iShares MSCI Singapore ETF (EWS)
| Assets | $543.18M |
| Expense Ratio | 0.50% |
| PE Ratio | 13.51 |
| Shares Out | 24.45M |
| Dividend (ttm) | $0.89 |
| Dividend Yield | 4.01% |
| Ex-Dividend Date | Jun 11, 2024 |
| Payout Ratio | 54.12% |
| 1-Year Return | +20.44% |
| Volume | 241,434 |
| Open | 22.17 |
| Previous Close | 22.07 |
| Day's Range | 21.97 - 22.17 |
| 52-Week Low | 17.22 |
| 52-Week High | 22.43 |
| Beta | 0.75 |
| Holdings | 22 |
| 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
77.57% of assets| Name | Symbol | Weight |
|---|---|---|
| DBS Group Holdings Ltd | D05 | 21.87% |
| Oversea-Chinese Banking Corporation Limited | O39 | 18.52% |
| Sembcorp Industries Ltd | U96 | 4.89% |
| Grab Holdings Limited | GRAB | 4.87% |
| Sea Limited | SE | 4.76% |
| Singapore Telecommunications Limited | Z74 | 4.57% |
| Singapore Airlines Limited | C6L | 4.55% |
| Wilmar International Limited | F34 | 4.55% |
| Keppel Ltd. | BN4 | 4.52% |
| Singapore Exchange Limited | S68 | 4.46% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jun 9, 2022 | $0.27638 | Jun 15, 2022 |
| Dec 13, 2021 | $1.00316 | Dec 17, 2021 |
News
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.