Skip to main content

Asset Class Returns As At 28 Feb 2009

It is very useful to look at how differing asset classes have performed on a month by month basis as markets are so volatile and it pays to get a pulse on the dying patient, being rolled in and out of ICU. The best asset to be in for February, ta-dah... is cash or better still 3 month T-bills.

What is gratifying is that emerging market bonds have stopped falling. Its good in the sense that the wholesale selling wave have dried up, or rather the de-leveraging process have almost dried up.

TIPs is headed for a big burst as the amount of money running into TIPs has been ridiculous. Selling has continued for bonds of foreign developed markets, primarily in European countries.

Emerging market equities have fallen only half as much as US stocks and foreign developed market equities, a significant sign that investors are finally differentiating the global impact. yes, it has and will hit emerging markets but they should be better equipped to reflate compared to the US and Europe.


Like I said in January, REITs will still be the worst asset to be in, the carnage continues in REITs, dropping by a whopping 21% in February alone.

p/s photo: Anna Tsuchiya


Arn said…
Is AIG a buy at 42 cents ?

Popular posts from this blog

My Master, A National Treasure

REPOST:  Its been more than two years since I posted on my sifu. This is probably the most significant posting I had done thus far that does not involve business or politics. My circle of close friends and business colleagues have benefited significantly from his treatment.

My Master, Dr. Law Chin Han (from my iPhone)

Where shall I start? OK, just based on real life experiences of those who are close to me. The entire Tong family (Bukit Kiara Properties) absolutely swear that he is the master of masters when it comes to acupuncture (and dentistry as well). To me, you can probably find many great dentists, but to find a real Master in acupuncture, thats a whole different ballgame.

I am not big aficionado of Chinese medicine or acupuncture initially. I guess you have to go through the whole shebang to appreciate the real life changing effects from a master.

My business partner and very close friend went to him after 15 years of persistent gout problem, he will get his heavy attacks at least…

Long Weekends

Passengers - Go Watch It

Passengers. Brilliant story telling. Visionary yet believable. Like Martian, only better. Space travel, science, romantic, desolation, philosophical, mortality n its devastation, spectacular imagery. Being human n humane. 9.7/10