Foreword:
Green everywhere! Staying invested during these troubled times have definitely paid off. The recovery is mainly attributed to the easing of the COVID19 situation. Countries are reopening up in stages. Oil price continue to weaken due to low demand. On 21st April in fact, it went down to negative territory. However, the market was quick to brush it off and continue its climb. It's not back to pre-COVID19 levels but it is getting there.
Analysis:
The equity funds rallied the most at about 10 - 30% increase within the month of April. The technology & healthcare sector did very well to weather the storm and emerged positive.
The ASEAN market is lagging in overall recovery due to its relatively larger drop last month compared to its peers (USA, Europe & China).
The higher net cash flow in this month due to (1) undertaking of home loan moratorium and (2) lower spending as a result of lock down. The additional cash has been invested into United Global, StashAway and Principal China Fund.
Forward Strategy:
No change in minimum monthly investment allocation, i.e. RM1,500 into FSM Mutual Funds and RM500 into StashAway. Any additional saved cash will be added into the same funds.
No change in minimum monthly investment allocation, i.e. RM1,500 into FSM Mutual Funds and RM500 into StashAway. Any additional saved cash will be added into the same funds.
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