Tuesday, 30 June 2015

Foreign funds continue to exit Malaysia and could Taiwan be the next investment potential?

Good news! MIDF Research has just released its Weekly Fund Flow Report for week ended 26th June, 2015. From the latest released report, here are some key points that you may find helpful in your investment decisions.

Market Snapshot
In terms of the Market Snapshot of the research  report, two key issue took center stage. One talks about possible Grexit and the other is on China's current bear market. Here are the key points from the market snapshot report:
  1. Last week, the market's was optimistic that Greece will strike a deal with its lenders.As it turned out, the meeting on Saturday was a non-event after Greece had unilaterally broken off negotiations over a new bailout deal
  2. Greek Prime Minister Alexis Tsipras has called for a referendum to take place on July 5 on the terms offered by creditors for the latest aid package. If rejected, a Grexit is inevitable.
  3. In China, the CSI300 was volatile and closed the week lower by -6.5%, all of which attributable to the -7.9% crash on Friday. There was an attempted recovery mid-week, but it was not sustainable and the bears took charge again towards the end of the week. After the crash last week, the consensus is that the Chinese market has seen its peak for the year. The question is whether the market will enter a bear phase.
  4. The CSI300 has retraced -19% from the peak. A 20% correction would normally be seen as triggering a bear market.
  5. The ChinNext index, which represents small-cap companies in Shenzen, had a harrowing week, falling -11.9%, with much of the loss registered on Friday as the index was routed -8.9% in a single day. The index has plunged 27% since its high on June 3.  
My comments:
  • Expecting further volatility for all markets around the world as long as there is no firm outcome for the Greece debt issue. Markets are expected to be uncertain especially in US, Europe, Japan and China. 
  • I also believe that majority of Greeks will vote in the referendum to accept the terms offered by creditors. The consequences of leaving Eurozone is just unimaginable.
  • One speaker in an investment conference that I've attended over the weekend mentioned that the China market is going through a correction phase. 
  • It is widely expected that the Shanghai Stock Exchange (SSE) Index will correct itself to the fair value mark of 3950 points.
  • As of 29th of June 2015, the SSE Index closed at 4053 points. Investors are advised to watch the index closely when it reaches the fair value of 3950 points. Breaching the the fair value mark (which also acts as a resistance line) could be a confirmation that the China market is turning bearish.
SSE Composite Index Major Correction

Fund Flow Report

1. For week ending June 26th, 2015, funds classified as “foreign” bought a marginal USD299.5 million net of listed equity in the 7 Asian stock markets (Thailand, Indonesia, Philippines, Korea, India, Taiwan and Malaysia). This was a significant turnaround from the USD2.3b sold in the preceding week.

2. In the three weeks prior, total net outflow had amounted to a whopping USD6.1b, the heaviest withdrawal phase since October last year.

Weekly Net Flow of Foreign Funds into 7 Asian Stock Markets
Throwback: 
Referring to my previous post entitled "Foreign fund outflow a serious concern for Malaysia and could Korea be the next attraction for Investors?", for week ended May 29th, 2015, Korea enjoyed continuous inflow of foreign funds totaling up to USD8.3b since the start of the year! However due to an outbreak of MERS disease at Korea, we witness a massive exodus of foreign funds over a 2 week period. As a matter of fact for week ending June 12th and June 19th, a total of USD1.487b exited the Korea stock market! 

Summary of Foreign Fund Flow as of Week Ended 26th June 2015

Foreign Fund Flow as of Week Ended 26th June 2015
Key points:

