My Unit Trust Asset Allocation

Dear all,

After nearly one year, I guess it is time for another summary on my unit trust asset allocation. You can refer to my previous one at the link below:

https://ghchua.blogspot.com/2024/09/my-unit-trust-asset-allocation.html

For asset classes, I have done nothing much other than consistently adding onto the list of unit trusts that I had been holding for CPF Investments. I have again been defensive for the past one year or so, and therefore increased my allocation to short duration bond fixed income fund again. The other asset classes are obviously down correspondingly in terms of percentage of allocation, with my additional allocation to the short duration bond fixed income fund.

For geographic exposure, Emerging Markets, Japan and Singapore funds were the out performers in the portfolio. Asia excluding Japan funds also did well.

Laggards are mainly single country funds. Most of these single country funds were in emerging/developing markets and the likes of India, Thailand, Indonesia and Malaysia each have their own country specific issues for the past year, which affected their respective stock market performance. 

Going forward, my strategy is to add onto existing funds, while continue to maintain a more defensive positioning in terms of asset allocation. I will continue to allocate more to fixed income instead of equity, with emphasis on shorter duration to mitigate interest rate fluctuations. I will also stick more to global, regional and developed markets single country funds to mitigate emerging/developing markets country specific risks.

Asset Class

Equity 79.53%

Balanced 12.82%

Fixed Income 7.65%

Geographic

Global 21.26%

Asia Pacific Excluding Japan 15.44%

Emerging Markets 13.41%

Japan 12.35%

US 8.32%

Singapore 8.29%

Asia excluding Japan 6.40%

Taiwan 3.22%

Europe including UK 3.05%

India 1.95%

Thailand 1.80%

Indonesia 1.78%

Malaysia 1.43%

Korea 1.40%

Welcome any comments (if any) on my unit trust asset allocation.

My Unit Trust Asset Allocation

Dear all,

After nearly one year, I guess it is time for another summary on my unit trust asset allocation. You can refer to my previous one at the link below:

https://ghchua.blogspot.com/2023/09/my-unit-trust-asset-allocation.html

For asset classes, I have done nothing much other than consistently adding onto the list of unit trusts that I had been holding for CPF Investments. I have again been defensive for the past one year or so, and therefore increased my allocation to short duration bond fund again. The other asset classes are obviously down correspondingly in terms of percentage of allocation, with my additional allocation to the short duration bond fund.

For geographic exposure, Global, Singapore and US funds were the out performers in the portfolio. India, Malaysia and Taiwan funds also did well.

Laggards continued to be funds with exposure to China. Though I don't specifically hold any China funds, Asia Pacific Excluding Japan, Emerging Markets and Asia excluding Japan regional funds do have decent exposure to that market, which dragged down their performance. Other laggards include funds invested in Indonesia and Thailand. 

Going forward, my strategy is to add onto existing funds, while continue to maintain a defensive positioning in terms of asset allocation. I will continue to allocate more to fixed income instead of equity, with emphasis on shorter duration to mitigate interest rate fluctuations.

Asset Class

Equity 81.2%

Balanced 12.87%

Short Duration Bond 4.95%

Fixed Income 0.98%

Geographic

Global 20.27%

Asia Pacific Excluding Japan 16.32%

Emerging Markets 12.66%

Japan 11.43%

US 8.71%

Singapore 7.68%

Asia excluding Japan 5.68%

Taiwan 3.32%

Europe including UK 3.23%

Indonesia 2.73%

India 2.58%

Thailand 2.39%

Malaysia 1.71%

Korea 1.29%

Welcome any comments (if any) on my unit trust asset allocation.

My Unit Trust Asset Allocation

Dear all,

After nearly one year, I guess it is time for another update on my unit trust asset allocation. You can refer to my previous one at the link below:

https://ghchua.blogspot.com/2022/11/my-unit-trust-asset-allocation.html

For asset classes, I have done nothing much other than consistently adding onto the list of unit trusts that I had been holding for CPF Investments. I have been very defensive for the past one year or so, and therefore increased my allocation to short duration bond fund significantly. Equity allocation was down correspondingly, due mainly to its relative under performance in general and also adding onto other asset classes.

