Sunday, August 7, 2016

July 2016 - Low Cost Portfolio Update

My low cost portfolio received a big boost in July due to $65,000 fund injection. The source of fund came from unit trust portfolio partial liquidation ($60,000), unit trust dividend ($1,000), and fresh fund ($4,000). I planned to further liquidate half of the remaining unit trust portfolio, which may happen later this year. Aside of fund injection, return was also boosted by the rally in global equity markets, following an earlier BREXIT selloff. Portfolio XIRR improved to 2.42% since inception and 8.26% YTD.

Leveraging on BREXIT selloff, I bought British Land Co PLC. It is the second largest UK REIT after Land Securities Group PLC. I purchased 320 units at GBP 5.41, yielding 5.14% per annum before tax (UK levies 20% tax for REITS dividend). This purchase brought portfolio allocation to 40.77% equity and 59.23% bond/cash. I also bought 160 shares of Deutsche Bank at EUR 12.30 and 200 units of CSOP China Ultra Short Term Bond ETF at HKD 176.3625, which would be included in August portfolio update.

In July, I received dividend of HKD 303.52 from HSBC, HKD 469.44 from Vanguard FTSE Asia Pacific ex Japan High Dividend ETF, and HKD 886.19 from CNOOC.

Link to Yaruzi's low cost portfolio as of July 2016

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