Sunday 9 June 2013

IAPD.L Purchased

My investment portfolio has seen a fairly sharp decline in the past 2 weeks, as emerging market & asia pacific equities & currencies have suffered more than most following the FOMC's hints at reigning back their loose monetary policies.

I've seen this as a buying opportunity for an ETF i've been looking to buy for a long time, the iShares Asia Pacific Select Dividend ETF.  It has a high weighting to Australia & New Zealand Financials,, Telecoms, Consumer Services & Industrials, and is currently yielding around 5%.  Whilst the Australian currency has had a sharp pull back against the USD, i still believe the long term prospects for this region to be strong.

I bought at 2135p, which is around a 13% pull back from its recent high.  Whilst i'm by no means certain the pull back is complete, it has unwound almost all its year to date gains and thus felt like a good buying opportunity to add some solid high yielding names to the portfolio.
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2 comments:

  1. Best Alternative Investments12 June 2013 at 09:56

    Emerging markets have indeed taken a serious hit, and my EM bond portfolio has been slaughtered!

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  2. bean counter12 June 2013 at 20:56

    Tell me about it! my ETF portfolio is around 5% down in the last 2 weeks, with adverse currency movements compounding the equities pull back.

    I'm tempted to keep buying, but will probably hold back a bit as i don't think these recent moves have finished yet.

    Thanks for visiting
    Beancounter

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