We have been more positive about several stock markets recently and now here is another candidate – one of the Singapore indices made a bottom extension last night (the trading day of the 4th August, local time). We are now happy to buy it, although our own model portfolio already contains Brazil and the remaining half of a position in Japan, while the US-dedicated portion is half-filled with REIT ETFs. This is getting quite close to ‘full capacity’ for us but we will continue to mention any other candidates as and when they occur.
