Model Portfolio Review from 21 - 27 June 2021

 Good day all

 

The model portfolio is up 7.48% from 23 Mar 2021. XIRR is 34.76%. It is still trailing behind the Vanguard Global Stocks ETF up 8.8% and the S&P500 up 10.09%. The Hong Kong Tracker Fund 3115 HK is also starting to turn up. Up 3.55%. This is for my own reference and purely for educational purposes only. It helps me correct my mistakes and track where the fund flows are going.  As I’ve mentioned there is a rotation into big capped tech sectors (e.g. Amazon, facebook, Adobe, Salesforce, ServiceNow), emerging tech (SEA Ltd, Tesla,), China tech (Meituan, Alibaba). I am tracking Alibaba closely as many of you have big positions on it. I’m seeing a huge turnaround after falling by over 30%. I’m also seeing a huge turnaround from Shanghai International Airport 600009 CN from 48.5 to 51.85.

 



 

Below is the equity curve of the portfolio.

 



Portfolio is still overweight US stocks. 81.1%. SGD stocks accounted for 7.3%. HKD stocks 11.5%. The cause of the underperformance from Mar to May was the overweight into China and emerging tech. The “catch up” was to switch back to US stocks. Going forward, the tilt back to tech and China may help me “catch up” with S&P500.


 


Top performers since 23 March are:

 

  1. Microstrategy (short) up 90.9%
  2. Moderna up 22.3%
  3. Meituan up 19.4%
  4. S&P Global up 19%
  5. Facebook up 17.3%



 

 

Worst performers are below, mainly Chinese companies and tech. But it will likely turnaround soon.



Performance Attribution

 

Last 7 days, portfolio is up 2.33%. behind Vanguard World Stocks up 2.62% and S&P 500 2.82% but ahead of HK tracker up 1.58%.

 

Performance attribution

Moderna up 10.4%

Meituan up 9.8%

JD.com up 9.2%.

Tesla up 7.8% (new position).

 

Over 30 days, portfolio is up 3.99%, ahead of world stocks ETF 1.97% and S&P500 up 2.13%,





 

Performance attribution is

  1. Lemonade up 32.9%
  2. Moderna up 25.3%
  3. NIO 19.4% (new position)
  4. Meituan up 18.0%
  5. Veeva up 16.8%

 

 

Latest action (most important)

 

  1. Initiated long position in Tesla. ½ portion. NEW
  2. NIO ½ position. NEW
  3. ServiceNow ½ position. NEW
  4. Microsoft added ½ position.
  5. Lowes Companies ½ position NEW
  6. The Clorox Company ½ position NEW.

 



 

 

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