Dear Investors,
After plunging about 15% from its April lows, the S&P 500 recovered to a new all-time high in just 89 trading days, making it the fastest ever rebound to a record high in recent history.
As you know, we have been busy during this period deploying your funds to good use. I thank you for the trust placed in me by entrusting even more of your hard-earned cash. With the fund infusion, cash made up 17.46% of the portfolio. As such, I have closed all fundraising activities until further notice.
MyNest US Fund is up 7.9% at the half-year mark. This result, while only short-term, beats the S&P 500 returns of 5.5% year to date.
The Rise of the Robotaxis
Notably, the month of June saw the launch of Tesla’s robotaxi in Austin, Texas. The introduction of Tesla fleet now gives Waymo, the autonomous driving leader owned by Google a run for its money.
The launch of Tesla’s robotaxi, however, still requires a safety passenger, while Waymo cabs using lidar sensors are fully autonomous. It will be interesting to see how long Tesla takes to send their robotaxi onto the road in Austin autonomously.
Meanwhile, a day after the Tesla event, Waymo launched on Uber in Atlanta, making it the 2nd city in a row in collaboration with Uber. Our thesis on Uber is that it supercharges autonomous vehicles, making them more efficient and thus maximising revenue for robotaxis.
New Investments
MyNest US Fund became new owner of Lululemon and Salesforce during the month. Both companies have a track record of growing revenue and earnings. As such, the addition of these new investments should make our portfolio more resilient.
MyNest US Fund Portfolio Compositions
MyNest US Fund Performance
The S&P 500 gained further ground during Jun, driven again by the Magnificent 7. Our portfolio continues to struggle to keep pace with the gains, but maintains a slim lead by 2.4%. I would not be surprised MyNest US Fund is overtaken by the index by year end especially if more upside entails.
Segment Chart
MyNest US Fund’s cash level at 17.46% allows us to continue to look for opportunities to deploy and grow the portfolio. However, I am closing the fundraising upon further notice as I do not wish for cash to build up and hence putting a drag on the fund’s performance.
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The SRS Fund Sep 2026
Sep brought a modest recovery in the SRS Fund, but it also left me thinking more carefully about how much of Singapore’s current economic and market strength is connected to the AI investment cycle.
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MyNest US Fund Sep 26
The month of Sep brought together two developments that matter to our portfolio: Further progress in the field of AI and a sharp increase in long-term interest rates.
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The SRS Fund Aug 2026
Aug’s economic update provided another reminder of how closely Singapore has become connected to the global investment in AI and semiconductors.
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MyNest US Fund Aug 26
The idea behind the “SaaSpocalypse” was simple: if artificial intelligence could write software, generate content and complete business tasks, what would happen to the software companies charging customers to do those things?
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The SRS Fund Jul 2026
For much of 2026, the market’s attention has been firmly fixed on AI, semiconductors and anything connected to the massive build-out in computing infrastructure.
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MyNest US Fund Jul 26
After spending a long period watching the artificial intelligence infrastructure build-out from the sidelines, we finally decided to join the party—albeit cautiously.
