Singapore Online Bond Mart's Top Picks After Rough 2015 for City
- Bond prices fell by 1.6% on average in 2015, gain 0.4% in 2016
- Picking issuers `more relevant' as coupons drive gains: iFast
The Esplanade Theatres on the Bay and the Marina Bay Sands hotel and casino in Singapore.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
It’s been a rough 15 months for Singapore’s bond market. Local online trading platform iFast Corp. says the losses have created some opportunities.
Prices for a basket of 452 corporate notes with S$114 billion ($84 billion) face value gained 0.4 percent on average this year, after the members trading last year lost 1.6 percent, Terence Lin, assistant director of bonds and portfolio management at the Singapore-based investment consultancy, said in an interview. Oil services company Swiber Holdings Ltd. and shipping firm Neptune Orient Lines Ltd. were among losers, while Housing Development Board and Temasek Holdings Pte gained.