With a blink of an eye, we have zoomed past the first quarter of the year. One of the significant events that have taken place thus far would include the Trump-Kim summit that has occurred for the second time in Feb 2019. The meeting was however cut short with no agreement reached.
The US Fed has recently indicated on 20 March that the interest rate will be held steady with no rate hike this year, putting the range of fed fund rate at 2.25% to 2.5%. Even though it may have been a welcoming reprieve for investors in the REITS market, the Fed has signalled signs of weakening economic activity and global growth uncertainty.
In the local context, the STI has surged from 3038.89 at the start of the year to 3212.88 in March, ending the first quarter with a rise of 5.73%.
Similarly, the SGX S-REIT 20 Index has been on a steady rise from 1212.436 in January to 1346.046 in March, recording a gain of 11.02% in just three months.
Action in Q1
It has been a dull quarter for me as I have not taken any action to load up on any stocks.
In Feb, I have accepted the general offer for M1 which I have elaborated in greater depth in the previous post. Though it does not occupy a significant proportion of the portfolio, it is nevertheless the first loss-making position that I have closed.
Portfolio
(Click to enlarge)
The first quarter has been marked with preponderance of positive sentiment in market's favour. Despite the divestment of M1 and the lack of capital injection, I am thankful that the market value of my portfolio has increased by 2.38% to $102,417.61 in the first three months of 2019.
Against the backdrop of STI ETF's YTD time-weighted return of 3.14%, the portfolio has returned 7.43%, a margin of 4.29%.
Dividend
(Click to enlarge)
I am rather pleased with the dividend collected so far, largely contributed by the collection in the month of March. Compared to 1Q2018, the dividend collected has increased by 1,454% to $1,235.21, mainly due to the result of capital injection into stocks and reits last year.
The dividend collected from this quarter is contributed by the following securities:
Month
|
Payment Date
|
Security
|
Dividend
|
January
|
15 Jan
|
ABF SG Bond ETF
|
$131.00
|
February
|
21 Feb
|
STI ETF
|
$84.00
|
28 Feb
|
Starhill Global REIT
|
$192.10
| |
March
|
28 Mar
|
CapitaRetail China Trust
|
$241.50
|
28 Mar
|
Far East HTrust
|
$120.00
| |
29 Mar
|
Cromwell European REIT
|
$466.61
|
Average Dividend/Month : $412.74 (over 3-months period)
* Exchange Rate
1 EUR : 1.5225 SGD
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