Weekly Market Update - 24 October 2016

Dated 24-10-2016


Market Outlook


Equity Market Outlook
 
  • Market has been quiet lately as investors prefer to stay on the sidelines before the outcome of the US election next month.
 
  • The Budget 2017 was within expectations as the government seeks to reduce the budget deficit to 3.0% next year.
 
  • We maintain our view that Malaysia would be the least susceptible to external shocks compared to other ASEAN peers as Malaysia saw the smallest foreign inflows YTD.
 
 
Fixed Income Outlook
 
  • The 2017 budget announcement on Oct 21 reaffirmed the nation’s commitment to fiscal consolidation. However revenue assumptions were considered aggressive and it remains to be seen if they can be achieved.
 
  • Overall, the budget was in line with investors’ expectation and the bond market rose slightly by 1-2bps.
 
 
 
 
Fund

 
% Growth MYR
31/12/14 to
 21/10/16
31/12/15 to
 21/10/16
 21/10/15 to 21/10/16
 21/10/13 to
21/10/16
21/10/11 to
21/10/16
21/10/06 to
21/10/16
Since 1/1/2015 YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs
Hong Leong Growth Fund 10.09 2.16 0.65 13.23 41.76 94.89
Hong Leong Penny Stock Fund 27.27 7.12 7.12 34.43 77.73 182.00
Hong Leong Consumer Products Sector Fund 29.44 15.46 19.15 24.70 70.70 253.74
Hong Leong Dana Makmur 15.77 2.37 2.92 16.88 44.33 108.21
Hong Leong Dividend Fund 22.53 11.86 13.41 22.39 63.58 125.88
Hong Leong Asia-Pacific Infrastructure Fund 6.55 1.11 -0.95 0.95 11.86 -
Hong Leong Asia-Pacific Dividend Fund 11.84 5.05 8.01 7.74 21.10 16.79
Hong Leong Hong Kong Equity Optimizer Fund 6.10 -1.06 -5.34 -7.01 13.00 -
Hong Leong Balanced Fund 18.77 4.58 5.13 22.03 46.07 120.99
Hong Leong Dana Maa'rof 11.65 2.34 2.75 12.71 31.51 107.26
Hong Leong Strategic Fund 12.60 7.97 9.53 15.03 41.20 112.69
Hong Leong Bond Fund 7.35 3.97 4.56 11.35 18.40 53.44
Hong Leong Wholesale Bond Fund 9.24 5.20 6.02 13.43 - -
Hong Leong Institutional Bond Fund 7.62 4.14 4.87 11.25 19.04 39.98
Hong Leong Islamic Income Management Fund 6.11 2.74 3.45 9.42 16.02 -
Hong Leong Income Management Fund 6.88 3.04 3.80 10.99 17.71 -
Hong Leong Islamic Institutional Income Management Fund II  6.31 2.82 3.53 9.98 - -
Hong Leong Money Market Fund 6.52 2.94 3.64 - - -
Source: Lipper for Investment Management, as at 21 October 2016. Past performance is not necessarily indicative of future performance. 


 
 
 
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