Market Outlook
Equity Market Outlook
- It was relatively quiet in the Malaysian market in the past week due to the Labour Day holiday.
- Indonesian market saw some weakness due to funds outflow.
- We maintain our bottom-up stock picking strategy for the funds.
Fixed Income Outlook
- The Malaysian Government Securities (MGS) market remained flat and was quiet last week due to investors remaining on the sidelines ahead of the Federal Open Market Committee (FOMC) meeting and the Bank Negara Malaysia (BNM) policy meeting this week. The FOMC statement turned out to be a non-event and signaled little to the market. Meanwhile, Bank of Thailand surprised the market by easing its policy rate by 25 basis points to 1.5%.
- There are a few events to look forward to this week. We have the Reserve Bank of Australia (RBA) interest decision, which is widely expected for a cut, the UK election and BNM’s policy meeting on May 7.
|
Fund |
% Growth MYR |
|||
|
31/12/14 to 30/4/15 |
30/4/14 to 30/4/15 |
30/4/12 to 30/4/15 |
30/4/10 to 30/4/15 |
|
|
YTD |
1 Yr |
3 Yrs |
5 Yrs |
|
|
Hong Leong Growth Fund |
10.93 |
9.75 |
33.98 |
46.77 |
|
Hong Leong Penny Stock Fund |
15.66 |
13.71 |
47.17 |
70.26 |
|
Hong Leong Consumer Products Sector Fund |
12.27 |
1.49 |
27.40 |
85.04 |
|
Hong Leong Dana Makmur |
12.27 |
7.32 |
27.09 |
48.80 |
|
Hong Leong Dividend Fund |
7.60 |
5.01 |
28.89 |
55.97 |
|
Hong Leong Hong Kong Equity Optimizer Fund |
15.55 |
5.84 |
21.92 |
- |
|
Hong Leong Asia-Pacific Dividend Fund |
2.27 |
-0.69 |
2.92 |
4.23 |
|
Hong Leong Asia-Pacific Infrastructure Fund |
8.39 |
4.38 |
3.56 |
0.00 |
|
Hong Leong Balanced Fund |
9.78 |
9.52 |
25.49 |
45.91 |
|
Hong Leong Dana Maa'rof |
7.61 |
4.98 |
18.43 |
33.47 |
|
Hong Leong Strategic Fund |
6.40 |
3.74 |
25.21 |
40.73 |
|
Hong Leong Bond Fund |
1.63 |
4.71 |
10.18 |
19.82 |
|
Hong Leong Wholesale Bond Fund |
1.90 |
5.26 |
- |
- |
|
Hong Leong Global Bond Fund |
1.62 |
-0.23 |
9.08 |
16.54 |
|
Hong Leong Asia-Pacific Income Plus Fund |
2.32 |
4.15 |
11.19 |
- |
|
Hong Leong Institutional Bond Fund |
1.69 |
4.29 |
10.38 |
18.00 |
|
Hong Leong Islamic Income Management Fund |
1.19 |
3.38 |
8.74 |
14.85 |
|
Hong Leong Income Management Fund |
1.24 |
3.49 |
9.82 |
15.99 |
|
Hong Leong Islamic Cash Management Fund |
1.07 |
3.21 |
- |
- |
|
Hong Leong Islamic Institutional Income Management Fund II |
1.11 |
3.16 |
- |
- |
Source: Lipper for Investment Management, as at 30 April 2015
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