Comments:
All funds except for P2P Lending and Bitcoin saw a month on month increase at an average rate of 2.6%. Referring to the "TWR Annual" column, almost all equity sectors have returned to pre-COVID19 levels except for real estate (REITs). Its recovery is not as spectacular as its other counterparts but it is getting there.
Principal Greater China led this month's rally at 9.6%. It has done very well to shrug off the set back in May 2020 due to the Hong Kong democracy scare. In fact, its TWR has now surpassed other FSM mutual funds, except for the heavyweight TA Global Tech.
The United Global Quality rally should have been a lot higher but was slowed down due to a bump in the COVID19 recovery road in USA. After prematurely declaring victory over COVID19 and reopening, the cases spiked again in the US the following week. The fund took a tumble when it was announced some states were going back into lockdown.
United ASEAN has somewhat of a muted increase (0.4% only) which could be due to the overheated rally in the month on May 2020 (26.6%).
I received a 2% dividend from my company stock this month (~RM500). In the name of diversification, I have reinvested it into StashAway instead of back into the company stock.
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.
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