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.


Fund

 
% Growth MYR
31/12/14
to 11
/9/15
11/9/14
to 11
/9/15
11/9/12
to 11
/9/15
11/9/10
to 11/9/15
11/9/05
to 11
/9/15
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




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