Portfolio update June 2022

Weak monthly performance due to the falling yen and a correction in the share prices of commodity stocks. Estimated reading time: 14 minutes

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Portfolio update

Ouch. A significant setback compared to the previous month.

The portfolio is down -7.2% over the past month and +1.9% since its inception last October in US Dollar terms.

What went wrong?

• The US Dollar has gone on a relentless rise against almost all Asian currencies. The Japanese Yen, in particular, is down 6.3% MoM, and the portfolio had almost 1/3 exposure to the Japanese market. And most other curr…