Weekly Market Update - 9 January 2017

Dated 09-01-2017


Market Outlook


Equity Market Outlook
 
 
  • Local market rebounded in the beginning of the year due to foreign inflows.
 
  • We remain positive on the Malaysia market
 
  • 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
 
  • There was low activity in sovereign bond market with exception of the short end benchmarks. The 3-year benchmark rallied by 7bps whilst other parts of the curve were relatively unchanged.
 
  • The December Federal Open Market Committee (FOMC) minutes released last week highlighted Fed policymakers’ thoughts on the potential expansionary policy which would cause upside risk to economic growth and therefore could pave way to a steeper policy tightening.
 
 
Fund

 
% Growth MYR
31/12/14 to
 6/1/17
31/12/15 to
 6/1/17
31/12/16 to
 6/1/17
 6/1/16 to 6/1/17
 6/1/14 to
6/1/17
6/1/12 to
6/1/17
6/1/07 to
6/1/17
Since
1/1/2015
Since 1/1/2016 YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs
Hong Leong Growth Fund 8.83 0.98 2.07 0.91 8.58 34.14 68.15
Hong Leong Penny Stock Fund 25.22 5.39 2.18 4.73 26.80 64.13 133.60
Hong Leong Consumer Products Sector Fund 24.46 11.02 -0.10 11.26 15.81 47.31 200.41
Hong Leong Dana Makmur 13.01 -0.07 2.10 -0.36 12.16 33.20 78.07
Hong Leong Dividend Fund 19.91 9.47 2.05 9.19 20.21 48.54 95.96
Hong Leong Asia-Pacific Infrastructure Fund 5.64 0.25 0.81 2.24 6.61 10.03 -
Hong Leong Asia-Pacific Dividend Fund 10.35 3.65 1.84 2.98
10.29
19.60 14.72
Hong Leong Hong Kong Equity Optimizer Fund 10.45 3.01 1.26 5.08 -4.78 17.93 -
Hong Leong Balanced Fund 16.46 2.55 1.47 2.38 17.92 38.03 91.44
Hong Leong Dana Maa'rof 9.18 0.07 1.29 -0.15 9.55 23.96 79.49
Hong Leong Strategic Fund 11.32 6.75 1.84 7.63 11.01 33.67 78.84
Hong Leong Bond Fund 5.72 2.40 0.08 2.34 9.91 15.99 42.87
Hong Leong Wholesale Bond Fund 8.23 4.22 0.06 4.19 12.38 - -
Hong Leong Institutional Bond Fund 7.40 3.93 0.10 3.91 10.89 18.00 38.20
Hong Leong Islamic Income Management Fund 6.19 2.83 0.04 2.79 9.14 15.17 -
Hong Leong Income Management Fund 7.66 3.79 0.07 3.73 11.10 17.82 -
Hong Leong Islamic Institutional Income Management Fund II  6.99 3.48 0.06 3.41 10.10 - -
Hong Leong Money Market Fund 7.27 3.66 0.07 3.59 - - -
Source: Lipper for Investment Management, as at 6 January 2017. Past performance is not necessarily indicative of future performance. 


 
 
 
DISCLAIMER: This publication shall not be copied, or relied upon by any person for whatever purpose. The information herein is given on a general basis without obligation and is strictly for information only. This publication is not an offer, solicitation, recommendation or advice to buy or sell any investment product, including any collective investment schemes or shares of companies mentioned within. Although every reasonable care has been taken to ensure the accuracy and objectivity of the information contained in this publication, Hong Leong Asset Management Bhd and its employees cannot be held liable for any errors, inaccuracies and/or omissions, howsoever caused, or for any decision or action taken based on views expressed or information in this publication. The information contained in this publication, including any data, projections and underlying assumptions are based upon certain assumptions, management forecasts and analysis of information available as at the date of this document and reflects prevailing conditions and our views as of the date of the document, all of which are accordingly subject to change at any time without notice. Hong Leong Asset Management Bhd does not warrant the accuracy, adequacy, timeliness or completeness of the information herein for any particular purpose, and expressly disclaims liability for any errors, inaccuracies or omissions. Any opinions, projections and other forward-looking statements regarding future events or performance of, including but not limited to, countries, markets or companies are not necessarily indicative of, and may differ from actual events or results. Nothing in this publication constitutes accounting, legal, regulatory, tax or other advice. The information herein has no regard to the specific objectives, financial situation and particular needs of any specific person. You may wish to seek advice from a professional or an independent financial adviser about the issues discussed herein or before investing in any investment products.