The first Singapore portfolio is here. The asset allocation theme is the same as that of US portfolio. The only difference is 15% of the portfolio is in money market fund. This is due to the recent deposits that are earmarked for UOB United Gold fund. Currently the system is bullish on natural resources and Japan. 30.7% of the portfolio is already in Japan mutual funds vs 22.6% in natural resources investments. Naturally the new money will be invested in natural resources. Traditionally oil stocks should underperform general market during Spring season before Summer holidays seasons in North America. Therefore all the new money will be allocated to gold due to recent performance. Performance comparison between the portfolio and Infinity Glbl Stock Index for the past three months can be found here. The sharp rises and drops are due to deposits and withdrawals respectively.
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