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SFI Weekly
Key highlights for the week ending 19 December 2014
- The SFI lost 0.65% to 119.25.
- YTD, the SFI currently outperforms the STI by 0.11%. The last time SFI ended the week with better YTD performance was in Oct 2014.
- SFI and its major sub-indices ended the week lower. Losses came mainly from government bonds (SFI Government Bond Index), which YTD saw its second largest weekly decline of 2014 (-0.92%). Corporate bonds (SFI Corporate Bond Index) fared better and lost 0.21%.
- Interest yield (IY) for the SFI Corporate Bond Index has reached its all-year high (3.27%); this is 10 bps higher than STI’s current dividend yield (3.17%).
- Among the SFI and its major sub-indices, Industrial bonds (SFI Industrial Bond Index) currently boast the highest IY and Yield to Maturity (YTM) of 4.18% and 3.67% respectively; it is also the only index which saw year-on-year gains in YTM (+2.83%).
SFI Returns
| Index |
Total Return (%) |
Interest Yield (%) |
Yield to Maturity (%) |
||
|
Week |
MTD |
YTD |
Current |
Current |
|
| SFI |
-0.65% |
-0.66% |
3.65% |
2.873% |
2.567% |
| SFI Government Bond Index |
-0.92% |
-0.98% |
3.15% |
2.621% |
2.262% |
| SFI Corporate Bond Index |
-0.21% |
-0.15% |
4.43% |
3.274% |
3.194% |
| - SFI Statutory Board Bond Index |
-0.08% |
-0.09% |
4.13% |
2.336% |
2.539% |
| - SFI Industrial Bond Index |
-0.37% |
-0.24% |
4.32% |
4.179% |
3.667% |
| - SFI Financial Bond Index |
-0.26% |
-0.18% |
4.89% |
3.807% |
3.612% |
| SFI 1-3 Year Bond Index |
-0.18% |
-0.28% |
0.90% |
2.770% |
1.908% |
| SFI 3-5 Year Bond Index |
-0.48% |
-0.61% |
2.34% |
2.721% |
2.106% |
| SFI 5-7 Year Bond Index |
-0.74% |
-0.87% |
4.04% |
2.898% |
2.402% |
| SFI 7-10 Year Bond Index |
-0.78% |
-0.86% |
5.65% |
2.932% |
2.570% |
| SFI 10+ Year Bond Index |
-1.37% |
-0.93% |
7.22% |
3.153% |
2.948% |
| Equity Benchmark: Straits Times Index1 |
-1.34% |
-2.12% |
3.54% |
N/A |
N/A |
Source: Thomson Reuters Datastream (data as of 22 December 2014)
1Performance is measured on a price return basis for the Straits Times Index.
