Gold funds stand out, reflecting global market volatility.

The Treasurist All Fund Index, which reflects the overall picture of all funds, has increased by +1.81%.

The top 3 fund indices with the highest positive changes are:

• The precious metals commodity mutual fund index saw the largest increase, +7.47%.
• The Asia-Pacific equity fund index increased by +6.16%.
• The Vietnam Equity Fund Index showed an increase of +4.86%.

The top 3 fund indices with the highest negative changes are:

• The Indian Equity Mutual Fund Index saw the largest decline, down 6.07%.
• The bond mutual fund index with a duration of more than 3 years decreased by -2.00%.
• The U.S. equity fund index changed by -1.26%, respectively.

Author's view

Data from December 24, 2568 to January 21, 2569: During December and January 2569, global financial markets experienced increased volatility due to unrest between the US and Venezuela, and the US-Greenland conflict. However, the financial world acknowledged these events without panic and continued to move forward positively.

The USD Index fell sharply to its lowest level in almost four months, causing the THB/USD to strengthen (automatically when the USD weakens), closing at 31.19. This strengthening continued from the previous period. When the USD Index weakens, it is inevitable that investors will shift more towards gold due to the "search for return" mechanism (moving towards assets that offer a better return potential), pushing gold above 4,800 USD/Oz, a new all-time high.

Major US stocks, as well as those in Japan, South Korea, Europe, and Vietnam, remain in all-time highs, while US tech stocks are stable in an upward trend.

Treasurer has recommended hedging against foreign exchange risk from December 8, 2568, to preserve portfolio returns and mitigate volatility from currency movements during that period.

Above The Line: Examples of funds whose prices change above the group index

Based on the fund index change data, Treasureist presents examples of funds with higher NAV changes than the group index over the same period as follows:

Precious Metals Commodity Fund: Invest in gold or precious metals traded on the global market. Examples of funds include:

• Eastspring Gold Bullion Fund-UH (ES-GOLDBULLION-UH)
• SCB Gold Open Fund Accumulated value type (SCBGOLD)
• MFC International Gold Fund (IGOLD-G) - Open-ended fund for general investors.

Asia Pacific Equity Fund: Investing in or holding equity instruments in Asian countries such as:

• Krungsri Asian Equity Hedge FX Fund - Accumulation (KFHASIA-A)
• UOB Smart Asia Open Fund (UOBSA)
• MFC Asia Alpha Open-ended Fund (M-ASIA)

Vietnam Equity Mutual Funds: Investing in or holding equity instruments of Vietnam, for example:

• MFC Vietnam Opportunity Fund (MVIET)
• Eastspring Vietnam Active Equity Fund (ES-VIETNAM)
• LH Vietnam Accumulation Fund (LHVN-A)

Data from the overall Treasury Index Funds helps investors see the changing investment market conditions and, importantly, can identify outstanding and underperforming fund groups at different times, allowing them to select funds that outperform the index (Outperforming funds in top fund categories). This should be useful for investment decisions at a practical level.