2022 was a bad year for stocks around the world: Both the S & P 500 and MSCI World index were down nearly 20% for the year. Yet one Asia veteran investor managed to return around 15% for his fund, the Asia Genesis Macro Fund. Singapore-based investor Chua Soon Hock, founder and chief investment officer at Asia Genesis Asset Management, tells CNBC Pro about his best trades last year that contributed to his fund's performance — and what he's betting on this year.
The latter was his worst trade — it lost 1.9%, he said. What he's betting on in 2023 Chua told CNBC Pro he wants to keep last year's strategy of shorting the yen. He said the yen will likely weaken from the recent low of around 128 to 145 by the end of the year. The yen had strengthened after the the Bank of Japan in December unexpectedly widened its target range for 10-year Japanese government bond yields by tweaking its yield curve control policy.
BNB is gonna hit 374,and even 500$ before this year end! Don't be fooled by those pullback to make you forgetting impulsive! ,always trade impulsive
Just buying what herd aren't : +29%. Individual investor.