Market Outlook
Equity Market Outlook
- We maintain positive view on Malaysia.
- Potential oil price production cut by Organization of the Petroleum Exporting Countries (OPEC) should remove share price overhang.
- Foreign ownership in Malaysia remains low and hence least susceptible to external shocks compared to other ASEAN peers.
Fixed Income Outlook
- The latest minutes and comments from Federal Reserve policymakers indicated that members were divided about holding rates and were highly likely for rates to rise by the end of the year. The recent depreciation of the ringgit and risk-off sentiment has caused the MGS market to correct between 1-13bps.
- This week, focus will be upon the government’s Budget for 2017, which we think will be a mix between fiscal consolidation and populist measures.
|
Fund |
% Growth MYR |
|||||||||
|
31/12/14 to 14/10/16 |
31/12/15 to 14/10/16 |
14/10/15 to 14/10/16 |
14/10/13 to 14/10/16 |
14/10/11 to |
14/10/06 to |
|||||
|
Since 1/1/2015 |
YTD |
1 Yr |
3 Yrs |
5 Yrs |
10 Yrs |
|||||
|
Hong Leong Growth Fund |
8.91 |
1.06 |
1.50 |
11.72 |
39.86 |
92.95 |
||||
|
Hong Leong Penny Stock Fund |
26.14 |
6.17 |
7.45 |
33.92 |
76.15 |
178.72 |
||||
|
Hong Leong Consumer Products Sector Fund |
28.70 |
14.80 |
18.21 |
24.99 |
69.80 |
255.35 |
||||
|
Hong Leong Dana Makmur |
15.40 |
2.04 |
2.82 |
17.05 |
44.11 |
107.76 |
||||
|
Hong Leong Dividend Fund |
21.70 |
11.11 |
14.08 |
21.59 |
62.61 |
123.32 |
||||
|
Hong Leong Asia-Pacific Infrastructure Fund |
6.46 |
1.03 |
-0.03 |
0.89 |
10.41 |
- |
||||
|
Hong Leong Asia-Pacific Dividend Fund |
10.71 |
3.99 |
10.68 |
7.12 |
18.04 |
16.24 |
||||
|
Hong Leong Hong Kong Equity Optimizer Fund |
5.75 |
-1.38 |
-3.63 |
-8.42 |
12.18 |
- |
||||
|
Hong Leong Balanced Fund |
18.23 |
4.11 |
5.51 |
21.92 |
45.41 |
120.08 |
||||
|
Hong Leong Dana Maa'rof |
11.32 |
2.04 |
2.79 |
12.91 |
31.49 |
106.49 |
||||
|
Hong Leong Strategic Fund |
12.31 |
7.70 |
9.85 |
15.34 |
40.91 |
110.99 |
||||
|
Hong Leong Bond Fund |
7.27 |
3.90 |
4.62 |
11.48 |
18.35 |
53.85 |
||||
|
Hong Leong Wholesale Bond Fund |
9.19 |
5.15 |
6.15 |
13.38 |
- |
- |
||||
|
Hong Leong Institutional Bond Fund |
7.52 |
4.05 |
4.86 |
11.35 |
18.95 |
39.90 |
||||
|
Hong Leong Islamic Income Management Fund |
6.05 |
2.68 |
3.45 |
9.51 |
16.02 |
- |
||||
|
Hong Leong Income Management Fund |
6.82 |
2.97 |
3.80 |
10.98 |
17.68 |
- |
||||
|
Hong Leong Islamic Institutional Income Management Fund II |
6.23 |
2.75 |
3.53 |
9.95 |
- |
- |
||||
|
Hong Leong Money Market Fund |
6.46 |
2.87 |
3.65 |
- |
- |
- |
||||
Source: Lipper for Investment Management, as at 14 October 2016. Past performance is not necessarily indicative of future performance.
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