Portfolio update September 2022

The USD wrecking ball destroying all gains. Estimated reading time: 15 minutes.

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Portfolio update

Carnage over the past month. Down -5.7% month-on-month and now down -0.5% over the first twelve months of the portfolio, measured in US Dollars.

It’s the strength of the US Dollar that’s wrecking markets across Asia. The Yen is now at 144, the Singapore Dollar at 1.44, for example. The only currency that has been spared is the Hong Kong Dollar, thanks to its peg, but unfortunately, I have little exposur…