FEB23 Summary

Income ETFs Investments (NR Analysis) / Price Tracker-Income ETFs / Income ETFs Investments / EK AU Investments / EK Super Summary / FX Rates / AGB_Term_Sheet_GSBG27

FEB23 was an interesting month. Not much volatility in the AU ETF market, but much volatility in the Currency market and the US. Both USD and SGD became stronger, so we’ve exchanged about half of our holdings back to AUD. US market went down, so we’ve sold about 1/3 of our BBUS positions and profited from the interim downturn.

Regarding the AU market, we’ve decided to derisk some of our positions in IOZ, VAS, STW, DJRE, and WDIV. We’ve also increased some of our US ETFs positions in VOO and VXUS.

Since interest rates are still steadily increasing, we’ve decided to increase our positions in Treasury Bonds. Invested 5K in GSBG27 (4.75% coupon, semi). We’ve increased the target by 5%, or about 8K, and offset 2.5% each from Gear and SYI. If bonds continue to go down, we’ll continue to increase our positions by another 1.75K for every 5% drop. If it increases by 7.5% from LPP, we’ll sell. We still gain annually from the 4.75% coupon.