Here’s the Logic of the measure to produce the performance table
– Final book value between the last trading day close of the years
– Excel XIRR Dollar weighted is more rational as Time is Money and reflect portfolio growth rate of an investor better
As above, Equity return for year 2017 is 13.5%. This is quite a good year but still fall short of this year STI Index hitting 18.25% excluding dividends. The main reasons are due to lack of significant bank exposure and mute Telco returns. Despite so, able to achieve double digit returns should be satisfied.
For reference, annualized returns since 2007 (below chart) , is still ahead of STI Index. Do note STI index 0.8% excludes dividends. I am truly humbled through simulation that is not easy …