UT Portfolio as at 26 Jan 07

As of 26 Jan 07, my profit has crossed the $3,000 mark. Though this is nothing to shout about compared to those who invest directly in equities (like my wife), i still feel that the growth is pretty decent. :)

The past week has been hectic for me at work, resulted in very little time spent researching. Hence, i don't have anything much to comment except to advise those who trade equities to be extra careful. There are lots of noise in the market; contributed from dropping oil prices to shortage of sand. As the year has only just started, there is still a lot of chance to up your profit. :)

Today, i overheard another of my colleague going into UT investment. I am very happy for him. With the help of available data from FundSupermart, he have selected two Single Country funds and a balance fund for his portfolio. I have issued him a challenge that i can beat him in the overall profit taking within a three month period by selecting a set of funds of similar nature. This is the portfolio breakdown of his selection:

Chin:

• DWS China Equity Fund - 25%
• Lion Capital Vietnam - 25%
• First State Bridge - 50%

Calvin:

• DWS China Equity - 25%
• Aberdeen Thailand - 25%
• Lion Capital Global Flexi - 50%

The rationale for my portfolio came from a strong believe in the growth of equities in 2007. For those who have heard my story on China and my conviction on her growth, would understand why i chose China Equity. And the reason for chosing DWS instead of the rest is because of its better track record especially during the April/May '06 correction.

Being a quarter Thai myself, i always believe Thai equity would do well. It has the fundamentals required and ready for economic boom. Without the recent selldown, Thai equity would have done better in 2006. The good news is that bad storm will past and now is a good time for a great year for Thai equity in 2007. I chose Abeerdeen Thailand because of its great resiliense from correction in April/May '06 and in December '06.

Choosing a balance fund to complement is easy in this case; though i favoured Asia, the Lion Capital Global Flexi have all the fundamentals and technicals in place, with the help of a small fraction of hedging derivatives.

The challenge period will begin from 01 March 06 to 30 June 06. Loser will buy the winner lunch. :)

Anyway, this is my updated portfolio: