Elections in a Trumphant World
The US Presidential Election took centre stage for the month of November. Global stocks then rallied on the back of Donald Trump’s return to the white house. The euphoria took place across all asset classes, led by crypto, as bitcoin rallied past the 100k mark.
The spillover effects are evident in the equity markets as indexes hit all-time highs in anticipation of an overall boost to the business environment despite threats of a looming trade war.
Closer to home, the Straits Times Index inch closer to its all-time historical high, led by the banking sector as the optimism spread across markets. The SRS Fund which has a significant banking component benefited from this rally.
The SRS Fund has gained 18.2% year to date versus the STI benchmark of 16.3%. While it seems The SRS Fund has outperformed, the truth is the result only matches the benchmark return at best since I have not included the dividend payout for the STI, which will likely be in the range of 3.5% – 4.5%.
Portfolio Segments
With the rally in the bank stocks, several past investments had lagged behind. Aztech Global had a really big drawdown due to orders drying up and the manufacturing sector took a beating.
While near-term results for manufacturing seem bleak including stocks like Venture, Powermatic and Aztech, I still believe the looming trade war may till the balance again to these non Chinese manufacturers.
Dividends
The dividend collected so far is $1,530 in the 4th quarter. The full-year dividend is expected to come in at around $18k, making another year of record for The SRS Fund.
SRS Fund Value
The SRS Fund rallied to an all-time high of $450,424.38. Making the most gain in a single year during its 16 years history.
Cash Levels
Cash level remains low as The SRS Fund is fully invested in this historic equity market rally.
-
The SRS Fund Jun 2026
The month of Jun provided an important milestone in the Iran conflict. The agreement between the United States and Iran marked a significant step towards reducing geopolitical tension and reopening a clearer path for global energy flows
-
MyNest US Fund Jun 26
June was another remarkable month in the evolution of the global capitalism and the artificial intelligence investment cycle.
-
The SRS Fund May 2026
Korea, powered by the worldwide shortage and surge in memory demand, was hit directly by the AI wave, with its stock market more than doubling in a matter of 5 months. Taiwan, already the world’s most important advanced chip manufacturing hub has risen to become one of the largest stock market globally.
-
MyNest US Fund May 26
May has been an incredibly illuminating month for the MyNest US Fund. Looking across the broader landscape, the S&P 500 Index has continued its steady leg up, gaining +5.15% in the month of May alone to push its Year-to-Date (YTD) gain to +10.73%.
-
The SRS Fund Apr 2026
In my investment journey, there have been three occasions where I witnessed a company deliver a 10x return.
-
MyNest US Fund Apr 26
The market rebounded strongly in April as investors appeared to look past geopolitical uncertainty and renewed their focus on earnings, artificial intelligence, and the long-term growth prospects of quality businesses.
MYNEST.SG 