With the US market leading the correction, most equity funds were not spared; losing almost 10% in the past 2 weeks. If you thought you were lucky to have switched to fixed income funds, i am sorry, there are also no good news knocking. This was because the sub-prime (CDO) issues had knocked many good companies off their feet. This resulted in less than satisfactory results in the fixed income asset class. Some others who diversified to energy related funds also did not benefit from the oil price surge as well. Pls take note that UT fund manager normally trade stocks of the respective asset class rather than the actual commodities, understand? :)
With speculations that FED will cut rates the 3rd time (90% possibility), the market should start to rally in the coming weeks before the FED meeting. I am in the opinion of keeping your portfolio balanced and have tactical allocations for selected equity funds (in emerging markets).
I have just switched out of DBS Enhance Income to PRU Dragon Peacock, hoping to ride to possible rally i mentioned earlier. :D
Here's my results for the past 2 weeks:
1 comment:
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