Back at the tail end of 2012, I started a portfolio of 20 Singapore small caps that I find interesting and track them throughout the year. These posts are updates of the results.
You can actively view this portfolio at a live Google spreadsheet here.
Half a year have gone by and we are currently having a correction that is taking the STI index from 3480 pts to near 3150 pts.
We are back to where we started for the STI Index. So how have our Small Caps portfolio done?
You can review the back commentaries here:
For a year where the STI have revert back to the starting line, this portfolio performed exceptionally, still making a 13% gain.
Part of the reason is that i recorded the dividends returned during this half year.
The total gain for the year is 15.9% currently.
After dividends, only CH Offshore is in the red.
The reason for the outperformance is probably due to it not having any REITs or Blue Chip dividend stocks.
It lends the argument that the outperformance of the market currently was due to foreign fund flows finding and speculating a safe yield haven.
These stocks are just darn too small for them to be invested!
Well not all, Marc Faber mentioned he likes Kingsmen according to The Edge.