Tariff Anticipations
As the new US president gets to work. The world is anticipating his policies that will likely impact many businesses and countries. As a global trade hub, Singapore and its businesses are closely monitoring this development and will try to adapt accordingly.
One area I feel Singapore should start early is in the field of cryptocurrency. As a financial hub, Singapore depends on the free flow of currencies for trade and businesses. Any new form and development should be considered and experimented with for the country to be a leading financial hub in this part of the world.
The SRS Fund continued its momentum from last year as it moved up 1.6%. This is fairly inline with the STI Benchmark of 1.8% increased.
In January, iFast was added to the SRS Fund. The addition of iFast is an admission of a long-drawn mistake of trading within the SRS Fund many years back.
iFast was a component of the SRS Fund many years back and bought around $1.00, and its potential as a business was already apparent. The stock was subsequently sold for $1.20 due to my impatience with their slow China venture.
In the end the SRS Fund can only buyback 1/10th of its holdings at a price more than 6 times it has sold for. It is indeed a painful lesson.
Portfolio Segments
With iFast in the portfolio, the SRS Fund is even more skewed towards the finance sector. This can be explained by the fact that Singapore is a financial hub and there is robust growth in this sector. Hence I am not too concerned about the overweighting of this sector in particular.
Dividends
No dividend was received as we head into the busy earnings season. Dividends are expected to match or even exceed 2024 in the year ahead.
SRS Fund Value
With the expected dividend collected and reasonable growth, the SRS Fund will likely move past the half-million mark for the first time in 2025.
Cash Levels
The cash level remains low at around 2.9% and is expected to grow with dividends streaming in after the earnings reporting period.
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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
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MyNest US Fund Jun 26
June was another remarkable month in the evolution of the global capitalism and the artificial intelligence investment cycle.
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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.
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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%.
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The SRS Fund Apr 2026
In my investment journey, there have been three occasions where I witnessed a company deliver a 10x return.
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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 