Comments:
June 2021 is another win for my portfolio! This month saw an overall +1.2% gains as US investors remain optimistic on the economic rebound due to a majority of the citizens have already been vaccinated. Investors are pilling into recovery stocks such as energy, industries & airlines. The further dip in treasury yield which prompted investors to return to tech stocks as TA Global Tech was up +5.1%. My Company Stock (Industrials in Europe) also enjoyed a +3.4% gains. Other modest gainers this month include the United Global (+1.3%) and Manulife REIT (+1.2%).
That said, the winning funds actually underperformed their benchmarks. While the performance of TA Global Tech (+5.1%) was commendable, it failed to beat the XLK ETF which was up +7.2%. Even United Global (+1.3%) failed to beat the S&P 500 (+2.2%).
My portfolio was slightly dragged down by the Asian related stocks this month. The United ASEAN (-2.7%) led the dip but luckily it did not go as low as the KLSE (-3.2%) which was badly impacted by the extension of the lockdown in Malaysia. While StashAway (-0.2%) and Principal Greater China (-0.1%) dipped, it was still not bad compared to the Hang Seng Index which dipped -1.1% due to resurgence of COVID19 in the country.
Savings was up this month (RM3295) mainly due to the resurgence of COVID. We went out a lot less and we also had to suspend my child's trip to daycare.
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%).