Market Outlook
Equity Market Outlook
- Market volume has been relatively subdued in the past few weeks due to the long Raya weekend.
- There was a rise in share price volatility due to the lower volume.
- We remain positive on the Malaysia market.
- Our funds are positioned in selected export stocks, laggard large cap stocks and sectors that may benefit from government pump-priming such as consumer and construction sectors.
Fixed Income Outlook
- The Malaysian Government Securities (MGS) market suffered a sell-off last week as a result of traders reducing exposure after major central banks signaled hawkish outlooks in their respective assessments. Most MGS benchmarks suffered a 10bps yield increase with the 15-year benchmark rising the most by 20bps. We think this correction represents a buying opportunity as we believe domestic fundamentals remain intact.
Fund |
% Growth MYR |
||||||||||
31/12/14 to 30/6/17 |
31/12/15 to 30/6/17 |
31/12/16 to 30/6/17 |
30/6/16 to 30/6/17 |
30/6/14 to 30/6/17 |
30/6/12
to |
30/6/07
to |
|||||
Since 1/1/2015 |
Since 1/1/2016 |
YTD |
1 Yr |
3 Yrs |
5 Yrs |
10 Yrs |
|||||
Hong Leong Growth Fund |
22.92 |
14.07 |
15.30 |
18.10 |
21.05 |
46.79 |
46.83 |
||||
Hong Leong Penny Stock Fund |
39.63 |
17.52 |
13.94 |
16.96 |
35.36 |
73.05 |
110.38 |
||||
Hong Leong Consumer Products Sector Fund |
34.12 |
19.64 |
7.65 |
10.17 |
21.68 |
48.41 |
191.58 |
||||
Hong Leong Dana Makmur |
28.72 |
13.83 |
16.30 |
19.38 |
21.48 |
42.26 |
72.10 |
||||
Hong Leong Dividend Fund |
38.77 |
26.69 |
18.10 |
23.80 |
34.62 |
61.22 |
94.84 |
||||
Hong Leong Asia-Pacific Infrastructure Fund |
14.26 |
8.44 |
9.05 |
11.07 |
11.80 |
15.11 |
- |
||||
Hong Leong Asia-Pacific Dividend Fund |
24.52 |
16.96 |
14.93 |
22.18 |
21.50 |
28.56 |
12.75 |
||||
Hong Leong Hong Kong Equity Optimizer Fund |
20.50 |
12.37 |
10.47 |
28.17 |
8.58 |
35.07 |
- |
||||
Hong Leong Balanced Fund |
28.20 |
12.88 |
11.69 |
12.70 |
26.72 |
44.10 |
85.58 |
||||
Hong Leong Dana Maa'rof |
19.17 |
9.23 |
10.56 |
12.13 |
15.10 |
28.83 |
70.43 |
||||
Hong Leong Strategic Fund |
20.88 |
15.92 |
10.58 |
10.43 |
18.05 |
40.04 |
50.87 |
||||
Hong Leong Strategic Opportunity Fund |
- |
- |
11.46 |
14.17 |
- |
- |
- |
||||
Hong Leong Bond Fund |
7.82 |
4.44 |
2.07 |
1.87 |
10.61 |
15.95 |
43.11 |
||||
Hong Leong Wholesale Bond Fund |
10.97 |
6.86 |
2.59 |
3.43 |
13.97 |
- |
- |
||||
Hong Leong Institutional Bond Fund |
9.95 |
6.40 |
2.47 |
3.73 |
12.09 |
18.52 |
39.11 |
||||
Hong Leong Islamic Income Management Fund |
8.09 |
4.66 |
1.83 |
2.90 |
9.79 |
15.56 |
32.89 |
||||
Hong Leong Income Management Fund |
9.45 |
5.52 |
1.73 |
3.52 |
11.32 |
18.15 |
- |
||||
Hong Leong Islamic Institutional Income Management Fund II |
8.59 |
5.03 |
1.56 |
3.17 |
10.28 |
- |
- |
||||
Hong Leong Money Market Fund |
9.15 |
5.48 |
1.82 |
3.55 |
- |
- |
- |
Source: Lipper for Investment Management, as at 30 June 2017. Past performance is not necessarily indicative of future performance.
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