  • Selling died down noticeably in Taiwan and Korea.
  • In Emerging Asia, foreign investors appear to have started nibbling in India and Thailand.
  • After withdrawing for three weeks in a row, foreign investors warmed up to Taiwan-listed stocks, and were net buyers last week.
  • Increasing optimism that the Taiwan market will perform well in the third quarter. The expectation is for the technology sector sales to rebound, earnings momentum to pick up, and Taiwan dollar, already the best performing Asian currency this year, to be more stable.
  • On Thursday, the Korean government announced a USD14b stimulus package to mitigate dented consumer spending and business sentiment.
My comments:
  • Most of major Asian markets will be affected by the Greece issue in the upcomming week. Even the supposedly optimistic Taiwan market lost 2.39% today (29th June 2015).
  • The best option for investors now is to play the wait and see game. It is wise to watch how the Greek issue unraveled before making any investment decisions.
Fund Flow - Malaysia

Local Retail, Local Institution and Foreign Market Participation in Bursa Malaysia
Key points:
  • Foreign investors have now been net sellers on Bursa for nine consecutive weeks. It has been the longest stretch of foreign withdrawal since the last three months of 2013.
  • Investors classified as “foreign” sold equity listed in the open market on Bursa (i.e excluding off-market deals) amounted to RM824.7m on a net basis. That was a significant jump from the RM372.4m sold the week before. 
  • For 2015, last week’s selldown increased the cumulative net foreign outflow to RM8.7b, surpassing the RM6.9b outfl ow for the entire 2014
  • Local institutions mopped up RM846.8m in the open market last week on active participation rate of RM2.13b. Local funds have mopped up RM9.9b this year, compared with RM8.2b in 2014. Retailers remained on the sideline.
My comments:
  • Fitch is expected to announce their evaluation of Malaysia's credit rating on the 30th of June 2015. It is widely expected that a downgrade is in on the cards.
  • Local and international uncertainties have dragged the Bursa down for the past one month. Another wait and see approach for me with regards to the Malaysia market. Further downside is expected.
Summary
The latest fund flow report by MIDF has provided all readers with some form of "tip" on which country to conduct further studies on. The foreign fund flow for week ended 26th June are indicating that there could be potential investing opportunities in the following countries:
  1. Taiwan
  2. India (although I am not to optimistic about this country)
  3. Thailand (similar to India)
  4. Korea (to watch for the MERS situation there)
Countries such as India and Thailand have been popularly promoted by many funds houses for the past couple of years. I believe there's not much potential upside for both countries.

On the other hand, I believe readers should look into Taiwan and Korea instead. North Asian countries such as Korea has been identified as a potential country for further investment by our local fund houses. 

Over the past couple of years, Taiwan has been overshadowed by China in terms of investment opportunities. With recent development as reported by MIDF Research, Taiwan seems to have in place all the right fundamentals for growth. This is certainly a potential country that readers should look deeply into.

That is all from me!

Cheers and Happy Investing!

P.S. : 
If you're interested to invest in these countries, it would be wise as usual to conduct your own due diligence first. 

In addition if I do find any information relating to the above mentioned countries, I will either post an article via IME Blog or provide quick updates on our IME Facebook Page. Don't miss out and remember to bookmark this blog and Follow Us on Facebook for future updates!



Monday, 29 June 2015

eUnittrust, making online unit trust investing easy and convenient

Online Platform for Unit Trust Investing - eUnittrust
What is eUnittrust?
eUnittrust is one of the first online unit trust platform that offer Malaysian investors an option to take control and manage their own unit trust investment. Launched in 2008, the eUnittrust platform owned by Phillip Capital Malaysia is fast gaining recognition among Malaysian investors thanks to the growth in high speed broadband and smarts phones. 

The convenience of making unit trust investment through this platform has been widely embraced by the younger Malaysian generation (Gen-X and Gen-Y). Another surprising fact is the more IT savvy generation of baby boomers are also starting to make the transition from agent/consultant based unit trust investing to online unit trust investing. 

As a user of eUnittrust myself, I'm going to share with you five (5) key benefits of using this platform. The benefits I'm going to share are based on my own personal experience using this platform. I hope that by sharing this to you, you will also see the benefit in online unit trust investing. Now without further delay, let's take a look at what I have to share:

5 Key Benefits of investing via eUnittrust;
1. You can now buy, sell and monitor your unit trust investment online at only 2% sales charge. The best thing is that eUnittrust tend to carry out regular promotional campaigns which allows you the opportunity to invest for as low as 0% sales charge! Now that's what you call saving on sales charge!

