Weekly Market Update - 9 November 2015

Dated 09-11-2015


Market Outlook


Equity Market Outlook
 
  • US economy added 271,000 jobs in October, better than market consensus forecast. Unemployment rate dropped to 5.0%. With this good set of job numbers, FED is expected to start their interest rate normalization in this up-coming December’s Federal Open Market Committee Meeting (FOMC) meeting.
 
  • Expect USD to stay buoyant against the emerging currencies until the start of the rate hike by FOMC.
 
  • Strategy: Remain focused on export oriented industries that will benefit from a strong USD and construction sector which will benefit from the on-going government spending.
 
Fixed Income Outlook 
 
  • On the local front, trading volume in local govvies was lighter last week ahead of US labour market report which is crucial in deciding whether there is a higher possibility of US interest rate hike in December.
 
  • Bond market foreign holdings as at 31 October recorded a positive inflow across instruments, predominantly in short-term (ST) Bills. The data shows that the foreigners are still interested in Malaysia despite the weakened Ringgit but the inflow might not persist in coming months as US FOMC meeting outcome will be the theme for the coming months.    




Fund

 
% Growth MYR
31/12/14 to 6/11/15 6/11/14 
to 
6/11/15
6/11/12
to 
6/11/15
6/11/10
to 6/11/15
6/11/05
to 
6/11/15
YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs
Hong Leong Growth Fund 10.03 6.45 30.94 33.65 108.46
Hong Leong Penny Stock Fund 20.89 14.36 45.08 63.81 192.03
Hong Leong Consumer Products Sector Fund 9.87 8.38 17.18 53.48 220.78
Hong Leong Dana Makmur 13.73 7.46 23.67 42.19 113.80
Hong Leong Dividend Fund 9.47 4.08 20.63 43.54 111.53
Hong Leong Asia-Pacific Infrastructure Fund 8.31 7.33 -0.94 -15.00 -
Hong Leong Asia-Pacific Dividend Fund 7.02 4.56 6.87 -1.61 -
Hong Leong Hong Kong Equity Optimizer Fund 11.81 8.65 13.31 - -
Hong Leong Balanced Fund 14.43 10.06 26.17 43.78 127.89
Hong Leong Dana Maa'rof 9.36 5.88 16.43 30.90 121.56
Hong Leong Strategic Fund 3.73 1.89 19.81 25.56 131.27
Hong Leong Bond Fund 2.81 3.12 9.38 20.38 53.86
Hong Leong Wholesale Bond Fund 3.24 3.58 - - -
Hong Leong Global Bond Fund -4.95 -7.40 -4.21 8.78 -
Hong Leong Asia-Pacific Income Plus Fund 0.09 0.67 5.82 - -
Hong Leong Institutional Bond Fund 2.74 3.22 9.34 17.61 38.05
Hong Leong Islamic Income Management Fund 2.73 3.14 8.83 15.13 -
Hong Leong Income Management Fund 3.14 3.69 10.18 16.63 -
Hong Leong Islamic Institutional Income Management Fund II  2.84 3.35 - - -
Hong Leong Money Market Fund 2.95 3.34 - - -
Source: Lipper for Investment Management, as at 6 November 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