No this is not going to be a piece abt the governing PAP. When I first started work, US stocks paid big dividends , and local stocks yields were “peanuts”.
iShares offers its longstanding MSCI Singapore Index Fund and more recently rolled out the MSCI Singapore Small Cap Index Fund. Both funds are heaviest in financial stocks, at 45% and 51% respectively, followed by 24% in industrials for EWS and 13% in that sector for EWSS.
Singaporean equities tend to have high dividend yields, which are somewhat reflected in EWS’ trailing yield of 2.74%. The iShares Web site shows an SEC yield of 4.14% for EWSS, but the fund is too new to have paid any actual dividends yet. This compares to a dividend yield of 2.01% for the SPDR S&P 500.