Review
Fund Category : Equity Malaysia
Top 10 Best Performing Fund for Category Equity Malaysia (click Image to Enlarge):
 |
| Top 10 Best Performing Unit Trust Fund (Equity Malaysia) |
5 Years Annualised Ranked 1 (Equity) - Phillip Master Equity Growth Fund
5 Years Annualised Ranked 1 (Islamic Equity) - MAAKL-HDBS Flexi Fund
4 Weeks Gain/Loss Ranking Table for Category Equity Malaysia Funds:
Fund Name
|
YTD as of
9th Oct 2013 |
YTD as of
8th Nov 2013 |
4 Weeks
Gain / Loss (%) |
4 Weeks Gain/
Loss Rankings |
Previous
4 Weeks Gain/Loss Rankings |
Phillip Master Equity
Growth Fund
|
27.64
|
32.1
|
4.46
|
1
|
1
|
Kenanga Growth Fund
|
16.21
|
18.98
|
2.77
|
3
|
7
|
CIMB-Principal Wholesale
Equity Fund
|
16.05
|
20.5
|
4.45
|
2
|
5
|
MAAKL-HDBS Flexi Fund
|
13.27
|
15.13
|
1.86
|
5
|
4
|
CIMB-Principal Equity
Fund
|
16.25
|
18.52
|
2.27
|
4
|
2
|
Kenanga Syariah Growth
Fund
|
15.99
|
17.7
|
1.71
|
6
|
6
|
Hwang AIIMAN Growth
|
17.63
|
20.4
|
2.77
|
3
|
3
|
Public Focus Select Fund
|
Newcomer
|
7.91
|
N/A
|
N/A
|
N/A
|
Public Islamic
Opportunities Fund
|
Newcomer
|
24.58
|
N/A
|
N/A
|
N/A
|
Public Regular Savings
Fund
|
Newcomer
|
12.78
|
N/A
|
N/A
|
N/A
|
AVERAGE 4 WEEKS GAIN/LOSS (%)
|
2.90
|
||||
Top Performing Fund over 4 weeks period:
Phillip Master Equity Growth Fund (+4.46%)
Worst Performing Fund 4 weeks period:
Kenanga Syariah Growth Fund (+1.71%)
Newcomers:
Public Focus Select Fund
Public Islamic Opportunities Fund
Public Regular Savings Fund
Performance Comparison with the KLSE Index between 10 Oct 2013 to 8 Nov 2013
KLSE Index (%) Gain/Loss : +1.61%
Average Top 10 Unit Trust Equity (%) Gain/Loss : +2.90% (Out performed the KLSE Index)
Summary
Despite many investors anticipating a big drop for the KLSE after Budget 2014 (myself included), our Prime Minister managed to roll out a rather fair budget allocation that kept the sentiment positive for investors. Sectors benefiting from Budget 2014 such as Telecommunication, Energy and Plantation kept the local Bursa stable and above the 1800 points level.
The announcement of Budget 2014 also created opportunities for fund managers to cherry pick companies from these key sectors. Once again the Average Top 10 Unit Trust Equity (%) gains of +2.90% outperformed that of the KLSE Index (+1.61%) over the same period.
In terms of individual unit trust fund performance, once again Phillip Master Equity Growth Fund (PMEGF) is the star performer by adding +4.40% to its Yield To Date (YTD). This marks the 2nd consecutive time that PMEGF retains the spot of top performing fund over a 4 week period. Despite being the lesser known fund, PMEGF, as I have mentioned as far back as my April 2013 review will be the fund to watch in terms of performance.
Review
The announcement of Budget 2014 also created opportunities for fund managers to cherry pick companies from these key sectors. Once again the Average Top 10 Unit Trust Equity (%) gains of +2.90% outperformed that of the KLSE Index (+1.61%) over the same period.
In terms of individual unit trust fund performance, once again Phillip Master Equity Growth Fund (PMEGF) is the star performer by adding +4.40% to its Yield To Date (YTD). This marks the 2nd consecutive time that PMEGF retains the spot of top performing fund over a 4 week period. Despite being the lesser known fund, PMEGF, as I have mentioned as far back as my April 2013 review will be the fund to watch in terms of performance.
