Satellite Portfolio Updates

 Satellite Portfolio Allocation

Holdings

• SPDR Barclays Capital High Yield Bnd ETF, JNK
• iShares Preferred and Income Securities ETF, PFF
• Vanguard Health Care ETF, VHT
• Invesco QQQ Trust, QQQ
• iShares China Large-Cap ETF, FXI
• VanEck Vectors Semiconductor ETF, SMH

The markets have started to show some retracement recently although there isn’t any major negative news. Perhaps the rally has over extended and people are starting to cut their winning positions. For the US market, the trend upward is still looking good with only minor dips occasionally. I was able to add another ETF during the ‘de-leveraging’ event where hedge funds allegedly sold of their winning positions to cover losses in shorting meme stocks. This increased my ETF holdings for my satellite portfolio to 6 ETFs. I am still looking to increase the allocation of the satellite portfolio and will buy on dips.

The STI, on the other hand, is on a slow and gradual downtrend as the narrative of Singapore recovering from the pandemic did not take off. It is believed that the economy will continue to be lacklustre for a longer period than expected. I will be slowing down my purchases in Singapore market and just let the existing core portfolio to continue to generate income through dividends.

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