Review
Fund Category : Asia excluding Japan
Top 10 Best Performing Fund for Category Asia Excluding Japan (click Image to Enlarge):
2 Weeks Gain/Loss Ranking Table for Category Asia Excluding Japan:
Fund Name
|
YTD as of
16th April 2013 |
YTD as of
30th April 2013 |
2 Weeks
Gain / Loss (%) |
2 Weeks Gain/
Loss Rankings |
Previous
2 Weeks Gain/Loss Rankings |
Public Islamic Asia
Dividend Fund
|
-4.59
|
-3.18
|
1.41
|
3
|
6
|
Public Asia Ittikal Fund
|
-5.32
|
-3.84
|
1.48
|
2
|
4
|
Eastspring Investments
Asia Pacific Shariah Equity Fund
|
-0.11
|
0.6
|
0.71
|
6
|
5
|
MAAKL Shariah
Asia-Pacific Fund
|
-5.36
|
-5.9
|
-0.54
|
8
|
2
|
PB Islamic Asia Equity
Fund
|
-6.56
|
-4.74
|
1.82
|
1
|
7
|
CIMB Islamic Asia Pacific
Equity Fund
|
-2.08
|
-1.2
|
0.88
|
5
|
9
|
Pheim Asia Ex-Japan
Islamic
|
0.31
|
-0.6
|
-0.91
|
9
|
1
|
Eastspring Investments
Asia Pacific Equity MY Fund
|
-2.78
|
-1.69
|
1.09
|
4
|
8
|
Hong Leong Asia-Pacific
Dividend Fund
|
0.23
|
0.89
|
0.66
|
7
|
3
|
MAAKL Pacific Fund
|
Newcomer
|
0.25
|
N/A
|
N/A
|
N/A
|
AVERAGE 2 WEEKS GAIN/LOSS (%)
|
0.73
|
Review of Asia Excluding Japan Funds:
The Asia Pacific Ex Japan category finally seen positives average gain of 0.73% after weeks of losses. The average gain were largely contributed by Public and PB family of funds with PB Islamic Asia Equity Fund leading the 2 Weeks Gain ranking with +1.82% increase of its NAV. The biggest loser for the 2 week period is Phiem Asia Ex-Japan Islamic fund, shedding -0.91% of its NAV.
Here are some of the key data to help investors predict what's in store for the Asia Pacific market:
Singapore:
2013 again, by -0.6 percent relative to the previous
quarter’s growth of 1.5 percent
due to
the poor performance in the manufacturing sector.
The services sector, which
accounts for about two-thirds of real GDP, grew by a
mere 1 percent, primarily supported by expansion in the
finance and insurance and business services sectors.
In the annual budget of 2013 announced in February, the
Singapore government emphasized quality and equitable
growth through innovation and productivity growth to
ensure their sustenance over a long period. The budget has
announced programs to support manufacturing and small
and medium businesses, and has introduced corporate tax
rebates and other incentives to help businesses cope with
cost pressures.
expenditure will increase substantially in the years
ahead. This implies that there lies an immense growth
potential for wholesale and retail trade as well as financial
services.
Philippines:
The Philippines economy will likely continue
expanding at a moderate pace this year, achieving
the government’s growth target of 6–7 percent.
Favorable domestic consumption, government spending,
and business investments in the Philippines will remain the
country’s primary drivers of growth as exports stay subdued
with only a marginal improvement in the global economy.
related to the midterm elections in May 2013 will likely
be another significant economic driver this year
In addition, rising government expenditure on
infrastructure, health care, education, and other social
welfare initiatives is expected to enhance economic
activity in 2013
Expansion plans are the strongest in the electricity,
gas, water, mining, agriculture, and manufacturing sectors. Amid the many positives for the Philippines economy,
exports could be a dampener
due to lukewarm
global demand.
With no major issue affecting the Asia market coupled with strong domestic demands, funds in this category should see moderate growth over the 1 year period. Investors can choose to diversify into funds from Asia Pacific especially with the uncertainty of our local stock market due to GE13.
