SINGAPORE (June 5): When global stock markets suffered the selldown earlier this year, not all asset classes endured the same fate. From the start of the year till May 21, the Straits Times Index (STI) dropped from 3,222 points to 2,557 points, or by around 20%. On the other hand, the SPDR Gold Shares ETF, which is traded on the Singapore Exchange (SGX), went from US$143.45 to US$163.13 per unit, a gain of around 14%.

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