippines. Our investment philosophy is very much bottom-up focused. We focus on looking for companies with attractive growth prospects and trading at reasonable valuations. We construct our portfolio based on a basket of stocks that we feel demonstrate the ability to surprise earnings on the upside of consensus expectations.
TWST: What type of companies do you invest in? Are they mostly Singapore-listed companies?
Mr. Kam: The bulk of the assets are invested in Singapore-listed companies. We have a certain portion that varies from time to time to be invested outside of Singapore in those countries I just mentioned. At one time, the fund has about up to 15% invested in stocks outside of Singapore exchange, and balance of the fund, which is about 80% to 90%, invested in Singapore-listed companies. We took a very opportunistic approach when investing in stocks outside of Singapore, as the benchmark of the fund is Singapore stock index.
Tickers included in this excerpt: 5DN.SIN, SGAPY.PINK, V03.SIN
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