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
16th April 2013 |
YTD as of
30th April 2013 |
2 Weeks
Gain / Loss (%) |
2 Weeks Gain/
Loss Rankings |
Previous
2 Weeks Gain/Loss Rankings |
CIMB-Principal Greater
China Equity Fund
|
-5.64
|
-5.14
|
0.5
|
6
|
3
|
CIMB-Principal Greater
China Equity Fund
|
-5.64
|
-5.14
|
0.5
|
6
|
3
|
PB China Titans Fund
|
-4.43
|
-2.22
|
2.21
|
2
|
N/A
|
Public China Ittikal Fund
|
-5.4
|
-3.9
|
1.5
|
5
|
1
|
PB China Pacific Equity
Fund
|
-2.6
|
-0.98
|
1.62
|
3
|
4
|
Public China Select Fund
|
-1.66
|
0.89
|
2.55
|
1
|
5
|
AmIslamic Greater China
|
-7.22
|
-6.76
|
0.46
|
7
|
7
|
Eastspring Investments
Dinasti Equity Fund
|
-4.09
|
-2.52
|
1.57
|
4
|
2
|
Hwang China Select Fund
|
4.54
|
3.67
|
-0.87
|
9
|
8
|
MAAKL Greater China Fund
|
-3.72
|
-3.83
|
-0.11
|
8
|
6
|
AVERAGE 2 WEEKS GAIN/LOSS (%)
|
0.99
|
Review of Greater China Funds
Public and PB family of funds for this Category lead the gains for funds in this category with Public China Select Fund (PCSF) gaining +2.55% of its NAV. Hwang China Select Fund lost -0.87% of its NAV, making it the worst performing among the 10 funds for the 2 week period.
On the average, the Greater China Fund category gained +0.99%, a turnaround after 10 weeks of decline. Is this a sign of better things to come?
Let's take a look at some key data for March 2013 related to China:
Still, one month does not make a trend. The central bank will monitor inflation in the coming months to decide if a shift in policy is needed.
One major effort of the new government of President Xi Jinxing is to fight corruption, which President Xi has publicly warned could undermine support for the Party and government. Specifically, Xi has cracked down on the massive amount spent on entertaining officials, advocating that official banquets should consist of “four dishes and a soup” and should not include extremely pricey Chinese liquors
China’s trade data for March was good enough to spark a global rally in equities. China reported that, in March, imports were up a surprisingly large 14.1 percent over the previous year. This suggests strong domestic demand and bodes well for the strength of exports in countries that trade with China—which is just about everyone.
Review
Fund Category : Equity Malaysia
Fund Category : Equity Malaysia
Top 10 Best Performing Fund for Category Equity Malaysia (click Image to Enlarge):
2 Weeks Gain/Loss Ranking Table for Category Equity Malaysia:
Fund Name
|
YTD as of
16th April 2013 |
YTD as of
30th April 2013 |
2 Weeks
Gain / Loss (%) |
2 Weeks Gain/
Loss Rankings |
Previous
2 Weeks Gain/Loss Rankings |
MAAKL-HDBS Flexi Fund
|
4.57
|
5.3
|
0.73
|
3
|
2
|
Kenanga Growth Fund
|
3.93
|
4.76
|
0.83
|
1
|
10
|
AMB Dividend Trust Fund
|
3.06
|
3.75
|
0.69
|
7
|
6
|
Phillip Master Equity
Growth Fund
|
6.31
|
6.13
|
-0.18
|
8
|
3
|
Kenanga Syariah Growth
Fund
|
4.09
|
4.8
|
0.71
|
6
|
7
|
MAAKL Dividend Fund
|
4.65
|
5.38
|
0.73
|
3
|
4
|
Hwang AIIMAN Growth
|
5.9
|
5.18
|
-0.72
|
5
|
1
|
CIMB-Principal Equity
Fund
|
4.83
|
5.6
|
0.77
|
2
|
5
|
Public Focus Select Fund
|
3.69
|
3.48
|
-0.21
|
9
|
9
|
CIMB-Principal Wholesale
Equity Fund
|
Newcomer
|
2.72
|
N/A
|
N/A
|
N/A
|
AVERAGE 2 WEEKS GAIN/LOSS (%)
|
0.37
|
Review of Equity Malaysia Funds:
Our local bursa's performance has been going against all prediction of a dip before the 13th GE. The past two weeks have been no surprise as funds invested into Equity Malaysia continue to post positive gains at an average of +0.37%. While fund managers have started to free up cash for opportunity buying after the election, the predicted dip of our Bursa has yet to materialized. Many are expecting the drop to come post GE, depending on who should take over the Federal Government. You can find out more about the possible outcomes of the election and how the market is expected to perform HERE.
Long term investors for Equity Malaysia fund should not be overly concerned as a drop in the market presents an opportunity for you to accumulate more units at a lower price. The fundamentals for growth in Malaysia are there, the only question is which party (PR or BN) will be running the show?
For the time being, let's all sit back and enjoy the euphoria of pre-election and the hangover of post election. Exciting times ahead!
Cheers and Happy Investing!
P.s : If you are based in Johor Bahru and would to know more about unit trust investing, feel free to e-mail me at sickfreak03@gmail.com
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