October 2021

I reshuffled the portfolio on 4th October 2021 as 1st October was a National Holiday. The October portfolio consists of the following names:

1. HK Exchange (388)

2. Wuxi Biologics (2269)

3. BYD (1211)

4. Techtronic (669)

5. Anta Sports (2020)

6. Sunny Opticals (2382)

7. Geely Auto (175)

8. China Mengniu Dairy Company Limited (2319)

9. Xinyi Solar (968)

10. Petrochina (857)

11. Citic Limited (267)

The portfolio returned 4.7% as against HSI at 5.6%. However, since April 2021, portfolio strategy has outperformed HSI by 400bps and is down only 8.3%.