Rebalancing the 'Switzerland of Asia'

Significant restructuring in the economy needs to be seen, as society ages and the government faces the political realities of rebalancing growth across society, according to Samir Mehta, manager of the JOHCM Asia ex Japan fund

Most people with a connection to Singapore recognise and acknowledge the contribution of Lee Kwan Yew, who passed away last month. The country's prime minister from 1959 for more than three decades, LKY (as he was better known) was instrumental in building and transforming the country alongside his colleagues. His leadership created a benchmark for good governance, efficiency, and practicality, which helped shape Singapore's success over the years.  For asset markets, there is no better proxy than the value of the Singapore dollar, particularly relative to its neighbours (see chart 1,...