Review
Fund Category : Asia excluding Japan
Top 10 Best Performing Fund for Category Asia Excluding Japan (click Image to Enlarge):
 |
| Top 10 Best Performing Fund for Asia Excluding Japan |
2 Weeks Gain/Loss Ranking Table for Category Asia Excluding Japan:
|
Fund Name
|
YTD as of
30th March 2013 |
YTD as of
16th April 2013 |
2 Weeks
Gain / Loss (%) |
2 Weeks Gain/
Loss Rankings |
Previous
2 Weeks Gain/Loss Rankings |
|
Public Islamic Asia
Dividend Fund
|
-2.35
|
-4.59
|
-2.24
|
6
|
3
|
|
Public Asia Ittikal Fund
|
-3.47
|
-5.32
|
-1.85
|
4
|
4
|
|
Eastspring Investments
Asia Pacific Shariah Equity Fund
|
2.08
|
-0.11
|
-2.19
|
5
|
6
|
|
MAAKL Shariah
Asia-Pacific Fund
|
-4.14
|
-5.36
|
-1.22
|
2
|
7
|
|
PB Islamic Asia Equity
Fund
|
-4.12
|
-6.56
|
-2.44
|
7
|
5
|
|
Pheim Asia Ex-Japan
Islamic
|
0.39
|
0.31
|
-0.08
|
1
|
1
|
|
CIMB Islamic Asia Pacific
Equity Fund
|
0.76
|
-2.08
|
-2.84
|
9
|
9
|
|
Hong Leong Asia-Pacific
Dividend Fund
|
1.65
|
0.23
|
-1.42
|
3
|
2
|
|
Eastspring Investments
Asia Pacific Equity MY Fund
|
-0.18
|
-2.78
|
-2.6
|
8
|
8
|
|
Public Regional Sector
Fund
|
Newcomer
|
5.26
|
N/A
|
N/A
|
N/A
|
|
AVERAGE 2 WEEKS GAIN/LOSS (%)
|
-1.88
|
||||
Review of Asia Excluding Japan Funds:
For the past 2 months, we witness the average gain/loss for the Top 10 funds under the category Asia Excluding Japan suffering continuous losses. Total average loss for the past 8 weeks stands at -4.17%. In terms of individual fund performance, CIMB Islamic Asia Pacific Equity Fund (CIAPEF) is the biggest loser for the 2 consecutive review, shedding 2.84% from its NAV.
Looking at the brighter side, shedding only -0.08% as compared to the category average of -1.88% is Pheim Asia Ex-Japan Islamic (PAEJI) fund. FYI, this is Pheim's second consecutive review being ranked first in terms of 2 Weeks Gain/Loss. During the past 1 month of poor performance, PAEJI has proven itself to be the most resilient by making the least amount of losses as compared to its peers.
The recent decline in the Asia Pacific Excluding Japan funds been largely linked to the China/Hong Kong and South Korea. Worries about the current bird flu situation at China turning into an epidemic has affected the overall performance of China equities. The lower then expected growth in China for the first Quarter has also contributed to the poor market performance. South Korea equities suffered losses over the past couple of weeks due to rising tension of war threats by North Korea.
Let's take a look at the asset allocation of the best performing fund (PAEJI) and the worst performing fund (CIAPEF):
PAEJI Asset Allocation:
CIAPEF Asset Allocation:
Comparing both funds, you can see the CIAPEF exposure to South Korean Equities is about 21% of its NAV as compared to PAEJI whom only allocates 8.31% of its NAV. This explains why CIAPEF have been making making losses that are higher then its peer.
In the previous review, I mentioned that a certain fund by the name of Hwang Asia Quantum Fund not being listed in the top 10 and that I will check with the site that provides the data for the top 10 fund. This is the response that I got from them:
In summary, if you're looking to invest into the Asia Pacific market, I would highly recommend Hwang Asia Quantum Fund as the choice of investment despite not being listed in the top 10 funds ranking. Short term/speculating investors who thinks that the Asia Pacific market will recover might consider looking at funds in the table above in search for opportunities to invest as all the funds are cheap in terms of unit price.
