General definition for bear market refers to 20% plunge from recent peak of any index. Two major indices from US, S&P500 and NASDAQ entered the bear territory one after one since last Friday. STI has been suffering selling headwind since mid of the year, but still shy away from its bear market boundary ~ 2890. 2960 serves as immediate support, which could be tested soon, shall US market continue to sell down.
Most investors have been waiting for bargain hunting window in bear market. STI ETF actually provide one of the most convenient and less risky means. It tracks STI movement which actually derive its price among 30 companies. While waiting for market turn back into bullish phase, shareholders are entitled for dividend as well. Chart below shows how the STI ETF has been moving since oil crisis 2016 till now.
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