HLAM

Weekly Market Update - 3 July 2017

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
30/6/17

30/6/07 

to
30/6/17

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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