For the period of slightly over five months from Feb 23 to Aug 2, our global portfolio underperformed most benchmarks with a return of –2.8%. This is mainly attributed to Nasdaq-listed CrowdStrike Holdings, which saw its share price almost halve within a week after the global IT outage on July 19. CrowdStrike lost 30.0% in our portfolio and was our worst performer, followed by Tokyo-listed Nippon Paint, which lost 21.8% at the onset of interest rate hikes in Japan. The rate hikes also contributed to the Nikkei 225’s poor returns for the period, as it was the worst benchmark with –7.4% returns.
Timing the market accurately and consistently is something 99% of investors will not be able to do as they do not have the resources and luck for it. This is especially relevant for fundamental, value-based investors where discipline and thorough quantitative and qualitative analysis is key to success.
Our Top 10 global portfolio follows the philosophy of buying undervalued stocks based on fundamental indicators and analysis. Readers and investors should note that the stock picks are not a direct call to buy, but instead part of a framework to guide them in making investment-related decisions based on their individual risk profiles and objectives.
