Manufacturing-related Stocks that have led Net Fund Flows since 30 June

• The iEdge SG Advanced Manufacturing Index have has declined 4% in the 3Q22 to 7 Sep, while booking S$10 million of net institutional inflows. This has reduced the total return of the Index to 25%, which compares to 9% for the FTSE ST All-Share Index and 1% for the FTSE Asia Pacific Index.
   
• The five Index heavyweights of the iEdge SG Advanced Manufacturing Index, NIO Inc, Venture Corporation, Wilmar International, Singapore Tech Engineering and Thai Beverage PCL comprise approximately half the Index weights. NIO reported its 2Q22 and 1H22 results after the 7 Sep close and gained 1% in the 8 Sep Morning Session.
   
• With more than 100 constituents, the Index spans multiple sectors incl. Business Services, Consumer Cyclicals, Energy, Healthcare, Industrials, Non-Energy Materials, Consumer Non-Cyclicals, and Technology. This parallels Singapore’s manufacturing activity, which spans six clusters, with the Aug report scheduled for release on 26 Sep.  

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