Weekly Market Update - 14 November 2016

Dated 14-11-2016

Market Outlook

Equity Market Outlook
  • Outflows from Asia-Pacific region intensified last week.
  • We remain positive on the Malaysia market
    • Foreign shareholding is low and cumulative foreign inflows is near Global Financial Crisis (GFC) level
    • Inflows should resume should risk sentiment improves as the US economy improves
Fixed Income Outlook
  • The sovereign bond market fell last week on rising Treasury yields after the Presidential vote. The 5-year and 10-year benchmark rose 45 and 32bps respectively as foreign investors rushed for the exit due to fear of further outflows from emerging market debt.
  • In the week ahead, Bank Negara will decide on its monetary policy in the last monetary policy meeting on Nov 23. Based on the current outlook and financial conditions, we think the central bank is likely to maintain its policy rate to stem further capital outflow from the system. 

% Growth MYR
31/12/14 to
31/12/15 to
 11/11/15 to 11/11/16
 11/11/13 to
11/11/11 to
11/11/06 to
Since 1/1/2015 YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs
Hong Leong Growth Fund 6.77 -0.92 -2.35 10.26 35.52 81.57
Hong Leong Penny Stock Fund 22.64 3.23 2.01 29.11 69.44 161.17
Hong Leong Consumer Products Sector Fund 28.20 14.36 16.80 23.06 65.14 237.57
Hong Leong Dana Makmur 12.41 -0.60 -0.92 13.75 38.24 94.49
Hong Leong Dividend Fund 18.90 8.54 8.74 19.41 56.67 109.81
Hong Leong Asia-Pacific Infrastructure Fund 6.57 1.14 -0.71 3.68 7.05 -
Hong Leong Asia-Pacific Dividend Fund 9.21 2.58 2.23 5.39 15.58 12.63
Hong Leong Hong Kong Equity Optimizer Fund 6.88 -0.32 -3.38 -5.45 12.49 -
Hong Leong Balanced Fund 15.86 2.01 1.51 19.08 41.45 108.89
Hong Leong Dana Maa'rof 9.41 0.29 0.21 10.66 28.00 97.33
Hong Leong Strategic Fund 11.63 7.05 8.11 14.00 38.47 104.65
Hong Leong Bond Fund 6.37 3.03 3.57 10.28 17.24 50.86
Hong Leong Wholesale Bond Fund 8.92 4.88 5.63 13.09 - -
Hong Leong Institutional Bond Fund 7.62 4.14 4.79 11.39 18.85 39.62
Hong Leong Islamic Income Management Fund 6.19 2.82 3.35 9.33 15.92 -
Hong Leong Income Management Fund 7.09 3.24 3.78 11.02 17.74 -
Hong Leong Islamic Institutional Income Management Fund II  6.50 3.01 3.52 10.03 - -
Hong Leong Money Market Fund 6.72 3.13 3.62 - - -
Source: Lipper for Investment Management, as at 11 November 2016. Past performance is not necessarily indicative of future performance. 

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