UT Portfolio as at 04 Mar 07

This week was a humiliating week with Dow sinking more than 400 points in one day; over a stupid rumour from China. From then, all devils broke loose. The whole week was a sea of red across the world. Let's see how much damage was done:




















Profit was cut from $4,400+ to $2,700+ within one week; God knows when this bleeding will stop..... ok, enough of bitching and back to work. :)

This is a healthy correction, especially when it happened early in the year. This will result in a much rosier outlook in the Asian market in the next two quarters. I have just switched Henderson Asia Pacific Property fund and Pru Global Basics fund to Henderson European Property fund and Schroders European Alpha Fund respectively during the turmoil. You would be able to see the changes in the next update.

As you would have realised, i am quite in love with property funds as they have been consistently having good returns for the past few years. Such good returns are due to great selection process by fund managers; chosing baskets of REITs, Commercial properties which have great yielding potential. So why the switch to Europe? Well, their financial markets are very well established and have been consistently produced great results in the past years. And of course, if you have seen the growth of China (due to Olympic 2008), you would forsee similar economic movements for Olympic 2012 in UK. Get the hint?