Review
Fund Category : Greater China
Fund Category : Greater China
Top 10 Best Performing Fund for Category Asia Excluding Japan (click Image to Enlarge):
2 Weeks Gain/Loss Ranking Table for Category Greater China:
Fund Name
|
YTD as of
30th March 2013 |
YTD as of
16th April 2013 |
2 Weeks
Gain / Loss (%) |
2 Weeks Gain/
Loss Rankings |
Previous
2 Weeks Gain/Loss Rankings |
|
CIMB-Principal Greater
China Equity Fund
|
-2.87
|
-5.64
|
-2.77
|
3
|
8
|
|
CIMB-Principal Greater
China Equity Fund
|
-2.87
|
-5.64
|
-2.77
|
3
|
8
|
|
PB China Titans Fund
|
Newcomer
|
-4.43
|
N/A
|
N/A
|
N/A
|
|
Public China Ittikal Fund
|
-4.12
|
-5.4
|
-1.28
|
1
|
10
|
|
PB China Pacific Equity
Fund
|
0.26
|
-2.6
|
-2.86
|
4
|
4
|
|
Public China Select Fund
|
1.21
|
-1.66
|
-2.87
|
5
|
3
|
|
AmIslamic Greater China
|
-3.93
|
-7.22
|
-3.29
|
7
|
6
|
|
Eastspring Investments
Dinasti Equity Fund
|
-2.21
|
-4.09
|
-1.88
|
2
|
5
|
|
Hwang China Select Fund
|
8.54
|
4.54
|
-4
|
8
|
1
|
|
MAAKL Greater China Fund
|
-0.55
|
-3.72
|
-3.17
|
6
|
2
|
|
AVERAGE 2 WEEKS GAIN/LOSS (%)
|
-2.77
|
||||
Review of Greater China Funds:
Including this review, Greater China funds have now lost an average of 7% over the past 10 weeks. Xi Jinping and co are facing wave after wave of challenges since taking over on March 14, 2013 as the President of China. The most recent being the H7N9 virus which have already killed 14 people in China. If the virus becomes epidemic, this does not bode well for China's economy. As I've mentioned earlier, the less then encouraging first quarter growth expansion for China has also contributed to the poor performance of China funds.
There's not much to brag about China funds considering that all 10 funds are in the red for the past 10 weeks. Investors are cautioned to observe how the problems in China will pan out before investing into China related funds.
Review
Fund Category : Equity Malaysia
Fund Category : Equity Malaysia
2 Weeks Gain/Loss Ranking Table for Category Equity Malaysia:
|
Fund Name
|
YTD as of
30th March 2013 |
YTD as of
16th April 2013 |
2 Weeks
Gain / Loss (%) |
2 Weeks Gain/
Loss Rankings |
Previous
2 Weeks Gain/Loss Rankings |
|
MAAKL-HDBS Flexi Fund
|
1.57
|
4.57
|
3
|
2
|
4
|
|
Kenanga Growth Fund
|
3.03
|
3.93
|
0.9
|
10
|
5
|
|
AMB Dividend Trust Fund
|
1.27
|
3.06
|
1.79
|
6
|
7
|
|
Phillip Master Equity
Growth Fund
|
3.61
|
6.31
|
2.7
|
3
|
2
|
|
Kenanga Syariah Growth
Fund
|
2.63
|
4.09
|
1.46
|
7
|
6
|
|
Hwang AIIMAN Growth
|
2.07
|
5.9
|
3.83
|
1
|
10
|
|
MAAKL Dividend Fund
|
2.69
|
4.65
|
1.96
|
4
|
9
|
|
CIMB-Principal Equity
Fund
|
2.88
|
4.83
|
1.95
|
5
|
1
|
|
Public Focus Select Fund
|
2.54
|
3.69
|
1.15
|
9
|
8
|
|
MAAKL Regular Savings
Fund
|
1.02
|
2.44
|
1.42
|
8
|
3
|
|
AVERAGE 2 WEEKS GAIN/LOSS (%)
|
2.02
|
||||
Review of Equity Malaysia Funds:
At times of uncertainty, where else to invest then in our own country. The past 8 weeks have seen an average gain of 5.8% for this category. Despite the upcoming election, our Bursa continue to maintain a slightly bullish sentiment thereby creating gains for all 10 funds under the Equity Malaysia category.
In terms of individual performance, Hwang AIIMAN Growth (HAG) fund is slowly making its way up the pecking order, gaining +3.83% for the past two weeks alone. Another fund that has managed to climb another rank higher to 4th is Philip Master Equity Growth Fund (PMEGF). Both HAG and PMEGF are funds to be watched and should continue to perform above average as compared to their peers. Philip Master Equity Growth Fund for example have been consistently ranked among the top three in terms of 2 week growth over the past four weeks.
For investors looking for long term investment, I've always recommended to stick with Malaysian equity funds due to the outstanding annualized growth as well as low volatility.
Note to Investors : I have decided to stop reviewing Fixed Income Funds as I feel that it is not worth my time as well as yours.
- End of Review -
Did you find the Top 10 Best Performing Unit Trust Fund Review useful? Is there anything that you would like me to include into future review? Let me know by leaving a comment below.
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