Review
Fund Category : Asia excluding Japan
Top 10 Best Performing Fund for Category Asia Exc Japan (click Image to Enlarge):
Top 10 Best Performing Fund for Category Asia Exc Japan (click Image to Enlarge):
5 Years Annualised Ranked 1 (Equity) - Public Regional Sector Fund
5 Years Annualised Ranked 1 (Islamic Equity) - Public Islamic Asia Dividend Fund
4 Weeks Gain/Loss Ranking Table for Category Asia Exc Japan Funds:
4 Weeks Gain/Loss Ranking Table for Category Asia Exc Japan Funds:
Fund Name
|
YTD as of
9th Oct 2013 |
YTD as of
8th Nov 2013 |
4 Weeks
Gain / Loss (%) |
4 Weeks Gain/
Loss Rankings |
Previous
4 Weeks Gain/Loss Rankings |
Public Islamic Asia
Dividend Fund
|
3.15
|
3.76
|
0.61
|
3
|
3
|
Pheim Asia Ex-Japan
Islamic
|
13.47
|
14.35
|
0.88
|
2
|
1
|
Public Asia Ittikal Fund
|
1.88
|
2.12
|
0.24
|
7
|
5
|
Public Regional Sector
Fund
|
15.26
|
15.36
|
0.1
|
9
|
7
|
PB Islamic Asia Equity
Fund
|
1.46
|
1.91
|
0.45
|
5
|
4
|
Eastspring Investments
Asia Pacific Shariah Equity Fund
|
-0.25
|
-0.07
|
0.18
|
8
|
6
|
Pheim Asia Ex-Japan
|
2.67
|
3.22
|
0.55
|
4
|
N/A
|
CIMB Islamic Asia Pacific
Equity Fund
|
3.15
|
4.56
|
1.41
|
1
|
8
|
MAAKL Pacific Fund
|
4.21
|
4.59
|
0.38
|
6
|
2
|
Public Far-East Select
Fund
|
9.36
|
8.67
|
-0.69
|
10
|
N/A
|
AVERAGE 4 WEEKS GAIN/LOSS (%)
|
0.41
|
||||
Top Performing Fund over 4 weeks period:
CIMB Islamic Asia Pacific Equity Fund (+1.41%)
Worst Performing Fund over 4 weeks period:
Public Far-East Select Fund (-0.69%)
Newcomers:
-None-
Performance Comparison with the MSCI Asia Excluding Japan Index between 10 Oct 2013 to 8 Nov 2013
MSCI Asia Exc Japan Index (%) Gain/Loss : -0.55%
Average Top 10 Unit Trust (%) Gain.Loss : +0.41% (Out performed the MSCI Index)
Summary
The MSCI Asia Excluding Japan Index had a rough 4 weeks as seen from the chart above. Gains and losses interchanged over the 4 week period from Oct 10th, 2013 to Nov 8th, 2013. The index dip on news that US Feds might start tapering of their stimulus program earlier then expected only to see recovery from positive economic data coming from China. A mixture of negative US tapering news and positive China economic data has created much volatility to the MSCI Asia Exc Japan index.
China and South Korea outperformed, while India and Indonesia lagged. Chinese equities advanced on the hope that the economy had bottomed, while South Korea recovered from tensions with the North that had impacted in the second quarter. Unit Trust Funds that have considerable allocation into Philippines stocks should see lesser gains as the aftermath of Typhoon Haiyan shaved 1.4% of the Philippines stock market today (11th Nov 2013).
Despite the MSCI index volatility, top performing fund over the 4 weeks period, CIMB Islamic Asia Pacific Equity Fund (CIAPEF) managed to gain +1.41%. Another fund worth considering is Pheim Asia Ex-Japan Islamic Fund (PAEJIF) which is known for its consistency in generating returns.
