Comments:
December 2021 saw a slight rebound of +0.9% for my funds mainly attributed to the waning concerns on the severity of the Omicron variant. However, this seem to have benefited the S&P 500 (+4.4%) and the KLCI (+3.5%) only. Hang Seng (-0.3%) rebound was dragged down due to concerns on US exchanges blacklisting China companies.
As a result of the poor Hang Seng performance (-0.3%), all my China-related funds also got affected i.e. Principal Greater China (-2.7%) and StashAway (-1.1%). It is quite disappointing that my funds actually underperformed the Hang Seng.
My under-performance was also seen in my US-heavy funds; United Global (-2.8%) and TA Global Tech (+0.8%). Both of which lagged far behind the S&P500 (+4.4%).
My finances ended up in the red this month (- RM 3,044) due to heavy expenses in December i.e. major car repair, new daycare down payment, new bed for the kid, vacation to Penang & PC monitor repair.
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%).