‘New Singapore’ Strategy Gives Nikko AM Index-Beating 20% Return
- Tang’s fund outperformed city-state’s benchmark over 10 years
- Manager focuses on leading companies in service ecosystem
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The second-best-performing Singapore fund targets blue-chip stocks with potential to outperform the city-state’s benchmark index over the long term.
The Nikko AM Shenton Thrift Fund, managed by portfolio manager Kenneth Tang, has outperformed the Straits Times Index over the past 10 years, according to data compiled by Bloomberg. It’s returned about 20% to investors so far this year, compared with 15% for the STI.