Xeo Updates: Breakout from a boring market. Year end rally Expected

Thank you to those for those who have gave me feedback on my previous updates. The problem is that different people with different investment background wants different things. So I have to consider and compromise with the best alternatives.

A Quick update

-          - US SnP500 hits 4 months high on good corporate earnings. USA economic data less worse than expected also helped.

-          - Gold hit a new high of $1290 as USD retreated and investors flocked to tangible assets.

-         -  Malaysia, Indonesia, Thailand has broken out of their previous high before the financial crisis.

-          - More developed Asian countries like HK, Singapore, Korea and Taiwan has done well during the last 2 weeks but is still 30% from their pre crisis high.

-          - High Japan yen has caused investors to be weary about Japan’s export oriented companies, leading to a fall in the Nikkei stock index.

-          - Singapore Government changed the rules for property financing and rules leading to a potential slow down in the Singapore property market.

The last month has been a good month for stock markets, especially for ASEAN economies. The good news is most of the funds which I picked for my clients are

 in the in the top 25% performing list in the entire 300 funds arsenal in the IFAST platform. The only fund that continues to disappoint is the BRIC fund. With its performance disappointing despite excellent performance from the various countries. I will be doing a switch to lower the exposure of the BRIC fund to less than 30% and increase the exposure to ASEAN, Korea, Taiwan and India for all the clients.

Judging from economical indicators and technical analysis, it will be a good time to pick up some blue chips in the Singapore market and watch the profit build till end of the year.

A short update this month. Nothing much else to talk about other to ask you guys to enjoy the rally.Attached is the Appendix of the performance of the funds for the month.