Mar 2006 is a rough month for the markets. Its like a roller coaster ride.

We reckon that our current portfolio exposure was a bit high on the risk side in Thailand, Indonesia and China. So we liquidated the FTF Asian Eq and bought DBS Shenton Twin City Sing/HK) to lower the beta (Sing and HK hs greater stability). With so much into Asia, we diversifed into Europe which started looking attractive. Perhaps we can look forward to some upside for Euro too. In addition Healthcare appears on a healthy trend upwards.

Let's see how this unfolds in Mar, as Bernanke reveals his inflation fighting cards.