Weekly Market Update - 14 September 2015

Dated 14-09-2015

Market Outlook

Equity Market Outlook

  • We expect this week to be quiet in view of a mid-week public holiday.
  • We expect investors to be on the sideline prior to the Federal Open Market Committee (FOMC) rate decision.
  • We maintain our positive view on the Malaysia market.
Fixed Income Outlook
  • The Malaysian Government Securities (MGS) market saw little activity last week as investors preferred to stay on the sidelines ahead of the FOMC decision and the Monetary Policy Committee (MPC). The curve flattened marginally with yields on the short end rising. Looking ahead in the coming week, we think the sovereign market will not be affected materially by the Fed decision. At current levels, we see limited downside should the Fed decide to hike as the real money should provide a base support. Should the Fed maintain the status quo, we see limited upside since market participants would have priced in a hike by the end of the year.
  • On Friday, Bank Negara decided to hold its key rate at 3.25%, as expected by most economists.


% Growth MYR
to 11
to 11
to 11
to 11/9/15
to 11
YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs
Hong Leong Growth Fund 2.12 -3.01 25.03 31.70 87.90
Hong Leong Penny Stock Fund 11.33 4.53 36.27 59.04 159.57
Hong Leong Consumer Products Sector Fund 5.53 -3.01 15.07 56.71 203.17
Hong Leong Dana Makmur 7.42 3.39 17.77 41.57 96.45
Hong Leong Dividend Fund 2.32 -4.36 15.30 41.88 94.63
Hong Leong Asia-Pacific Infrastructure Fund 2.61 -2.78 0.06 -6.42 -
Hong Leong Asia-Pacific Dividend Fund -4.77 -10.18 -1.97 -2.97 -
Hong Leong Hong Kong Equity Optimizer Fund 6.12 -2.98 22.29 - -
Hong Leong Balanced Fund 8.38 3.10 20.83 40.82 110.61
Hong Leong Dana Maa'rof 4.99 2.53 12.14 29.47 110.24
Hong Leong Strategic Fund -2.45 -8.16 15.73 26.18 116.67
Hong Leong Bond Fund 2.07 2.96 8.95 19.64 53.37
Hong Leong Wholesale Bond Fund 2.36 3.34 - - -
Hong Leong Global Bond Fund -9.43 -12.49 -6.02 6.44 -
Hong Leong Asia-Pacific Income Plus Fund -1.13 -0.71 3.16 - -
Hong Leong Institutional Bond Fund 2.08 2.91 9.18 17.37 -
Hong Leong Islamic Income Management Fund 2.17 3.08 8.67 14.98 -
Hong Leong Income Management Fund 2.57 3.65 10.07 16.48 -
Hong Leong Islamic Institutional Income Management Fund II 2.32 3.32 - - -
Source: Lipper for Investment Management, as at 11 September 2015

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.

Hong Leong Group   |   Download Adobe Reader
The website is optimized for Google Chrome browser 1024px resolution