2. You get to choose from a vast variety of unit trust funds (>300 funds) from famous Fund Houses such as Kenanga, Eastspring, RHB, AmBank, Manulife, Affin Hwang and many more. This allows you to have a wider option of top performing funds to choose from instead of just buying funds from an agent affiliated to only one company in particular.

3. You are in control of your own investment. By that I'm referring to the power of investing directly via your PC/Laptop.Mobile. Investment transaction is made easy through online banking via Maybank, CIMB and many more. This makes investing much more convenient as compared to traditional practice of issuance of check or bank deposit slip.

4. There's no risk of losing your money even if the online platform closes down. That is because the platform acts as a medium to help you invest with the fund house of your choice. For example if you invest in Kenanga Funds, the platform helps you to invest directly with Kenanga. Know that your investment is then passed on to Kenanga and not kept/held by the online platform. Therefore even if eUnittrust shuts down, your investment is still kept safely and recorded with Kenanga. 

5. There's NO Registration Fee and NO Annual Fee for opening an account with eUnittrust. As a matter of fact, you can open an account without any obligation to invest. Look at it as having a tool ready for use when you ultimately decide to invest. 

How to open an account with eUnittrust?
The great thing about eUnittrust is how easy it is to open an account. It takes only 4 simple steps!
Step 1 : Head on over to their registration page at Eunittrust and fill up all the required online details.
Step 2 : Upload a copy of your scanned IC.
Step 3 : Once you've submitted the online registration, an Account Opening Form will be automatically generated. All you need to do is to print and sign that form. 
Step 4 : Scan or fax the signed form along with a copy of your IC to phillipmutual@poems.com.my

These 4 simple steps are all you need to open an account. Once you're done with this, just wait for the log-in ID and password to be sent to you via email (within 1 to 2 working days). 

The best thing is when you have received your log-in ID, all your future unit trust investments via eUnittrust will be practically paperless. Unknowingly, you are also doing mother nature a favor by reducing the use of paper by eliminating the need for investment forms.

Here's an added incentive from Invest Made Easy! 

When you have successfully open your free account with eUnittrust, just drop me an email at shanesee03@gmail.com and I'll send you a copy of my self written ebook entitled "The Basics of Investing In Unit Trust" absolutely FREE! I believe this ebook will help you to understand unit trust better as well as help you to get started on your own unit trust investment journey.

4th of July 2015 - Update:
I've created a step by step guide on how to register an account with eUnittrust via slideshare. Hopefully you will find this guide helpful.


That's all from me! 

Cheers and Happy Investing Online!

P.S. :
1. If you have any inquiries or questions, feel free to email me atshanesee03@gmail.com
2. If you find this post is useful, do share it with your family and friends via Facebook
3. Don't forget to LIKE our Facebook page too!




Wednesday, 24 June 2015

Sales Charge From Unit Trust Investing, Are You Getting Your Money's Worth?

I've been wanting to write about whether an investor should or should not pay the current sales charge incurred when investing into Unit Trust (UT). As a matter of fact, I've been wanting to write about this topic for quite some time now but never really had the opportunity to sit and put my thoughts into a post. Fortunately thanks to a long weekend, I finally had the chance to think, write and finally post this article.

Current Scenario in our Unit Trust Industry
Before we go into the part about sales charge, I would like to share (in my opinion of course) about the current practice in our Unit Trust (UT) industry, Here's how normally it normally goes:

  1. A consultant approaches a potential investor (your average Malaysian). 
  2. The consultant will attempt to give an educational presentation on what unit trust is all about, provides the historical performance of the fund being promoted, explains the risk of investing in UT and to some extent provide basic financial planning advice that will relate to the need to invest into the fund in order to capitalized on compounding gains. 
  3. Once the potential investor client is fully convinced and ready to invest, the consultant would conduct a risk profile for the client. The risk profile would determine the type of unit trust fund that is suitable for the investor. The consultant then recommends the best fund from their fund house to the investor.
  4. Once the investor is all convinced and ready to invest, the consultant needs to explain to the investor the sales charge incurred when investing into UT. 

