UT Portfolio as of 12 May 2007

Asian indices presented much volatility in the past week due to mixed signals interpreted by investors. While some investors decide to take profit from the market, more decides to make some quick bucks from the bullish trend. This resulted in most Asian funds performing in both positive & negative region throughout the week.

In China, Investment advisers issued warnings of an overheated stock market this week as local markets propelled to new highs and throngs of new Chinese investors flocked to open accounts. To give you some statistics, a total of 4.79 million new A-share trading accounts were opened in April, 853,500 more than the combined total for the previous two years, according to statistics from the China Securities Depository and Clearing Corporation.

Unlike developed markets overseas, individual investors make up a majority of China's stock market, including a lot of retirees who risk losing their hard-earned savings. Besides retirees, university students are also joining the bull run.

With this in mind, investors should be cautioned that UT investments, like all other investment tools, are not meant for short term speculation. Professional advice should be seeked before punting hard-earned money into such investments.

Here's my scorecard for the week: