iShares MSCI Singapore ETF (EWS)
| Assets | $882.12M |
| Expense Ratio | 0.50% |
| PE Ratio | 16.56 |
| Shares Out | 30.75M |
| Dividend (ttm) | $1.04 |
| Dividend Yield | 3.67% |
| Ex-Dividend Date | Jun 16, 2025 |
| Payout Frequency | Semi-Annual |
| Payout Ratio | 60.22% |
| Volume | 847,625 |
| Open | 28.66 |
| Previous Close | 28.81 |
| Day's Range | 28.33 - 28.66 |
| 52-Week Low | 20.08 |
| 52-Week High | 29.65 |
| Beta | 0.67 |
| Holdings | 23 |
| Inception Date | Mar 12, 1996 |
About EWS
Fund Home PageThe iShares MSCI Singapore ETF (EWS) is an exchange-traded fund that is based on the MSCI Singapore 25-50 index, a market-cap-weighted index of Singaporean firms, covering top 85% of the market subjected to diversification requirements. EWS was launched on Mar 12, 1996 and is issued by BlackRock.
Top 10 Holdings
76.43% of assets| Name | Symbol | Weight |
|---|---|---|
| DBS Group Holdings Ltd | D05 | 20.61% |
| Sea Limited | SE | 13.65% |
| Oversea-Chinese Banking Corporation Limited | O39 | 9.07% |
| Grab Holdings Limited | GRAB | 5.03% |
| Keppel Ltd. | BN4 | 5.01% |
| Yangzijiang Shipbuilding (Holdings) Ltd. | BS6 | 4.96% |
| CapitaLand Ascendas REIT | A17U | 4.59% |
| Singapore Exchange Limited | S68 | 4.57% |
| Singapore Telecommunications Limited | Z74 | 4.54% |
| Singapore Technologies Engineering Ltd | S63 | 4.39% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 16, 2025 | $0.45905 | Jun 20, 2025 |
| Dec 17, 2024 | $0.58408 | Dec 20, 2024 |
| Jun 11, 2024 | $0.35089 | Jun 17, 2024 |
| Dec 20, 2023 | $0.53436 | Dec 27, 2023 |
| Jun 7, 2023 | $0.68026 | Jun 13, 2023 |
| Dec 13, 2022 | $0.20511 | Dec 19, 2022 |
Performance
EWS had a total return of 36.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.75%.
News
EWS: Singapore Stocks Staging A Strong 2025 Rally, P/E Still Attractive
iShares MSCI Singapore ETF (EWS) has surged 33% year-to-date, outperforming US stocks and regional peers, driven by strong momentum and a weaker US dollar. EWS offers exposure to large and mid-cap Sin...
Singapore's Central Bank Leaves Monetary Policy Untouched As Tariffs Loom
Singapore's central bank has kept its policy band unchanged after easing policy in its last two meetings, as the city-state continues to face risks from looming U.S. tariffs.
APAC Equities: The Sensitivity To Oil Prices
Among APAC equity markets, Australia has a higher beta to oil prices while India, Indonesia and Thailand have lower betas. Domestic political uncertainties have been one main reason for the decoupling...
EWS: Singapore Offers Solid Valuations And A Potential Safe Haven
Singapore's stable, innovative economy and prudent governance make EWS a relatively safe investment with solid long-term upside, despite recent strong gains limiting near-term potential. EWS offers ge...
EWS: Singapore Stock Market Looks Less Attractive Than Its Wider Economy
EWS has outperformed the S&P 500 recently, sparking interest in Singapore's innovative economy. Despite these recent gains, EWS's long-term returns are lackluster, with only 151% in total return over ...
Investing In Singapore Is A Great, High-Risk Opportunity
EWS offers a 3.92% dividend yield and has shown strong momentum, gaining over 10% in 6 months and over 30% in a year. Singapore's robust economic indicators, including 5% GDP growth, low inflation and...
Singapore Banks Expect Wealth Management, Loans To Drive Earnings Momentum
Singapore's three largest banks expect wealth management and growing loan portfolios to drive earnings in 2025 after they posted strong earnings growth in the third quarter. DBS Group Holdings Ltd.
EWS: This Singapore ETF Offers A Good Dividend Yield, But Caution Prevails
EWS offers broad exposure to Singapore and Southeast Asia with an attractive dividend yield, but global economic uncertainties warrant a Hold stance. Key components like DBS Group and OCBC show strong...