The Issue?
Now the biggest challenge faced by a consultant is to justify to a potential client the need to pay Sales Charge that ranges from 5% - 6% of the amount to be invested. I'm referring to cash investment here. (FYI, if an investor invest via EPF withdrawal, the sales charge is 3%) 

Now the issue is that many Malaysians invest into unit trust funds and pay the sales charge incurred without actually demanding for better services from their consultant! 

Say for the example below:

You are a potential client and you decide to invest RM50,000 (cash) after hearing a compelling presentation by a consultant. The sales charge incurred to invest in the recommended fund is 5%. That boils down to approximately RM2,380 in Sales Charge. 

Would you pay RM2,380 worth of sales charge to a consultant for an hour of presentation and be done with it? Or do you actually feel that the sales charge your pay gives you the right to ask for more then that? 

However I must make clear that not all consultants in this industry are like that. In fact a number of consultant do follow the codes of ethics of being a Unit Trust Consultant (UTC) and try their very best to provide good service and advisory to their client. Kudos to them!

The sad part is that the remaining majority of consultants have become so sales oriented that they turn into master salesman or saleswoman. In other words, by pursuing sales and target, consultants have forgotten their actual role which is to provide consultation.

Some may argue that they are still able to provide proper consultancy despite the growing client base. But honestly tell me with a client base of say 1000 people, how personal can one consultant be in terms of providing consultancy to his or her clients? Secondly, would a consultant be able to allocate fair amount of time for each and everyone of his/her client? Will he or she spend the same amount of time advising a client with RM100,000 invested as compared with another client that only invest RM1,000?


When You Pay Sales Charge, What Should You Expect from Your Consultant?
Now that you have read the issues highlighted above, I believe it is time for you to seriously reevaluate your Unit Trust Consultant (that is if you invest into UT through a consultant). 

With the sales charge you are paying each time you invest through your consultant are you obtaining the equal amount of services and advisory? 

Here's what FIMM, the association that supervises Unit Trust practices in Malaysia has to say:

Take from FIMM FAQ

Here's a more specific list of qualities that I believe an Unit Trust Consultant should have in order to serve his or her client:
  1. Identify clients' financial goals and investment objectives, analyse their financial conditions and propose suitable unit trust investment portfolios to help achieve their financial goals and investment objectives
  2. Continuously monitor economic conditions, identify opportunities and threats and rebalance clients' unit trust investment portfolios accordingly
  3. Build lasting relationships with clients and leave lasting impressions on the industry
  4. Continuously develop and enhance relevant skills and knowledge through in-house trainings
  5. Provide independent, objective and competent advisory services
  6. Meet the client personally at least twice a year to review Item 1 and to explain to client on the strategy for Item 2 of the above.
Now try comparing your Unit Trust Consultant with the above mentioned qualities. How many qualities does your consultant has and practices?

If the consultant does not even have more half of the above mentioned qualities, I would seriously advice that you reevaluate whether to continue parking your retirement savings with them.


Paying Too Much Sales Charge Yet Not Getting The Service That You Deserve?

Feeling disillusioned by the fact that you're paying hard sales charge but not getting the services that you truly deserve? 

Then I believe it is time that you seriously consider managing your own Unit Trust investments.

You may feel that unit trust is a complicated investment because you have no prior knowledge on unit trust investing, the types of funds available, the strategy to apply, the risk involved and many more. 

Well fret not as I'm going to empower you with knowledge and the know how on Unit Trust investing absolutely FREE. You won't need to pay a single cent to start learning because I strongly believe that knowledge is meant to be shared freely. 

