The Edge Singapore’s 10-stock portfolio records a decent return but lags market

(Aug 14): When The Edge Singapore put together a list of 10 stock picks in January, global equity markets were in euphoria after Donald Trump shocked the world by winning the US presidential election. Expectations were high that Trump would initiate major infrastructure spending, tax cuts and deregulation. But his election promises have yet to be realised.

Instead, Trump has made headlines for all the wrong reasons. And confidence that he will be able to deliver on any of his campaign promises is waning. Yet, equity markets — both in the US and around the world — have continued to rally, driven by improving economic growth.

The optimism has lifted many counters, but it has been particularly helpful for the property and finance sectors. Expectations of higher interest rates as central banks react to better economic data have benefited the three local banks. And the local property market is seen as being on the cusp of a rebound.

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