Weekly Market Update - 5 June 2017

Dated 05-06-2017


Market Outlook


Equity Market Outlook
 
  • Last Friday U.S. non-farm payroll was weaker than expected, resulted in less than absolute certainty of a June rate hike in next week’s Federal Open Market Committee (FOMC) meeting.
 
  • Nevertheless market expectation of a 0.25% hike is still intact.
 
  • Malaysian corporate earnings first quarter results are just over - 16% reported better than expected, 43% was below and the balance 41% was in line.
 
  • Expects market to range bound this week ahead of FOMC meeting.       
 
 
Fixed Income Outlook
 
  • The Malaysian Government Securities (MGS) market was relatively uneventful last week, with market taking a breather after a strong rally in the past 2 months. The 10-year benchmark ended 1bps lower for the week whilst most other benchmarks ended flat.
 
  • US non-farm payroll disappointed on Friday, with 138k jobs created which was lower than expected. The market priced in a lower rate hike probability at 85% after the release, although most participants still expect the Federal Reserve to hike rates in June.
 
 
Fund

 
% Growth MYR
31/12/14 
to
 31/5/17
31/12/15 
to
 31/5/17
31/12/16 
to
 31/5/17
31/5/16
to
31/5/17
 31/5/14 
to
31/5/17
31/5/12 
to
31/5/17
31/5/07 
to
31/5/17
Since
1/1/2015
Since 1/1/2016 YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs
Hong Leong Growth Fund 21.04 12.32 13.53 17.57 18.87 47.35 52.35
Hong Leong Penny Stock Fund 39.18 17.15 13.58 17.99 35.88 77.10 111.99
Hong Leong Consumer Products Sector Fund 33.07 18.71 6.82 10.04 20.34 52.11 199.58
Hong Leong Dana Makmur 26.15 11.55 13.98 16.62 20.87 43.05 77.73
Hong Leong Dividend Fund 37.60 25.62 17.11 23.34 34.27 63.55 99.82
Hong Leong Asia-Pacific Infrastructure Fund 14.44 8.61 9.22 10.92 11.34 14.34 -
Hong Leong Asia-Pacific Dividend Fund 20.92 13.57 11.60 18.81 16.40 26.36 12.44
Hong Leong Hong Kong Equity Optimizer Fund 19.22 11.18 9.30 25.17 5.59 32.93 -
Hong Leong Balanced Fund 27.25 12.05 10.87 12.38 26.67 45.35 85.25
Hong Leong Dana Maa'rof 17.29 7.51 8.81 10.25 14.51 29.16 70.96
Hong Leong Strategic Fund 20.79 15.83 10.50 12.91 18.18 42.89 55.24
Hong Leong Strategic Opportunity Fund - - 11.33 14.06 - - -
Hong Leong Bond Fund 7.78 4.40 2.03 2.24 10.84 16.50 41.65
Hong Leong Wholesale Bond Fund 10.87 6.77 2.50 3.93 14.33 - -
Hong Leong Institutional Bond Fund 9.70 6.15 2.24 3.93 12.21 18.70 39.12
Hong Leong Islamic Income Management Fund 7.84 4.42 1.59 2.96 9.89 15.59 32.92
Hong Leong Income Management Fund 9.15 5.22 1.45 3.55 11.29 18.11 -
Hong Leong Islamic Institutional Income Management Fund II  8.34 4.78 1.32 3.21 10.30 - -
Hong Leong Money Market Fund 8.83 5.17 1.52 3.55 - - -
Source: Lipper for Investment Management, as at 31 May 2017. Past performance is not necessarily indicative of future performance. 


 
 
 
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