But S&P 500 hit record high last Friday.

One disturbing article from Yahoo! Finance:

New World Order: How A China Slowdown Will Benefit the U.S.

URL: http://finance.yahoo.com/blogs/daily-ticke...-121528242.html

S&P hits new high, surpassing the previous intraday high of 1,687.18.

Idea Of The Week: 2 New Recommended Unit Trusts [19 July 2013]

1. EASTSPRING INVESTMENTS DINASTI EQUITY FUND
2. HWANG SELECT ASIA (EX JAPAN) QUANTUM FUND

URL: http://www.fundsupermart.com.my/main/resea...?articleNo=3642



This post has been edited by David83: Jul 20 2013, 12:31 AM

Today's seminar conclusion:

1. OSK-UOB speakers is bullish on small cap either in locally or Asia Ex Japan.
2. Hwang DBS speaker is still bullish on Asia Ex Japan and promoted their two star Asia Ex Japan funds.
3. Eastspring speaker talks about China but no impressive outlook or strategy from them.
4. FSM speaker emphasize on developed market.

One of the speaker mentioned that they expected the wave to shift from ASEAN to North Asian (Greater China) region in early 2013 and that doesn't take place.

PGSF?

I don't know who's Jennifer. The MC? She's pretty!

From what the Hwang DBS speaker shared, HAF is hoarding cash now at 30%. Waiting for opportunity.

FSM fund choice: Alliance Global Equities Fund with 34% exposure in G5.

So what is our bet?

US or Asia ex Japan?

1. China is definitely slowing down and won't grow as fast as last decade with double digit growth in GDP. China is on its multi-year efforts on reforming its economy structure to become domestic driven and to resolve shadow banking and local government debt issue. They can afford to slow down till 6.5% of GDP (the point of hard landing)

2. Europe or Eurozone won't be out from the sovereign debt mess so fast. Therefore, they won't recover that fast and that much. The stock market is doing pretty well recently is not because of the domestic (Eurozone) economy is doing well. It is mainly contributed by earnings from MNCs which most of their revenues come from Asia particularly China.

3. Japan is printing money till they hit 2% of inflation target and tried to suppress strong. This may take longer period than expected.

4. US is definitely on track of recovery. Recent economic data is pointing to good figures and that's why Bernanke can afford that to stay of chance of tapering QE3. This will bring 10-year US bond back to the level pre-QE2. Outflow of fund from emerging market hit their currencies and USD is getting stronger.

5. Asia ex Japan and particular ASEAN has attractive valuation due to the recent correction. That also includes China and Hong Kong but China gain needs to spread longer as they have a lot of reform to take place.

Disclaimer: Above points are quoted from today's seminar. I don't take any credits from them and I tried my best to recover what I remembered.

Buffett said US economy will be a good stage if "When the U.S. gets back up to a million housing starts a month, Buffett says the unemployment rate will fall below 7%."

URL: http://www.forbes.com/sites/investor/2011/...ey-to-recovery/

That's why OSK-UOB speaker is promoting small cap locally and regionally:

OSK-UOB SCOUT
OSK-UOB EOUT.

OSK-UOB SCOUT is mainly Malaysia focus with small cap companies of market capitalization up to RM 750 million.

http://www.fundsupermart.com.my/main/fundi...number=MYOSKSCO

OSK-UOB ECOT has regional focus (uo to 30%) with small cap companies of market capitalization up to RM 1.5 billion

http://www.fundsupermart.com.my/main/fundi...umber=MYOSKEOUT

This post has been edited by David83: Jul 21 2013, 12:40 AM

CIMB APDIF is mainly investing based on stock selection but I guess they'll focus on large cap more.

I have global fund already - Aberdeen Islamic World Equity Fund - Class A

Don't know about its country allocation.

Sold off my Public South East Asia Select Fund.

Bought Hwang Select Asia (ex Japan) Quantum Fund.

How about RHB-GS US Equity fund?

I still have CIMB Asia Pacific Dynamic Income Fund. It's also ASEAN heavy!