Approximately 1 year ago, I wrote an article, saying two
markets were screaming buys if investors could hold for a year.
The date was 22 November 2011; the call was 22 November was
an attractive entry point for Singapore and Hong Kong, and in Asia ex Japan equity
markets. I’d like to say I did deep economic analysis of the markets, but it
was based mostly on valuations.
Since 22 November, all three markets have shown 10%+
returns.
The Hang Seng Index, representing the Hong Kong market, is up 15.81%, in HKD terms. Meanwhile, closer to home, the STI is known to be the boring sister to the HSI…
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| Image credit: http://finance.yahoo.com |
…but that didn’t stop her from putting in 11.9% returns
since 22 Nov 2011 in SGD terms.
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| Image credit: http://finance.yahoo.com |
In USD terms, the MSCI Asia ex Japan (represented by its iShares
ETF) returned 13.3%.
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| Image credit: http://finance.yahoo.com |
Like I mentioned, there wasn't a whole lot of intelligence
behind this decision – it’s essentially a look at valuations, which, at the
time, were way low. Maybe it’s blind luck, but it’s always nice to know I’m
right. This time anyway.
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