China Outperforms The Rest Of The World
Shanghai CSI 300 has gone from a 52-week low to a 52-week high in only a couple of weeks. Other than China and Hong Kong, Australia is the only other international market starting the week at a 52-wee...
EWS: The Only Choice
International investing with single country ETFs like iShares MSCI Singapore ETF is favored at this point of the cycle. Singapore offers business-friendly tax policies and government incentives for in...
EWS: Not Sold Despite High Income Potential
iShares MSCI Singapore ETF tracks the MSCI Singapore Index, focusing on mid and large-cap stocks, with $439M in assets. It has a notable yield profile at 6.4% TTM. EWS is heavily weighted in the finan...
EWS: Singapore Yields Up To 7% But Remains Relatively Unattractive
Singapore continues to be a beacon of resilience in Southeast Asia. Yet, the underlying earnings growth remains quite unimpressive. At current valuations, Singapore equities don't offer compelling val...
EWS ETF: Not The Most Exciting Option Around
Over the past year, EWS has lost 6% of its value, whilst global stocks have gained 14%. Amongst all the ASEAN regions, Singapore offers the weakest growth outlook.
ASEAN Economic Outlook In 2024
The total nominal GDP of the ten ASEAN nations measured in US dollar terms amounted to USD 3.6 trillion in 2022, more than doubling compared with total GDP of USD 1.6 trillion in 2009. Singapore's GDP...
EWS: Fundamental Headwinds To Outweigh The Attractive 5% Yield
From an income perspective, you'd be hard-pressed to look beyond the well-covered 5% yield offered by iShares' MSCI Singapore ETF. Yet, capital growth, including dividends, continues to be lackluster ...
Singapore's Economic Growth Improves In Q3 2023
Singapore's economic growth in 2023 has slowed compared to 2022, with contracting manufacturing output and exports being a key factor. The service sector is expected to be more resilient, driven by th...
EWS: Beware The Singaporean Income Trap
Helped by its bank concentration, the iShares MSCI Singapore ETF is on track to become the highest-yielding ETF in Southeast Asia. Owning a bank-heavy fund into a peaking monetary tightening phase and...
Singapore Narrowly Averts Recession In First Half Of 2023
Singapore's Q2 GDP estimate for 2023 was revised down to 0.5% yoy compared with the advance estimate of 0.7% yoy. The service sector economy is expected to be more resilient, boosted by the continued ...
STI index: Is it safe to buy Singapore stocks as they underperform?
The Strait Time Index (STI) index has underperformed its global peers as concerns about Singapore slowdown continues. The index, which tracks the biggest companies in Singapore, was trading at S$3,245...
EWS: Singaporean Equities May Be Poised For A Reversal
Singapore has been a beacon of resilience in Southeast Asia. But this year's macro shift isn't as favorable to Singaporean equities. The iShares MSCI Singapore ETF could be poised for underperformance...
EWS: FY 2022 Review
BlackRock's iShares MSCI Singapore ETF is up 9% since our last analysis. Singapore is still a good proxy for growth in Asia and most companies offer solid balance sheets and trustworthy management.
Singapore Manufacturing Output Weakens In Early 2023
The near-term outlook is expected to remain constrained by weak demand in several important export markets for manufacturers. Bank charges, raw materials, and transportation costs continued to rise, w...
EWS: Lion City Roaring Into 2023
The iShares MSCI Singapore Capped ETF has underperformed global benchmarks over recent years, due largely to the bursting of bubbles in two tech stocks that had heavy weightings in the index. These st...
Singapore Economic Expansion Moderates As Global Economy Slows
The Singapore economy grew at a pace of 3.8% year-on-year in 2022, helped by the significant easing of pandemic-related restrictions. Latest statistics from Singapore's Economic Development Board show...
Singapore To Feel Impact From Slowing Trade
Industrial production and exports have been weighed down by softer demand from China and the rest of the world. Relatively high inflation should cap household consumption next year as overall economic...
Amid 2022's Equity Pain, Southeast Asia Has Been An Overlooked Gem
Against the challenging environment and increasingly dimming economy globally in 2022, Southeast Asian countries represent a rare part of the world that have delivered impressive resilience. The heavi...
iShares MSCI Singapore ETF: Not Too Compelling
Singapore does not have the greatest growth outlook, whilst domestically-driven inflation is expected to remain sticky. The risk-reward on the standalone chart looks appealing.
