BT Random Fund outperforms STI in Jan

THE BT Random Fund, along with the rest of the Singapore market and most parts of the world, got off to a rough start in 2014. Our experimental Singapore collection of 10 randomly chosen stocks is down 1.9 per cent year-to-date.

However, we managed to beat the benchmark Straits Times Index (STI), which was down 4.4 per cent. The STI also performed worse than other major indices like the MSCI World (-3.8 per cent) and America's S&P 500 (-3.6 per cent).

Despite being dragged down by OCBC Bank and Craft Print International, the rest of the portfolio stayed stable, partly due to some illiquid stocks and the outperformance of the shipping companies in the portfolio.