For Feb 2020, Shalom Fund return a year-to-date performance of 5.70% while STI index year-to-date return is -6.57%. Shalom fund outperform STI index by 12.27%.
- Global market rout caused by the coronavirus fear is one of the worst since the financial crisis in 2008. The outbreak has infected over 80,000 people globally and has now killed over 2800 people.
- S&P500 suffered an 11% drop over 5 days in one of its worst weekly sell-down since Oct 2008. The S&P500 fell into correction territory in the shortest time since the great recession. The Dow Jones Industrial Average has plunged 12% for the week, falling to its lowest level since June.
- The 10-year treasury yield dropped to a new record low as more cash was funneled into defensive asset
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