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HwangDBS Select Income Fund

Jessica Tess Cambensy is a popular model from Chicago 

HwangDBS SIF is paying off handsomely for the past two years since I poured some stake into it. The fund is headed by Ms.Esther Teo who is the head of Hwang's Fixed Income and has the prestigious CFA certification. http://hwangim.com/cms/about-us/head-of-fixed-income. One reason SIF is capable of generating better returns is due to its capital allocation of minimum 70% fixed income and up to 30% equities. Most of the time as much as 50% of fixed income are into bonds. I have noticed a few key items:-


1.Equity investment scope is global in nature with very big emphasis on Asian  stocks; companies that are monopolistic and generally non-cyclical. They also do have stable history of good dividends as far as my eye can see. I have no qualms for the focus on EM (emerging markets). Since the 09 crisis, we can clearly see that EM economies continuously playing a bigger role with China as the centerpiece. EM now constitutes 83% of the world's population, 75% of global foreign reserves, ~50% global exports and 35% of global GDP!


2. Fixed income securities; NO history of defaults! As far as I know Hwang has a stringent criteria selection process therefore landing it with a perfect track record since the fund's inception back in January 2005. SIF employs active currency hedging. It works like this, when MYR is strong hedging is employed but when MYR is weak unhedging applies.  For example in the year 2010 all Asian currencies show short term strengthening bias and therefore all non-Asian currency positions are hedged back to MYR. At that time fund flow to Asian region was strong (because money will never flow into the Developed Economies due to their staggered and slow recovery) leading to sustained Asian currency strength.


I for one do not like what is happening in EU with their debt laden economies. I am extremely satisfied when HwangDBS SIF decided to sell all their EU exposure back in 2011 and now has more Asian credits. To name a few Public Bank and PTT Exploration (Thai's top 10 company and is in the O&G business). We are half way now into 2012 and I should expect HwangDBS to move a little bit of their overweight holdings out from China to more mature developed economies in Asia. This is due to inflation concerns and credit tightening in China. We shall see when their interim report for 2012 comes out in June. Fingers crossed. As of now SIF remains a solid investment portfolio and is performing slightly better than I expected!! You can read back how I picked mutual funds (I do not pick 100% equities fund as I rather invest it myself). 
http://aboiwealthpot.blogspot.com/2010/05/of-unit-trusts-mutual-funds.html
http://aboiwealthpot.blogspot.com/2011/04/give-me-break-pb-fund-fanatics.html

Above these highlighted ones..I simply don't understand why they are so costly!!

Hwang's SIF the leading Mixed Assets MYR Conservative Fund!

It's Not Just A Protest, It's Progress! Najib, Wake Up laaa...

I for one felt compelled to write how I feel after seriously witnessing the shocking police brutality of Bersih 3.0. Regardless of it being largely peaceful, one should always expect some extremists & hot heads. For disallowing a peaceful gathering due to some slim chance of it turning ugly because of these hot heads is truly undemocratic. Look at the bigger picture (the 99% of those who turned up), are undoubtedly dissatisfied with the electoral system. These 99% constitutes all wakes of life; young, old, disabled, CEOs, managers, parents with their kids, teachers, students and etc. They number in the 250,000 if not for the constant roadblocks, disruptions in public transportation like the LRT, MRT, monorail and bus. It would have been easily 500k if not for these extreme measures taken by the government. And most importantly they came without UPAH/BAYARAN (not paid), just theirs boots, water bottle and spirit!!!


What awfully saddens me is how the mainstream media spin the entire event as the rakyat's disobedience and fault. A humongous amount of valuable pictures are shown online be it Facebook, Twitter or blogs has clearly shown how we as Malaysians regardless of race, religion or background can come together for a common cause for a peaceful sit down rally event. Where is the media report on that? Speaking of violence, why the need to fire rounds after rounds of tear gas if just a handful of protesters were too emotional or rowdy. Can't you just arrest them on the spot?? The extent of the crackdown was terribly shocking and unnecessary. Chemical laced water cannons and tear gas laid waste on unsuspecting Rakyats. You were shooting at kids too!! The police under no circumstances (not even self defense) have the right to BEAT people up. People of all races helped each other, passing out salt, water, carrying those whom were injured to one side. I've never seen Malaysian so united before in my lifetime. And on 428, Malaysians put aside any differences not because of "1 Malaysia" but because all we want is just a FREE and FAIR election.


There were 85 locations around the world holding Bersih 3 rallies. Only one was marred with violence and the only one with a major police presence. Coincidence Najib? Why is it so fucking hard to let people sit down in Dataran Merdeka (Independence Square) but so fucking easy being a spinster? Can you the number of angry bird balloons out there? The people are angry and 250k + countless number who are overseas and could not turn up is enough to tell you that his kind of rally is not a MINORITY movement nor is it an ISOLATED event, it's worldwide. Wake the fuck up laaa Najib...


The global event in 35 countries last Saturday proves it. With each passing Bersih rally and with Bersih International, all I can see is that many more are now coming forward without fear. It takes time and courage but I am so damn proud of every single Malaysian out there fighting for what is simply just RIGHT to do and this is where we have progressed so much. Your passion is incredibly addictive. Malaysia cannot never afford a Malaysian Spring. The Arab nations that woke up to their oppressive governments have not attained any degree of stability. Taking it to the streets is one thing but we must also proactively take to the hearts and minds of all Malaysians. What you can do?


1. Alert all Malaysians to the fact that something terribly wrong is going on.
2. Educate all Malaysians to the reality of where we are heading as a nation.
3. Engage all Malaysians to become a part of what is right.


No propaganda is as powerful as person-to-person word of mouth. Let all Malaysians have the opportunity to learn the truth and may the truth set them free. Keep the momentum going and have Yellow Saturdays every week until all the demands for Free and Fair elections become a reality. After 428, I can truly say that I am proud to be a Malaysian.


There comes a time where one must take a position that is neither safe nor politic nor popular -- but one must take it simply because it is right
-Martin Luther King-