Just the right height.....put a good mattress there though...

Thanks Steve, that's really useful, after all what are friends for. 

Only just started looking at mine for funds - more likely to do over the weekend if I get time

Are all of yours down? If not, might be worth a thought as to which ones are up, and possibly even why that may be.

I looked briefly at my Singapore unit trusts today (as at close yesterday):

- Out of 11 funds, 10 were down MTD between 0.7% to 5.1% in SGD terms
- Pimco's bond fund was the one down least, down only 0.7%
- Mixed and multi asset funds were down around 2.6%
- Equity funds fared worst
Equities faring worst and bonds down least is not unexpected in the circumstances and mixed/multi asset somewhere in between

The only 1 of the 11 that was up was Templeton Global bond fund. I'd actually reduced my holdings in it generally over recent years, so will now be cause for a little more thought as to why it might have held up. One of the things I used to like about it was how lowly correlated to some of my other holdings it sometimes seems to be, although over time they will shift holdings quite a bit as to where they think value is. i.e they do their own thing. But in recent years hasn't been doing as well as I think they should.
Pimco has done better in recent years and holds more traditional/expected bonds and more developed markets. Templeton's bond fund holds more EM bonds and often in local currency, so is a bit more unorthodox than Pimco

For Templeton. it was a reminder to me to not just to look at recent years and past performance, but also understand what they hold and what that might mean going forward and in different scenarios that might happen, (compared perhaps to other holdings)

Also in your case CM, Be careful of attaching to much importance to recent events though, and adjusting just based on recent performance. Use it to understand (if possible and it may not be) more about your portfolio and why things might move as they do, rather than just making key buy/sell changes just based on % movements It may not actually throw up much to help your understanding, but if you keep following you keep accumulating more understanding. Sometimes it doesn't become apparent until there's further hindsight too.

Cheers
Fletch

It is shall I say interesting to see what Jim Rogers the Quantum Fund co-founder has to say concerning the issue(s).

Dire warnings or a hackneyed cry of ''Bear ''? I presume only time will tell.

www.rt.com/business/418306-next-bear-market-doozy/?utm_

Just had a look at the SGD REITs portfolio I hold up to today's close.

Down between 2% and 11% each on the month (excluding divs received) and an average drop of around 6% MTD .

Not a surprising drop really given an underlying worry behind the pullbacks is possibly faster rising interest rates. Also they'd had a good run and I felt they'd got ahead of themselves, both last year and this.

As a sector allocation I'd been looking to add to my SG REIT holdings, but I've struggled to do that much this year. I couldn't find many SG REITs I wished to add to at the levels they were at. The main reason for wanting to add was not particularly market views, just that longer term I want to give them a higher weighting in my total portfolios than they currently have. They yield 6%+ in SGD dividends tax free and with some potential for capital gains (and risk of losses), that suits quite well what I'm looking for in boosting income levels.

So now they've pulled back quite a few look more attractive than they were (relatively at least), and may provide some buying opportunities

This is also reflected in the weighted average yield of my SG REITs portfolio. It had dropped to around 6.15% div yield, with a few yielding 5.X% and some even as low as 4.X%. That's the lowest in a while. The average div yield has now shifted to about 6.5% (35 basis points increase)due to the drops in prices. On the whole dividends per unit seem to be holding up quite well so far compared to last year, and with economies generally picking up I don't see major decreases in the DPUs paid out on the horizon.

Next week I'll probably spend a bit of time looking thru where I might add, A couple of the Mappletree ones I like and hold seem to have been particularly beaten up

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I certainly won't be making changes on the basis of this event alone and it has all been a very useful learning experience.

My big fallers, the ones that fell between 5% and 8.6%, are as you have pointed out, all global equity funds, higher risk and higher reward hence the falls were to be expected - I don't expect to make any changes there.

The low end fallers, 0.5% to 2.5% were mostly bond funds and they performed as I would have hoped by retaining wealth, it's a validation of their role as far as I'm concerned - pleased to see LT Global also in this group.

There's half a dozen in the mid-range of decline which needs to be looked at individually but most are an extension of the first group and include MA, they're all keepers as far as I'm concerned - Fundsmith is in this group which fell less than its peers - Schroder Small Cap. Discovery is also in this group, a fund I'm starting to like a lot.

The only exception to the above is Henderson (HDIV) which I realised a couple of months ago was a poor choice and its above average losses this time around merely confirm that. Their press statements a few weeks ago, combined with them cutting the dividend, all left me feeling nervous and uninspired. That's too bad really because I have an emotional attachment to Henderson from days of old, they were my first client when I joined the firm plus Jenna Bannard seemed to be full of promise - I will begin to look at the right time to offload.

Finally, my most significant action was to go into cash about ten days ago, I freed up a further 18% giving me a 20% cash balance - I almost certainly wouldn't have done that had I not been following my funds and the business news every day, plus listening to my gut which was rumbling something fierce, I was very lucky there.

BTW my best performing asset since I started investing is CG-LTF which has done great things at times.