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Portfolio update

Hi everyone - I’m so sorry for being late with my December portfolio update. Travels and personal commitments got in the way.

Share prices of most stocks in the portfolio didn’t move much in December. The only major driver of returns was China’s reopening. Several currencies, such as the Japanese Yen and the Singapore Dollar, also strengthened against the US Dollar. That caused the portfolio returns to rise another +3.4% month-on-month and +10.1% since its inception in October 2021:

On the topic of China’s reopening, the end of China’s zero-COVID policy and rumours about a border reopening caused tourism-related stocks such as Bloomberry Resorts (BLOOM PM - US$1.7 billion) to go up in price. Those rumours were proven correct, and from today, 8 January 2023, China’s borders have finally opened up.

Here is the portfolio it was on 31 December 2022: