Monday, August 15, 2016

July 2016 - Unit Trust Portfolio Update

July was a good month. XIRR since inception improved to 2.32% , with XIRR YTD at 7.86% and actual return YTD at 4.45% as of end July. United Gold and General Fund was up by 53.7%. I received dividends of $1,024.09.

I decided to liquidate $60,000 from the unit trust portfolio, as I planned to reduce the size of the portfolio and channel it to my low cost portfolio instead. I planned to liquidate another $100K within this year and might completely wind down the unit trust portfolio next year. The reason? I was sick of paying $200+ every quarter for "platform fee" i.e $800+ every year. I also felt more comfortable with my own low cost portfolio performance. I believe I'm not the only one doing this and I wasn't surprised iFAST latest result showed half year profit dropped by 62% compared to a year ago.

Transactions in July 2016:
1. Sold
Blackrock World Energy Fund A2 SGD-H $1,629.01
Fidelity China Focus A SGD $678.28
Fidelity European High Yield A EUR EUR 3,522.24
First State Dividend Advantage $9,436.13
FTIF-Templeton Global Fd A $10,329.85
Fullerton Short Term Int Rt C S$ $10,584.67
HGIF Brazil Eqty SGD Cl AD $1,605.78
HGIF Russia Eqty SGD Cl AD $872.75
United Emerging Markets Bond Fund $2,993.31
United SGD Fund Cl A Acc SGD $16,065.32



Link to Yaruzi's unit trust portfolio allocation as of July 2016

Sunday, August 7, 2016

July 2016 - Low Cost Portfolio Update

My low cost portfolio received a big boost in July due to $65,000 fund injection. The source of fund came from unit trust portfolio partial liquidation ($60,000), unit trust dividend ($1,000), and fresh fund ($4,000). I planned to further liquidate half of the remaining unit trust portfolio, which may happen later this year. Aside of fund injection, return was also boosted by the rally in global equity markets, following an earlier BREXIT selloff. Portfolio XIRR improved to 2.42% since inception and 8.26% YTD.

Leveraging on BREXIT selloff, I bought British Land Co PLC. It is the second largest UK REIT after Land Securities Group PLC. I purchased 320 units at GBP 5.41, yielding 5.14% per annum before tax (UK levies 20% tax for REITS dividend). This purchase brought portfolio allocation to 40.77% equity and 59.23% bond/cash. I also bought 160 shares of Deutsche Bank at EUR 12.30 and 200 units of CSOP China Ultra Short Term Bond ETF at HKD 176.3625, which would be included in August portfolio update.

In July, I received dividend of HKD 303.52 from HSBC, HKD 469.44 from Vanguard FTSE Asia Pacific ex Japan High Dividend ETF, and HKD 886.19 from CNOOC.



Link to Yaruzi's low cost portfolio as of July 2016

Wednesday, August 3, 2016

Recent Buy - Low Cost Portfolio

Bought UOB 200 shares @ $17.94

I recently liquidated around $60K from the unit trust portfolio, which I injected into the low cost portfolio. I will be adding to my equity allocation gradually to restore the allocation back to 50% equity and 50% bond.