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Chart of the Day: SG iEdge All Healthcare Index posts 5.3% total return in Q2

Its 10 most traded stocks averaged a 6.2% total return over the 11 weeks.

This chart from the Singapore Exchange (SGX) shows that Singapore’s iEdge SG All Healthcare Index generated a 5.3% total return in the Q2 2021 to 18 June, with its 10 most traded stocks averaging a 6.2% total return over the 11 weeks.  

The iEdge SG All Healthcare Index has also been more aligned with the median performance of the top quartile of global healthcare stocks this quarter, in comparison to the preceding three quarters.

Global healthcare stocks generally trade at higher valuations to the broader market, SGX said, with the past 12 months having seen a modest level of convergence in the price-to-book ratios of Singapore-listed healthcare stocks and the global leaders of the healthcare sector. 

Since June 2020, the top quartile of global healthcare stocks have extended their premium to book value by 6%, whilst the constituents of Singapore’s iEdge SG All Healthcare Index have seen their median premium to book value extend by 9%.

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