Weekly Market Update - 6 March 2017

Dated 06-03-2017


Market Outlook


Equity Market Outlook
 
  • Local market rallied in line with regional peers due to foreign inflows.
 
  • We remain positive on the Malaysia market.
o   Foreign shareholding is low and cumulative foreign inflows is still near Global Financial Crisis (GFC) level
o   Inflows should resume should risk sentiment improves as the US economy improves
 
  • The funds are positioned in some export stocks, large cap stocks that have been sold down and sectors that may benefit from government pump-priming such as consumer and construction sectors.
 
 
Fixed Income Outlook
 
  • The sovereign bond market fell last week on increasing expectations of a rate hike in March by the Federal Reserve. Hawkish comments by policymakers coupled with positive economic data reinforced investors’ expectation.
 
  • As expected Bank Negara maintained its monetary policy last week, adding that it was upbeat on both inflation and growth prospects. The central bank is likely to maintain its monetary policy in the near to medium term.
 
 
Fund

 
% Growth MYR
31/12/14 to
 3/3/17
31/12/15 to
 3/3/17
31/12/16 to
 3/3/17
 3/3/16 to 3/3/17
 3/3/14 to
3/3/17
3/3/12 to
3/3/17
3/3/07 to
3/3/17
Since
1/1/2015
Since 1/1/2016 YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs
Hong Leong Growth Fund 15.89 7.54 8.70 12.58 14.67 36.31 69.85
Hong Leong Penny Stock Fund 32.60 11.61 8.21 14.05 35.15 68.73 141.49
Hong Leong Consumer Products Sector Fund 26.18 12.56 1.28 10.13 19.04 44.94 193.76
Hong Leong Dana Makmur 17.46 3.87 6.12 7.11 16.72 32.39 77.26
Hong Leong Dividend Fund 26.44 15.43 7.61 14.86 27.42 51.61 94.43
Hong Leong Asia-Pacific Infrastructure Fund 11.09 5.43 6.02 10.54 7.44 5.23 -
Hong Leong Asia-Pacific Dividend Fund 16.26 9.20 7.30 14.95 14.56 17.05 17.33
Hong Leong Hong Kong Equity Optimizer Fund 14.02 6.34 4.54 20.63 -1.37 14.57 -
Hong Leong Balanced Fund 21.36 6.86 5.74 8.05 22.94 38.91 95.81
Hong Leong Dana Maa'rof 12.34 2.98 4.22 4.78 12.31 23.28 79.56
Hong Leong Strategic Fund 15.87 11.12 6.00 13.30 15.57 33.02 69.25
Hong Leong Strategic Opportunity Fund - - 8.11 11.12 - - -
Hong Leong Bond Fund 6.47 3.13 0.79 2.01 10.80 15.87 43.14
Hong Leong Wholesale Bond Fund 9.29 5.24 1.03 3.83 13.48 - -
Hong Leong Institutional Bond Fund 8.39 4.89 1.02 3.84 11.85 18.05 38.73
Hong Leong Islamic Income Management Fund 7.07 3.67 0.86 3.01 9.99 15.45 -
Hong Leong Income Management Fund 8.23 4.34 0.60 3.64 11.18 17.91 -
Hong Leong Islamic Institutional Income Management Fund II  7.53 4.00 0.56 3.31 10.17 - -
Hong Leong Money Market Fund 7.87 4.24 0.63 3.57 - - -
Source: Lipper for Investment Management, as at 3 March 2017. Past performance is not necessarily indicative of future performance. 


 
 
 
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