This is my mid-year portfolio update. I have sold down my First State unit trusts. While they have served me well, the fund manager Martin Lau is no longer young and its time to move on to low cost unit trusts and ETF. Basically, I have transitioned my First State China into two dividend ETFs, 3070.HK and 3110.HK. The top 10 components of these ETFs are totally different so they are complementary (Claude AI also thinks so). First State Bridge being a balanced fund gets transitioned into the Lion Global All Seasons Funds.
Due to capital gains, OCBC enters the XL category while A$ appreciation helped ASX 200 ETF IOZ enter the L category.
As I posted earlier, Astrea VI PE Bond was redeemed just before stock prices jumped so I managed to deploy most of the money into equities.
