Comments:
Despite the Russian invasion into Ukraine, my portfolio fortunately only dipped by -1.4% this month. The S&P500 dropped by -3.1% purely as a result of the Russian invasion. The Hang Seng dipped by -4.6% with the added weight of regulatory restrictions imposed on big tech by Beijing and poor earning results. My portfolio was actually saved by the KLCI (+6.3%) as investors flock back into ASEAN companies.
All negatively affected funds were US & China-centric such as StashAway (-0.7%), United Global (-3.6%), TA Global Tech (-3.8%), Principal Greater China (-2.6%) and even my Company Stock - Industrial Europe (-1.8%).
My two funds based in ASEAN managed to minimize the dip i.e. Manulife APAC REIT (+1.5%) and United ASEAN (+1.4%).
My savings this month (RM 3,214) wasn't up to my satisfaction. Despite receiving my bonus this month, I overspent on gifts during the Chinese New Year.
Forward Strategy:
United Global Equity has announced a hard closure (no more new money). My new fund flows into the global sector will be heading into Manulife Investment U.S. Equity Fund.
I will continue to Value Cost Average (VCA) into my funds, keeping them at a fixed weightage as follows; United Global Equity & Manulife US 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%).