For geographic exposure, Global, Japan and US funds were the out performers in the portfolio. Since Global funds have greater exposure to US and Japan, it is understandable that they have performed well along with these markets. Laggards continued to be funds with exposure to China. Though I don't specifically hold any China funds, Asia Pacific Excluding Japan, Emerging Markets and Asia excluding Japan regional funds do have decent exposure to that market, which dragged down their performance.

Going forward, my strategy is to add onto existing funds, while continue to maintain a more defensive positioning in terms of asset allocation.

Asset Class

Equity 81.4%

Balanced 13.01%

Short Duration Bond 4.56%

Fixed Income 1.04%

Geographic

Global 19.19%

Asia Pacific Excluding Japan 16.68%

Emerging Markets 13.21%

Japan 12.13%

US 8.01%

Singapore 7.44%

Asia excluding Japan 5.6%

Europe including UK 3.2%

Taiwan 3.1%

Indonesia 3.1%

Thailand 2.93%

India 2.32%

Malaysia 1.62%

Korea 1.46%

Welcome any comments (if any) on my unit trust asset allocation.

My Unit Trust Asset Allocation

Dear all,

After slightly more than one year, below is another update on my unit trust asset allocation. You can refer to my previous one at the link below:

http://ghchua.blogspot.com/2021/10/my-unit-trust-asset-allocation.html

For asset classes, I have done nothing much other than consistently adding onto the list of unit trusts that I had been holding for CPF Investments. However, I have increased my allocation in the short duration bond fund slightly, to take advantage of the increasing interest rate on the short end of the bond duration.

For geographic exposure, there had been a major drag in Asia Pacific Excluding Japan, Emerging Markets and Asia excluding Japan funds, as China and Russia are the major draw downs. Tech sell-offs had also affected tech heavy single country equity funds with exposure to Korea and Taiwan. This had been compensated by better performances in India and SEA markets like Singapore, Thailand, Indonesia and to a lesser extent Malaysia. US and Europe including UK also suffered, but to a lesser extent as compared to the major drags.

Going forward, my strategy is to continue to add onto existing funds, while attempting to maintain a more defensive positioning in terms of asset allocation.

Asset Class

Equity 84.57%

Balanced 12.68%

Short Duration Bond 1.61%

Fixed Income 1.14%

Geographic

Asia Pacific Excluding Japan 17.64%

Global 16.25%

Emerging Markets 14.46%

Japan 11.24%

US  8.04%

Singapore 7.78%

Asia excluding Japan 5.74%

Thailand 3.64%

Indonesia 3.26%

Europe including UK 3.26%

Taiwan 3.07%

India 2.29%

Malaysia 1.81%

Korea 1.54%

Welcome any comments (if any) on my unit trust asset allocation.

My Unit Trust Asset Allocation

Dear all,

Some readers had asked me about my unit trust portfolio. Previously, I had displayed my unit trust portfolio at FSM platform but they have since removed the feature on their site. Therefore, I no longer disclose my unit trust portfolio to readers. For unit trusts, fund selection is actually secondary. The most important part is still asset allocation. Therefore, I will instead disclose my asset allocation for my unit trust portfolio only. If readers are interested on those funds behind the allocation, we can discuss further in the comments section of this blog post.

Since unit trusts are supposed to be longer term investments, I don't think I will disclose my asset allocation monthly. Maybe once a year will be enough.

Do take note that my unit trust portfolio is constructed using CPF funds only, therefore for some funds which are not included for CPF investments, I might not be so familiar as I did not look into them. Also, do note that some funds in my CPF investments portfolio are no longer included for CPF investments as they had been removed from the list. But I still hold them in my portfolio currently. So here it goes:

Asset Class

Equity 84.72%

Balanced 12.89%

Short Duration Bond 1.2%

Fixed Income 1.2%

Geographic

Asia Pacific Excluding Japan 18.77%

Global 16.13%

Emerging Markets 15.66%

Japan 11.14%

US 7.46%

Singapore 6.58%

Asia excluding Japan 6.04%

Taiwan 3.47%

Europe including UK 3.16%

Thailand 3.15%

Indonesia 2.85%

India 2.12%

Korea 1.75%

Malaysia 1.71%

Welcome any comments (if any) on my unit trust asset allocation.