Model Portfolio : January 2008 Review

Download @ http://www.sendspace.com/file/ob6vd8

January performance. The model portfolio was not spared from the market
downturn in January, although the decline of 2.77% as at 31 January 2008 vs. 31
December 2007 was slightly less than the KLCI’s drop of 3.58% over the same
period (see Table 4). Not surprisingly, the plantation stocks in the portfolio were
the worst-performing, down 1.20% on a weighted basis for the month, mostly
dragged down by the smaller cap CBIP and partly offset by a small gain for KLK.
The power, oil & gas and construction (except for WCT Engineering) stocks were
similarly poor performers, due mainly to previous big gains during 2007. Measured
sector-by-sector against the KLCI (see Table 2), the portfolio’s outperforming
sectors were banks (-0.09%), gaming (+0.09%), building materials (+0.53%) and
telecoms (+0.20%).