At the start of the year there were those who were fearful of losing money in foreign stocks because of their currency would depreciate against the S$
I was not one of those who believed that S$ could continuously appreciated against foreign currencies. Hence I was happy to continue to buying foreign stocks and REITs with foreign properties like Capitaland Ascott and Frasers Logistics & Comm Trust.
The recent change of government in the UK is not changing the momentum. Instead, the market seems to be bullish on the new Labour government, and the signs suggest that this will be a Labour government that is more 'centrist' than 'leftist'.
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