On April 5 2004, S$ 3000 was invested in Commerzbank Global Infotechnology Index Fund due to technical reasons (higher closing price and reasonable volume of fund proxy). Technology stocks was boosted by strong US payroll data even though we are not sure the good number can be sustained . There is even fear of higher interest rate which may bring equity prices down in the future. Despite of these uncertainties, it is decided to go with the flow which is consistent with the system market neutral strategy. Here is the updated portfolio.
Comments