1st up, I’d clarify, as I’ve always done so for previous quarterly report cards, that I track returns using XIRR. So this means that the time value of cash is taken into account in the results, but it also skews the annualized XIRR figures for now, as it’d assume the exact same rate of return for the rest of the year.

For 1Q 2018, STI ETF produced a XIRR of 4.01%, inclusive of dividends.

TTI’s portfolio, inclusive of US holdings and options, produced a XIRR of 6.22%. 

AUM grew to $1,462,273.22, inclusive of capital injections, of which almost 35% is kept as SGD cash at the point of writing this.

TBH, I was a tad disappointed despite beating STI ETF slightly, in a period of heightened volatility. Perhaps my expectations were too high, but it felt like I was running away from STI ETF ...