Weekly Market Update - 3 July 2017

Dated 03-07-2017


Market Outlook


Equity Market Outlook
 
  • Market volume has been relatively subdued in the past few weeks due to the long Raya weekend.
 
  • There was a rise in share price volatility due to the lower volume.
 
  • We remain positive on the Malaysia market.
 
  • Our funds are positioned in selected export stocks, laggard large cap stocks and sectors that may benefit from government pump-priming such as consumer and construction sectors.
       
 
 
Fixed Income Outlook
 
  • The Malaysian Government Securities (MGS) market suffered a sell-off last week as a result of traders reducing exposure after major central banks signaled hawkish outlooks in their respective assessments. Most MGS benchmarks suffered a 10bps yield increase with the 15-year benchmark rising the most by 20bps. We think this correction represents a buying opportunity as we believe domestic fundamentals remain intact. 
 
 
Fund

 
% Growth MYR
31/12/14 
to
 30/6/17
31/12/15 
to
 30/6/17
31/12/16 
to
 30/6/17
30/6/16
to
30/6/17
 30/6/14 
to
30/6/17
30/6/12 
to
30/6/17
30/6/07 
to
30/6/17
Since
1/1/2015
Since 1/1/2016 YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs
Hong Leong Growth Fund 22.92 14.07 15.30 18.10 21.05 46.79 46.83
Hong Leong Penny Stock Fund 39.63 17.52 13.94 16.96 35.36 73.05 110.38
Hong Leong Consumer Products Sector Fund 34.12 19.64 7.65 10.17 21.68 48.41 191.58
Hong Leong Dana Makmur 28.72 13.83 16.30 19.38 21.48 42.26 72.10
Hong Leong Dividend Fund 38.77 26.69 18.10 23.80 34.62 61.22 94.84
Hong Leong Asia-Pacific Infrastructure Fund 14.26 8.44 9.05 11.07 11.80 15.11 -
Hong Leong Asia-Pacific Dividend Fund 24.52 16.96 14.93 22.18 21.50 28.56 12.75
Hong Leong Hong Kong Equity Optimizer Fund 20.50 12.37 10.47 28.17 8.58 35.07 -
Hong Leong Balanced Fund 28.20 12.88 11.69 12.70 26.72 44.10 85.58
Hong Leong Dana Maa'rof 19.17 9.23 10.56 12.13 15.10 28.83 70.43
Hong Leong Strategic Fund 20.88 15.92 10.58 10.43 18.05 40.04 50.87
Hong Leong Strategic Opportunity Fund - - 11.46 14.17 - - -
Hong Leong Bond Fund 7.82 4.44 2.07 1.87 10.61 15.95 43.11
Hong Leong Wholesale Bond Fund 10.97 6.86 2.59 3.43 13.97 - -
Hong Leong Institutional Bond Fund 9.95 6.40 2.47 3.73 12.09 18.52 39.11
Hong Leong Islamic Income Management Fund 8.09 4.66 1.83 2.90 9.79 15.56 32.89
Hong Leong Income Management Fund 9.45 5.52 1.73 3.52 11.32 18.15 -
Hong Leong Islamic Institutional Income Management Fund II  8.59 5.03 1.56 3.17 10.28 - -
Hong Leong Money Market Fund 9.15 5.48 1.82 3.55 - - -
Source: Lipper for Investment Management, as at 30 June 2017. Past performance is not necessarily indicative of future performance. 


 
 
 
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