April saw a modest appreciation in net assets with small gains across all relevant asset classes - enough to tip the portfolio back into positive territory for the year to date.
Here are the details:
1. my Hong Kong/China equity portfolio appreciated slightly;
2. my AU/NZ equities appreciated;
3.my equity ETFs rose slightly (India, Vietnam, Hong Kong and China) in line with the local markets;
4. my position in silver appreciated;
5. all tenants are paying on time. We are back to full occupancy with one tenant agreeing to a small increase in rent for a new lease. One building will be subject to a lengthy renovation exercise. My tenant has agreed to tough it out in exchange for a significant discount on the rent (which is better than a lengthy vacancy);
6. the NZD and the AUD were flat against the HKD/USD;
7. my position in bonds remains small but I have subscribed for some corporate bonds which will appear in the portfolio next month;
8. expenses were high with the cost of a long weekend for the family in Bangkok and the acceptance fee for another degree programme being paid;
9.there were no transfers to Mrs Traineeinvestor.
My cash position fell slightly due to the higher expenses. I currently hold 34.5 months of expenses in HKD cash or equivalents.
For the month the portfolio rose 0.62 percent and the year to date increase in 0.21 percent.
Post a Comment