Comments:
The gains from 2020 continues on to the month of Jan-21 as my portfolio rallies an overall +1.9%. While the S&P500 fell by -1.1% due to absence of any stimulus plans and the KLCI also fell by -3.7% due to the reintroduction of lockdown in Malaysia, it was the awesome outperformance of the Hang Seng (+3.9%) that pulled my portfolio into positive territory this month.
The Hang Seng did well mainly due to huge inflow of Mainland China funds into the HK index. The mainland investors felt that the local A shares is in overbought territory as they performed incredibly well in 2020. Hence, they are looking overseas for further gains, namely HK. Both the Principal Greater China (+8.8%) and StashAway (+4.1%) benefited from this Hang Seng rally and even managed to beat the index (+3.9%).
The TA Global Tech (+2.1%) managed to beat the XLK (1.2%) and again, this is attributed the Hang Seng rally as the TA Global Tech holds quite a bit of China-based tech stocks.
United ASEAN was a pleasant surprise because while the KLCI dipped by -3.7%, the United ASEAN fund actually gained +2.1% in the month of Jan-21. Fantastic work by the fund manager.
Manulife APAC REIT dips a little (-0.5%) as more APAC countries enforce stricter lockdown measures due to rising COVID cases worldwide. This fund is starting to normalise as we can see that lockdown measures no longer severely impacts this fund.
My savings this month of RM2,865 has nicely overachieved my target of RM2,000/month. The MCO 20.0 lockdown has greatly reduced my spending.
Forward Strategy:
I will continue to Value Cost Average (VCA) into my funds, keeping them at a fixed weightage as follows; United Global Equity (20.0%), StashAway (20.0%), TA Global Tech (20.0%), Principal Greater China (15.0%), United ASEAN (12.5%) and Manulife REITS (12.5%).