Research Articles

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MAPS Portfolio Note: Yesterday’s selloff changed the price, not the thesisManaged Portfolios

MAPS Portfolio Note: Yesterday’s selloff changed the price, not the thesis

Markets sold off yesterday (23 June 2026), and we know many of you are concerned. South Korea’s KOSPI plunged nearly 10%, with circuit breakers triggered twice, and our VanEck Semiconductor ETF (SMH) fell sharply in sympathy with the broader semiconductor selloff. After SMH returned more than 140% over the past year, moves like this come with the territory. What matters is whether the long-term growth story has changed, and we don’t think it has.

By  Tan De Jun, CFA | 24 Jun 2026 |4901 Views
Technology2026FSM MAPS
MAPS Portfolio Note: Apple just said it better than we could — the memory shortage is far from overManaged Portfolios

MAPS Portfolio Note: Apple just said it better than we could — the memory shortage is far from over

When Apple says something has become “unavoidable,” the world pays attention. This week, CEO Tim Cook confirmed to the Wall Street Journal that the company will raise prices on its devices to offset surging memory chip costs. This tells you everything you need to know about the state of the global memory market, and why our conviction in the Global X Asia Semiconductor ETF has only deepened since we added it to your MAPS portfolios in April.

By  Tan De Jun, CFA | 19 Jun 2026 |989 Views
Semiconductors2026FSM MAPS
MAPS portfolios are up as much as 31.9% in a year and we’re just getting startedManaged Portfolios

MAPS portfolios are up as much as 31.9% in a year and we’re just getting started

Markets have been volatile in 2026. Yet through all of it, your MAPS portfolios have delivered. Our Growth portfolios have returned as much as 9.2% year-to-date and up to 31.9% over the past 12 months, beating their benchmarks across every risk profile. These are not lucky outcomes. They are the product of deliberate positioning, active management, and the discipline to stay invested when others are tempted to panic. If you’ve been sitting on the sidelines, this is what you've been missing.

By  Tan De Jun, CFA | 14 May 2026 |4132 Views
2026FSM MAPS
1Q26 was brutal. Here's how MAPS came out ahead Managed Portfolios

1Q26 was brutal. Here's how MAPS came out ahead

War in the Middle East. Oil above USD 110. A steep selloff in software stocks. 1Q26 threw a lot at investors, and yet our MAPS portfolios held their ground. Read on to learn how your portfolios performed, what drove returns, the changes we made in April, and how we have positioned your portfolios for what comes next.

By  Tan De Jun, CFA | 05 May 2026 |3454 Views
MAPS2026
MAPS Portfolio Note: TSMC and SK Hynix just made the case for Asia semiconductorsManaged Portfolios

MAPS Portfolio Note: TSMC and SK Hynix just made the case for Asia semiconductors

We recently increased our Asia ex-Japan exposure from neutral to overweight and initiated a position in the Global X Asia Semiconductor ETF. The latest 1Q26 earnings from two of the ETF’s largest constituents — TSMC and SK Hynix — have validated that decision.

By  Tan De Jun, CFA | 24 Apr 2026 |3292 Views
MAPSSemiconductors2026
Navigating the storm – Four portfolio moves to strengthen your MAPS positioningManaged Portfolios

Navigating the storm – Four portfolio moves to strengthen your MAPS positioning

Markets have thrown a lot at investors in the first quarter of 2026. Between the US–Iran conflict, a sharp spike in oil prices and a painful selloff in software stocks, we know many of you are feeling uneasy. But turbulent markets are precisely when disciplined portfolio management matters most. We have used this period to make four targeted adjustments to your MAPS portfolios – each designed to reduce risk, capitalise on emerging opportunities and position you for the recovery ahead.

By  Tan De Jun, CFA | 17 Apr 2026 |4735 Views
#2026FSM MAPS
MAPS Portfolio Note: Don’t panic – the best returns are made when markets feel the worstManaged Portfolios

MAPS Portfolio Note: Don’t panic – the best returns are made when markets feel the worst

Software stocks are sliding, oil has spiked past USD 100, and war headlines are dominating the news. We understand if it feels like the wrong time to invest. But if history is any guide, moments like these have often turned out to be some of the best.

By  Tan De Jun, CFA | 20 Mar 2026 |6686 Views
2026FSM MAPS
Up nearly 17% in 2025 — How MAPS is positioning for an even stronger 2026Managed Portfolios

Up nearly 17% in 2025 — How MAPS is positioning for an even stronger 2026

After achieving close to 17% gains in 2025, the focus now shifts to what comes next. We outline where we see the most compelling opportunities—and how MAPS is positioned to seize them in the year ahead.

By  Tan De Jun, CFA | 13 Feb 2026 |3671 Views
MAPSJapanDigital Economy2026
MAPS Portfolio Note: Reiterating our long-term conviction in the digital economyManaged Portfolios

MAPS Portfolio Note: Reiterating our long-term conviction in the digital economy

Worried about the recent tech pullback? While markets may be rattled, we’re focused on the bigger picture — and our conviction in the digital economy’s long-term growth potential remains strong.

By  Tan De Jun, CFA | 06 Feb 2026 |2455 Views
MAPSTechnology2026
October 2025 MAPS Update: Two big portfolio moves you shouldn’t missManaged Portfolios

October 2025 MAPS Update: Two big portfolio moves you shouldn’t miss

As the third quarter wraps up, let’s see how our MAPS portfolios have performed! Plus, we’ll walk you through two key changes we’ve made — and why they matter for your investments.

By  Tan De Jun, CFA | 10 Oct 2025 |3351 Views
FSM MAPS2025