We added more stocks to the Global Portfolio last week while also reinvesting all of our cash in the Malaysian Portfolio.
For the Global Portfolio, we acquired Chinese sportswear and equipment company Li Ning, Telekom Malaysia, the ABF Singapore Bond Index Fund, which is listed on the Singapore Exchange, and Hong Kong-listed Global X China Electric Vehicle and Battery ETF. Recall that in the previous week, we added to our holdings in the iShares 20+ Year Treasury Bond ETF (TLT). Following all of these recent acquisitions, the Global Portfolio is now almost fully invested again.
Notably, we have boosted our bond holdings to about 34% of total portfolio value, comprising 26% in long-dated US Treasury bonds and 8% in Singapore government bonds. As we have explained in our previous article (“Understanding interest rates, stocks and bond prices” in Issue 1446, Nov 7), we believe bond prices will recover faster than stock prices as interest rates near their peaks.
