Singapore is emerging as one of Southeast Asia's most compelling investment destinations as sweeping capital market reforms create new opportunities for investors seeking to diversify beyond technology and artificial intelligence (AI) stocks, says One Asset Management.Chief executive Pote Harinasuta said global investors are increasingly concentrated in technology and AI-related companies, leaving portfolios exposed to greater volatility.
By contrast, Singapore's stock market offers a more defensive investment profile, underpinned by strong economic fundamentals and its role as Asia's leading financial hub.
Singapore's economy has expanded at an average annual rate of 4.8% since 2000, outpacing global GDP growth of 3.5%.
Inflation remained low at 1.4% in April, while the Singapore dollar recently strengthened to an 11-year high against the US dollar, reflecting the city-state's sound monetary policy and macroeconomic stability.
According to Mr Pote, a catalyst was the Equity Market Development Programme launched by the Monetary Authority of Singapore. The initiative allocates S$6.5 billion to enhance market liquidity and attract institutional investors, complemented by more than S$13 billion in additional capital from institutional investors.
