Weekly Market Update - 22 May 2017

Dated 22-05-2017


Market Outlook


Equity Market Outlook
 
  • Recent economic data in Malaysia reflects a positive economic outlook for the country.
 
  • We expect improving external demand to have a positive impact on the local economy.
 
 
Fixed Income Outlook
 
  • The sovereign bond market traded firmer last week on demand by offshore investors. As widely expected, Bank Negara maintained its monetary policy last week and reiterated its neutral stance. We reaffirm the outlook should remain stable for the remainder of the year. Inflation moderated in April to 4.4%, suggesting the peak may have passed.
 
  • Standard & Poor’s (S&P) raised Indonesia to Investment grade last Friday. Indonesian stocks, bonds rallied after the announcement. We saw some overflow demand into the local sovereign bond market, late Friday.
 
 
Fund

 
% Growth MYR
31/12/14 to
 19/5/17
31/12/15 to
 19/5/17
31/12/16 to
 19/5/17
 19/5/16 to 19/5/17
 19/5/14 to
19/5/17
19/5/12 to
19/5/17
19/5/07 to
19/5/17
Since
1/1/2015
Since 1/1/2016 YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs
Hong Leong Growth Fund 21.71 12.94 14.16 17.93 21.48 50.78 51.69
Hong Leong Penny Stock Fund 40.74 18.46 14.85 19.12 38.27 83.67 114.22
Hong Leong Consumer Products Sector Fund 33.61 19.19 7.25 11.03 20.99 55.70 198.47
Hong Leong Dana Makmur 27.89 13.09 15.55 17.55 22.20 48.96 77.24
Hong Leong Dividend Fund 38.95 26.85 18.26 23.88 35.66 68.67 96.35
Hong Leong Asia-Pacific Infrastructure Fund 14.73 8.89 9.50 12.62
12.94
18.13 -
Hong Leong Asia-Pacific Dividend Fund 19.81 12.53 10.57 17.49 17.09 27.50 11.93
Hong Leong Hong Kong Equity Optimizer Fund 18.38 10.40 8.53 30.47 9.34 33.03 -
Hong Leong Balanced Fund 28.06 12.76 11.57 12.76 27.73 48.41 83.46
Hong Leong Dana Maa'rof 18.31 8.45 9.76 10.81 15.58 32.37 70.87
Hong Leong Strategic Fund 22.60 17.57 12.15 14.75 20.75 47.48 53.86
Hong Leong Strategic Opportunity Fund - - 13.50 16.40 - - -
Hong Leong Bond Fund 7.66 4.28 1.92 2.16 10.80 16.55 40.98
Hong Leong Wholesale Bond Fund 10.76 6.65 2.39 3.86 14.31 - -
Hong Leong Institutional Bond Fund 9.51 5.97 2.06 3.83 12.13 18.68 39.02
Hong Leong Islamic Income Management Fund 7.73 4.32 1.49 2.94 9.82 15.60 32.84
Hong Leong Income Management Fund 9.03 5.10 1.33 3.56 11.27 18.08 -
Hong Leong Islamic Institutional Income Management Fund II  8.23 4.68 1.22 3.22 10.27 - -
Hong Leong Money Market Fund 8.70 5.04 1.40 3.55 - - -
Source: Lipper for Investment Management, as at 19 May 2017. Past performance is not necessarily indicative of future performance. 


 
 
 
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