In all honestly, I was once in that position too. Financially blind and seeking to understand what is this complicated term which we refer to as investing. It took me a year just learn everything about unit trust investing. I read articles about unit trust, studied fact sheets and annual report. In fact I even took the Unit Trust Consultant Exam (and passed) just so that I have an in depth exposure on how Unit Trust works.

The good news for you is that you don't need to go through what I've been through just to learn. Just head on over to my blog and check the Recommended Reads section. You'll find a large collection of articles that I've written about unit trust investing!


How to save on Sales Charge??
Now that you know where to learn and obtain knowledge, the next thing is to seek an avenue (without depending on consultant) to invest into Unit Trust!


With this avenue, you need not pay exorbitant sales charge for sub standard consultant services anymore.

Instead, start taking control of your own investment, manage your own buy and sell and ultimately benefit from occasional promotions whereby you can even invest as low as 0% sales charge!

To find out more how you can make use of this avenue, just click HERE!


Conclusion
To the stray consultants: I'm pretty sure a number of consultants would find this post offensive and somewhat belittling. But as the saying goes "Siapa yang makan cili dialah yang terasa pedas". If you've been pocketing sales charge all this time without offering equivalent services to your clients, then I believe it is time to make some changes to your approach. It is still not too late to return to the right path of being a consultant instead of a salesman or a saleswoman.

To the ethical ones: For consultants that shared the same ideals of providing excellent services and advisory, kudos to you and keep up the good work! Appreciative and loyal customers will never mind paying the extra sales charge if they've been given the best service and advice. That is how a consultant should be, continuously bringing value and tirelessly guiding your clients towards their financial goal.

To Malaysian whom invest in Unit Trust: My advice remains the same as above. Either you ask for better services from your consultant for the sales charge you are paying or you may choose to start empowering yourself by learning and taking control of your own investment.

Realizing that many Malaysian face the problem of poor service and at times severe malpractice by certain consultants, I'm offering you two (2) key tools to help you help yourself;

The choice is yours and only yours to make!

Cheers and Happy Investing!

P.S :
1. If you have any inquiries or questions, feel free to email me at shanesee03@gmail.com
2. If you find this post is useful, do share it with your family and friends via Facebook
3. Don't forget to LIKE our Facebook page too!

Tuesday, 9 June 2015

Foreign fund outflow a serious concern for Malaysia and could Korea be the next attraction for Investors?

Two days ago, I came across a report by MIDF Research entitled Fund Flow Report (Week ending 29th May 2015). It is an interesting read as the report highlighted the money flow of foreign investors at seven (7) major Asian stock markets (Korea, Thailand, Indonesia, Philippines, India, Taiwan and Malaysia)

After reading the report, I believe that this information should be highlighted to all Invest Made Easy readers. Movement of foreign fund is vital for us investors to gauge the confidence of foreign investors in a particular country. This information can also be used as a reference point to help us decide which country is worth investing in. 

Since the report is rather wordy, I'll try an extract the key points of the report for ease of reading.

Weekly Net Flow of Foreign Fund into Equity
Shown below is the table of weekly net flow of foreign fund into equity from week ending April 17th till week ending May 29th:

Weekly Net Flow of Foreign Fund into Equity
(Click to Enlarge)
Key points from the table above:
  • For week ending May 29th, only USD121.5m net listed equity flowed into the 7 Asian stock markets. It was a sharp reversal in net money movement compared with that the week before where USD 966.7m flowed in.
  • For the third week running, the most favored Asian destination was Korea. The current wave of foreign money flow to Korea has now extended to 15 weeks. An estimated USD8.3b of global fund has entered Korean equity so far this year, the highest among the 7 markets.
  • In Jakarta, foreign investors sold for the fifth consecutive week, albeit in moderate amount. The worse may be over as the rupiah was relatively stable last week, and bond prices bottomed as the market appear to have priced higher inflation ahead.

