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I noticed that MACSX has 27.8% of net assets in their top 10 holdings and of that, 8.5% is in three stocks located in Singapore.
Singapore Technologies Engineering, Ltd. 3.4% Keppel Corp., Ltd. 2.6% United Overseas Bank, Ltd. 2.5%
And of the 60 some odd holdings in the funds, my guess is that there are 4 or 5 more out of Singapore.
Of all my dedicated holdings in the Pacific/Asia, developed and emerging markets arena (about 8% of my total portfolio), are in MACSX and MAPIX. I also hold SGOVX and ARTKX.
MACSX has been slipping for a while now and MAPIX is not getting off to good start in 2014.
I am wondering if it is long overdue to re-allocate some from MACSX and MAPIX to SGOVX and ARTKX (which is 73% greater Europe). Or, since MACSX and MAPIX are located in two different retirements accounts and I have a lot of versatility, possibly some other international fund combination. Being that MAPIX has a soft close, I would want to keep some position in it.
I have owned MACSX for over ten years and have no intention of selling. I just posted the article about Singapore as I had not seen anyone else forecasting a meltdown of its economy. Although the real estate is frothy and there can be some correction, I doubt there will be a melt-down like Iceland.
Comments
Singapore Technologies Engineering, Ltd. 3.4%
Keppel Corp., Ltd. 2.6%
United Overseas Bank, Ltd. 2.5%
And of the 60 some odd holdings in the funds, my guess is that there are 4 or 5 more out of Singapore.
Of all my dedicated holdings in the Pacific/Asia, developed and emerging markets arena (about 8% of my total portfolio), are in MACSX and MAPIX. I also hold SGOVX and ARTKX.
MACSX has been slipping for a while now and MAPIX is not getting off to good start in 2014.
I am wondering if it is long overdue to re-allocate some from MACSX and MAPIX to SGOVX and ARTKX (which is 73% greater Europe). Or, since MACSX and MAPIX are located in two different retirements accounts and I have a lot of versatility, possibly some other international fund combination. Being that MAPIX has a soft close, I would want to keep some position in it.
Your thoughts would be appreciated.
Mona
Some other observations.
GDP contracted (-2.7%) in last quarter
http://www.tradingeconomics.com/singapore/gdp-growth
Debt to GDP is improving
http://www.tradingeconomics.com/country-list/government-debt-to-gdp