Singapore’s stocks offer a juicy yield

Singapore celebrates 60 years since independence this month, says Craig Mellow in Barron’s. The city-state has been one of the biggest beneficiaries of the era of globalisation, with GDP per capita rising to $93,000. Whether it can hang on to that status as global power politics shifts remains to be seen, but the early signs are encouraging. The local Straits Times index, dominated by finance, real-estate investment trusts (Reits) and industrial shares, has leapt 25% in the past year. Singapore ...