NOTE
I have reverted back to the individual stocks breakdown as there's no individual stock that has too large a %.
Portfolio Breakdown
My portfolio (at cost) of S'pore stks for Q313 close,
- Size (Stocks Only) : -5.69% (Cost) / -4.08% (Market Value)
- Portfolio Performance vs End-2012 Mkt Value : +1.12% (Unrealised) +10.79% (Realised) + 4.51% (Div) = +16.42%
- Further Breakdown of Realised Profits : 9.37% (Stocks Bought before 2013) + 1.42% (Stocks Bought in 2013)
So, +16.42% vs+0.02% (STI), better than STI. Improved from Q213 (+14.32% vs STI -0.53%) but still below Q113 (+18.51% vs STI +4.45% although there's an improvement if measured wrt STI.
It's been a roller coaster Q3, with a sharp drop in Jul, followed by a rebound in Aug, before pulling back towards end-Sep. The volatility is very much due to the uncertainties of QE3 easing and to a certain extent, Syria problem. Having seen several ups and downs especially from QE3 issue,
I have decided to play safe and reduce my exposure to REITs further (totally sold off my entire stake in Sabana as there's also a Placement at close to 10% discount which I don't quite like ie. Mgmt leaning towards self interest). But, at the same time, I'm also taking risk by buying into Forterra, a Biz Trust which is geared, but which is at a hefty discount to NAV.
Portfolio Changes (vs Q213)
- New Additions : UMS, ARA, Forterra, SPH
- Increases : LMIR, Vard
- Decreases : Popular, NeraTel, KGT
- No Change : HLFin, Saizen, SBSTransit
- No More : Sabana, F&N, SingTel