The New Standard in Wealth Management, Wealth Management Alliance

Wealth Management Alliance

The New Standard in Wealth Management

WMA is a Singapore-based multi-family office with a Capital Markets Services license and provide fund management and investment advisory services to a small number of global UHNW clients. We also act as incubator for single-family offices, allowing them to plug into our broader ecosystem and infrastructure, and tap on our investment professionals for advice. WMA is designed around providing truly bespoke advice to each client, rather than taking a one-size-fits-all approach that may not fit each client's investment objectives and risk tolerances. On top of that, we are designed so that we avoid any semblance of conflicts of interests by being compensated only by the client (which may include profit sharing), as opposed to the model that many of our peers adopt, which include compensation from a variety of third parties such as funds managers, distributors or banks. That, to us, is the easiest way to be firmly on the side of the client in every decision we make.

Thematic (Sector/Industry)

<ul>
<li>Amid the global tech rally, tech companies in Singapore are not left behind.</li>
<li>Compared to an 11.6% gain in the broad FTSE ST All-Share Index (which covers 98% of the SGX universe), the FTSE ST Technology Index has soared 73.9% year-to-date.</li>
<li>Trading activity has also increased in the broad market.</li>
</ul>


Amid the global tech rally, tech companies in Singapore are not left behind.
Compared to an 11.6% gain in the broad FTSE ST All-Share Index (which covers 98% of the SGX universe), the FTSE ST Technology Index has soared 73.9% year-to-date.
Trading activity has also increased in the broad market.


<ul><li>Two months into the US-Iran conflict, the Singapore stock market has held up well. In USD terms, it is an average performer among key bourses.</li><li>Turnover in the Straits Times Index has picked up, suggesting increased activity. EFT data show inflows over the period.</li><li>We reckon Singapore has benefited from offshore inflows, possibly some diversion from the Middle East.</li></ul>

Two months into the US-Iran conflict, the Singapore stock market has held up well. In USD terms, it is an average performer among key bourses.Turnover in the Straits Times Index has picked up, suggesting increased activity. EFT data show inflows over the period.We reckon Singapore has benefited from offshore inflows, possibly some diversion from the Middle East.

<ul><li>It appears that the Singapore stock market is currently witnessing a positive re-rating, as seen in a rise in the market’s price-earnings ratio while earnings per share has stayed relatively stable. </li><li>In our view, the upward re-rating has come on the back of several key developments. • On the external front, the US will charge Singapore the baseline tariff rate of 10%. While tariffs work against every US trading partner, on a relative basis, Singapore compares well with most other countries.</li><li>Also, amid concerns over US policies and the outlook for the US dollar. anecdotal evidence points to capital flows into Singapore.</li></ul>

It appears that the Singapore stock market is currently witnessing a positive re-rating, as seen in a rise in the market’s price-earnings ratio while earnings per share has stayed relatively stable. In our view, the upward re-rating has come on the back of several key developments. • On the external front, the US will charge Singapore the baseline tariff rate of 10%. While tariffs work against every US trading partner, on a relative basis, Singapore compares well with most other countries.Also, amid concerns over US policies and the outlook for the US dollar. anecdotal evidence points to capital flows into Singapore.

<ul><li>Singapore’s non-oil domestic exports (NODX) unexpectedly fell 3.5% y/y in May, the worst in seven months.</li><li>The contraction was led by a slump in exports to the US (-20.6% y/y), suggesting that the front-loading ahead of US tariffs has faded.</li><li>Meanwhile, manufacturing PMI has slipped into the contractionary zone since April, last seen nearly two years ago.</li></ul>

Singapore’s non-oil domestic exports (NODX) unexpectedly fell 3.5% y/y in May, the worst in seven months.The contraction was led by a slump in exports to the US (-20.6% y/y), suggesting that the front-loading ahead of US tariffs has faded.Meanwhile, manufacturing PMI has slipped into the contractionary zone since April, last seen nearly two years ago.

Singapore

The Straits Times Index (STI), maintained & calculated by FTSE, is the most globally-recognised benchmark index and market barometer for Singapore. Dating back to 1966, it tracks the performance of the top 30 largest and most liquid companies listed on the Singapore Exchange. *Ticker changed from FSSTI on 10/9/2015. **Also revamped on January 10, 2008, for prices prior to that see STIOLD Index.

FTSE Straits Times Index (STI) (STI INDEX)

FTSE Straits Times Index (STI) (STI INDEX)

Singapore Equity Strategy: June 2026

Amid the global tech rally, tech companies in Singapore are not left behind. Compared to an 11.6% gain in the broad FTSE ST All-Share Index (which...

Wealth Management Alliance

Singapore Equity Strategy: April 2026

Two months into the US-Iran conflict, the Singapore stock market has held up well. In USD terms, it is an average performer among key...

Wealth Management Alliance

Singapore Equity Strategy: August 2025

It appears that the Singapore stock market is currently witnessing a positive re-rating, as seen in a rise in the market’s price-earnings ratio...

Wealth Management Alliance

Singapore Equity Strategy: June 2025

Singapore’s non-oil domestic exports (NODX) unexpectedly fell 3.5% y/y in May, the worst in seven months. The contraction was led by a slump...

Wealth Management Alliance