ASEAN Foreign Direct Investment Inflows Reach Record High
Key drivers for rising FDI inflows into Southeast Asia include diversification of manufacturing supply chains by multinationals, as well as new investments to tap rapidly growing consumer markets in A...
Singapore Manufacturing Sector Moderates As Global Headwinds Bite
The Singapore economy grew at a pace of 4.4% y/y in the second quarter of 2022, after growth of 3.8% y/y in the first quarter of 2022. Singapore's manufacturing output growth slowed to just 0.5% year-...
Asian Exports Are Softening
Non-China Asian exports are still growing, but the pace of increase has slowed and will slow still further as key export destinations struggle with inflation, energy security, and rising recession ris...
EWS: 2022 Mid-Year Review
BlackRock's iShares MSCI Singapore ETF has come down 7% since my call to hold. A mismatch in yield between 70% of their holdings' actual dividend and what EWS offers is worth investigating.
Singapore: A Safe Haven For Straitened Times?
Singapore stocks are treated as a "safe haven" amidst the uncertain global outlook. The prominence of value-oriented industries such as Financials and Real Estate comprising the STI makes for an index...
iShares MSCI Singapore Capped ETF: High Quality And High Yield
Singapore looks well-positioned to benefit from the loosening of China's lockdown restrictions. The cost of living in Singapore may be high but wage growth levels are compelling as well.
EWS: Still Solid As A Rock
BlackRock's iShares MSCI Singapore ETF holds a small portfolio of mostly blue chip companies. As with all market weighted ETFs, it will include companies which are neither profitable nor attractive in...
Hong Kong (EWH) Versus Singapore (EWS) Stock Market - Where To Invest
Asia is my favorite investment ground within the emerging markets. But there are as many different nuances within Asia as there are in Americas. Which one to choose?
EWS: Singaporean Equities Are Inexpensive But Unlikely To Outperform
EWS invests in Singaporean equities. Unfortunately, while Singapore is a developed economy, its equity market is not nearly as developed as the U.S. equity market.
ASEAN Manufacturing Rebounds In October, RCEP Ratification Boosts Longer-Term Economic Outlook
The ASEAN region has shown a strong rebound in manufacturing output during October. As a result of the severe negative impact of the COVID-19 pandemic and widespread lockdowns and travel bans, many AS...
EWS: Singapore Is A Dull But Fairly Safe Stock
Singapore with its currency and stock market is often seen as a safe place to park your money. The stock market in Singapore has lagged the market in the U.S. in the past.
EWS: Singaporean Equities Are Inexpensive But Cyclically Vulnerable
Singaporean stocks are highly concentrated, especially to cyclical sectors, most importantly Financials. With profit margins thin and low earnings growth projected by analysts, it is difficult to perc...
EWS: Singaporean Equities Offer Diversification Value, But Upside Potential Is Moderate
EWS is a relatively popular fund used to express a single-country view on Singapore. Singaporean equities have underperformed historically. While the current valuation looks appealing, the opportunity...
EWS: Overlooked Value Opportunity
Singapore has one of the highest GDP per capita in the world, a strong currency backed by foreign reserves, and the potential to expand real GDP by 5% in 2021. EWS's underlying index - the MSCI Singap...
Singapore's Economy Faring Better Than Expected Amid Pandemic
Singapore's economy contracted 5.8 percent in 2020, better than the government's prior forecast of a decline of 6 to 6.5 percent, according to CNBC. Singapore implemented stringent lockdown measures l...
Singapore: Manufacturing Holds Back Recovery In Q4 2020
Data from Singapore's advance estimate of GDP for the fourth quarter of 2020 showed the year-on-year GDP contraction moderating to -3.8% in 4Q from -5.6% in 3Q. Quarter-on-quarter growth continued to ...
EWS: Ideally Placed For Financial Sector Recovery
Singapore stocks have broken out to the upside with the help of positive coronavirus vaccine news and stand well-placed to benefit from a recovery in global risk appetite. The iShares MSCI Singapore C...
Singapore Remains Resilient To Pandemic Shocks
PMI hints at rebound in economic activity in third quarter...
EWS: Singapore Stocks An Attractive Dividend Opportunity
The Singapore stock market offers a great example of where loose monetary policy has failed to prevent prospective returns from rising to attractive levels.