The global equities raced higher for a fifth straight month since the lowest point in March. The US market, which has been the most robust market in the recent months, continued to anchor the equity market with the S&P and Nasdaq reaching new all-time highs once again.
This article talks about our Omakase Income portfolio. This could not have come at a more strategic time as the world reels from the effects of COVID-19
All three MYTHEO functional portfolios ended the month of July positively despite the US economy shrinking by 32.9% in the second quarter, which was the worst ever economic contraction in US history.
We hope you enjoyed our first lifestyle investing article on the ‘Myths of Robo-Advisory, Part 1’. We’re back with the ‘Myths of Robo-Advisory, Part 2’ today as we aim to tackle more myths that investors may have about investing in our Digital Investment Management platform.
For June, the weaker US Dollar (USD) masked down the returns of all MYTHEO functional portfolios in Malaysian Ringgit (MYR) as only the Growth and Inflation Hedge portfolios were up, while the Income portfolio declined.
MYTHEO will soon be approaching its 1-year anniversary this 28 June 2020. As the 1st Digital Investment Management (DIM) service by a Malaysian fintech company, we have had an amazing year growing more than 22% on a month-to-month basis.
The financial market continues trending upward for a second month. In the past year, the US market and US Dollar assets have been pivotal to MYTHEO’s performance. However, it went the other way around in May, as international assets and non-USD exposures performed much better.
Economic red flags were scattered across April 2020. The International Monetary Fund (IMF) forecasted that the current global economic downturn is much deeper than that of the financial crisis in 2008. Amazingly, all the negative news of bad economic data and dovish forecasts did little to stop the stock market from rallying.
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Financial markets around the world and MYTHEO portfolios were generally weaker in the month of March due to the rapid rise of COVID-19 infections globally, especially in North America and Europe.
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To all MYTHEO investors, I hope this note finds you and your dear ones well, safe and healthy. It is indeed a challenging time for us all.
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