Review
Review
Fund Category : Greater China
Top 10 Best Performing Fund for Category Greater China (click Image to Enlarge):
Top 10 Best Performing Fund for Category Greater China (click Image to Enlarge):
5 Years Annualised Ranked 1 (Equity) - CIMB-Principal Greater China Equity Fund
5 Years Annualised Ranked 1 (Islamic Equity) - Public China Ittikal Fund
4 Weeks Gain/Loss Ranking Table for Category Greater China Funds:
|
Fund Name
|
YTD as of
9th Oct 2013 |
YTD as of
8th Nov 2013 |
4 Weeks
Gain / Loss (%) |
4 Weeks Gain/
Loss Rankings |
Previous
4 Weeks Gain/Loss Rankings |
|
CIMB-Principal Greater
China Equity Fund
|
7.73
|
7.02
|
-0.71
|
4
|
2
|
|
PB China Pacific Equity
Fund
|
9.3
|
8.26
|
-1.04
|
7
|
6
|
|
Public China Ittikal Fund
|
6.57
|
6.18
|
-0.39
|
1
|
5
|
|
Public China Select Fund
|
10.08
|
9.12
|
-0.96
|
5
|
4
|
|
PB China Titans Fund
|
4.53
|
3.88
|
-0.65
|
3
|
8
|
|
MAAKL Greater China Fund
|
2.54
|
1.55
|
-0.99
|
6
|
7
|
|
AmIslamic Greater China
|
-2.67
|
-3.31
|
-0.64
|
2
|
3
|
|
Eastspring Investments
Dinasti Equity Fund
|
5.69
|
3.8
|
-1.89
|
8
|
9
|
|
Hwang China Select Fund
|
17.91
|
15.43
|
-2.48
|
9
|
1
|
|
Manulife Investment -
China Value Fund
|
Newcomer
|
7.61
|
N/A
|
N/A
|
N/A
|
|
AVERAGE 4 WEEKS GAIN/LOSS (%)
|
-1.08
|
||||
Top Performing Fund over 4 weeks period:
Public China Ittikal Fund (-0.39%)
Worst Performing Fund over 4 weeks period:
Hwang China Select Fund (-2.48%)
Newcomers:
Manulife Investment - China Value Fund
Performance Comparison with the Shanghai Stock Exchange (SSE) Index between
10 Oct 2013 to 8 Nov 2013
SSE Index (%) Gain/Loss : -3.87%
Average Top 10 Unit Trust Equity (%) Gain.Loss : -1.08% (Out performed the SSE Index)
Summary
Historical "Average 4 Weeks Gain/Loss (%)" for Greater China funds over the past 4 months are as shown below:
- 10th July - 4th August : +6.22%
- 7th August - 13th Sept : +5.41%
- 13th Sept - 9th Oct : -0.93%
- 9th Oct - 8th Nov : -1.08%
Despite two consecutive losses over the past 8 weeks, the Top 10 Funds in this category managed to outperformed (in terms of minimizing losses) the Shanghai Stock Exchange Index.
In terms of economic outlook, I am rather optimistic about the long term recovery of China's economy based on the following reasons:
1. Industrial output rose a more-than-estimated 10.3 percent from a year earlier in October and manufacturing investment strengthened.
2. Customs data showed overseas sales rebounded by more than forecast.
3. President Xi Jinping and top Communist leaders conclude a four-day gathering to map out an economic blueprint to sustain growth and drive the urbanization of hundreds of millions of rural residents.
4. Standard Chartered last month raised its estimate for China’s 2013 economic growth to 7.6 percent from 7.5 percent and revised next year’s forecast to 7.4 percent from 7.2 percent.
With the recent uncertainty of when the US Fed will start tapering their stimulus program (which resulted in the see-saw effects on the Asia Exc Japan Funds), I believe investors should consider China based funds as an alternate investment option. In addition, the recent minor losses of China based Funds has created an opportunity for investors to buy in a lower unit price.
That's all for this review folks!
Cheers and Happy Investing!
P/s : The announcement of Goods and Services Tax (GST) has been fiercely criticize by many especially over Facebook. Once it is implemented in 2015, prices of goods and services are bound to rise, leading to higher inflation rate.
Instead of complaining and voicing out to deaf ears about your displeasure over GST, why not channel your energy into preparing for a better future through proper financial planning and starting your own investment plan to keep up with the inflation rate? Saving up money is one thing but not letting your money work harder for you is pure ignorance.
P.p/s : Want to invest in Top Performing Funds such as Phillip Master Equity or CIMB-Principal Greater China? Feel free to contact me at shanesee03@gmail.com for a proper advisory and recommendation.
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