DBS Group Holdings Ltd delivered a-5.27%return since the beginning of the year, while its 12-month returns are up by1.61%. Here is what Mawer Investment Management has to say about DBS Group in its Q3 2022 investor letter: "While many global banks declined in the quarter, our Singapore bank holding,DBS Group, whose lending book is tilted toward floating rate loans tied to the U.S. Federal Funds rate, has enjoyed the associated higher net interest margins."
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