Portfolio Review from 31 May to 6 June 2021

 The model portfolio for value-investing is now up 4.94% from 23 Mar to 9 June 21. Last week, the portfolio was up 4.25%. It is now up another 0.49% to 4.94%. The XIRR is 21.3%. What is encouraging is that while the Tracker Fund of Hong Kong (2800 HK) is down for the month, the portfolio managed to follow the S&P500 upwards. 







 In the last 30 days, the portfolio is up by 4.29%, outperforming the Vanguard Total World Stock Index (up 1.77%), S&P 500 ETF (+0.89%) and Tracker HK (1.25%).  Moderna contributed 0.54% to the gain with a 37% return. 2823 HK A50 Share contributed 0.41% with a 6.72% return. Sea Ltd contributed 0.32% with an 18.2% return. Veeva Systems contributed 0.32% with a 16.7% return. 9 out of 10 stocks with the exception of Lemonade, are based on the value-momentum system. Lemonade was a mean-reversion strategy, having fallen drastically below the 200 days MA and finally showing signs of bottoming. 




76.5% of the portfolio is still with stocks listed in the US. This is followed by HK listed Chinese stocks at 13.6%. Singapore listed stocks are third at 9.7%. 


In terms of transactions, I did the following:

Sold 25% of Moderna with a 25% profit. 
Added a Europe ETF. For funds, I'm adding Blackrock European Equity Income. 
Added S&P 500 ETF or Franklin US Opportunities. 
Added Vanguard Total World or Morgan Stanley Global Brands. 
Added MSCI Emerging Markets or Fidelity Emerging Markets. 
Added MSCI Asia ex Japan or FSSA Dividend Advantage / Schroder Asian Equity Yield. 
Added Sea Ltd as it is ASEAN's biggest e-commerce player. 
Added SPDR S&P Biotech ETF. 
Added Veeva Systems. 
Added Taiwan Semiconductor. 
Added a small allocation to Parkway Life REIT. 
Added a small allocation to Mapletree NAC Trust. 
Added a bigger position on Manulife REIT. 


Top performing stocks / ETF (realised, realised and dividends)

1. MicroStrategy. There are recent signs of bottoming and I may close part of my shorts. Up 36.2%. 
2. Moderna. up 20.6%. 
3. Yum China Holdings up 17.1%. 
4. A50 China 2823 ETF. up 15%
5. Facebook up 14.7%




Worst performing stocks / ETF:

1. Shanghai International Airport down 17.1%

2. MercadoLibre down 12.9%

3. JD.com down 11.3%

4. Alibaba down 10.5%

5. ARK Genomic Revolution down 10.3%


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