Foreign Fund Money Flow in Malaysia
Malaysia is currently experiencing heavy outflow of foreign fund as indicated in the picture above. Let us find out what are the key points highlighted in the research report. My advice is for you to read and understand each point carefully:

  • Foreign investors shifted into top gear in their disposal of stocks listed in Malaysia
  • Fifth week running, foreign investors were net sellers of Malaysian equity. 
  • Investors classified as “foreign” sold equity listed in the open market on Bursa (i.e excluding off-market deals) amounted to -RM999.8m on a net basis last week.
  • In May, foreigner investors had offloaded -RM2.54b in the open market.
  • Cumulative net foreign outflow in 2015 to -RM5.75b. In comparison, the cumulative foreign outflow for the entire 2014 was -RM6.93b.
  • Local institutions had a busy week mopping up RM997.2m in the market. In May, local funds bought a net amount of RM2.70b.

Summary 
(Personal opinion, not part of MIDF report)
The rate of foreign fund exiting Malaysia market is increasing drastically. We witness RM2.54 billion exiting the country in the month of May itself. The total outflow for 2015 is currently at RM5.75 billion, closing in on the total outflow of RM6.94billion in 2014.

Will we expect further outflow in June and the coming months? The most probably the answer is YES. 

What's causing the net outflow of foreign fund from Malaysia? I believe these are the reasons:
  1. The RM42 billion debt issue created by a certain Government owned company.
  2. Possibility of a downgrade in Malaysia's sovereign rating by Fitch later this year.
  3. Depreciation of Malaysian Ringgit.
  4. Better opportunity of investment elsewhere. In this case, Korea seems to be the star attraction.
Korea the next potential investment opportunity for Malaysian investors?
Somewhere in April 2015, I posted an article entitled "Undervalued Country for Investing, Is there any left?". In that post, I listed down and analyzed 6 countries (China, Japan, Australia, UK, South Korea and Brazil). All 6 countries were considered undervalued as of August 2014. The outcome of the analysis as shown in the printscreen below:

Gains made from 11 Aug 2014 to 22 April 2015 with reference to respective country's stock market index

As you can see, South Korea's Stock Market (commonly known as KOSPI) gained about +5.55% from from 11 Aug 2014 to 22 April 2015. In relative comparison, the South Korea market still looks pretty undervalued in comparison with gains made by China and Japan.

The surprising thing is that despite the continuous net inflow of foreign fund into KOSPI, the index have shed 1.54% between 22 April 2015 to 28 May 2015. See chart below:


Why the KOPSI posted a loss over the one month period will not be covered in this blog post. Neither will we be discussing about the direction the KOSPI will be heading in the future.

The challenge now is for the investor to make a decision based on his/her own research. There's an abundance of economic report and market outlook available on the internet which you can read, learn and ultimately make your own judgement call. By doing so, you're in fact learning how to fish instead of waiting for the fish (which could be rotten) to be given to you.

You've decided that Korea is worth investing in, which unit trust fund should you invest in?
As of my knowledge, there is no one fund that invest specifically into Korea.

However there is one fund that which allocates approximately 15% of their total asset into the Korea equity market. The percentage is consider high in comparison to other funds of the same category which only allocate between 8%-10%.

The plus point of this fund is that 30% of its asset is invested into Hong Kong and none into China. To know why investing into Hong Kong is a plus point, just click HERE to find out.

Another plus point of this fund is that exposure into Malaysia equities is only 1.81%. With such low exposure, any major catastrophe to the Malaysia stock market would have minimal impact towards the performance of this fund.

Summary of the fund's asset allocation by country as of 30th April 2015 is shown below:

Fund asset allocation by country

What is the name of this fund?
Unfortunately I'm unable to publish the name of this fund in this post to prevent any acquisition of bias towards a particular fund or fund house. To find out the name of this fund, you may email me personally at shanesee03@gmail.com

That is all for now! Cheers and Happy Researching!

P.S : Here's a tip from me to help you save when investing in this fund. The reason being that the fund is one of the 40 selected funds that is undergoing a sales charge promotion. There's still 9 more days to go for the "Invest for as low as 0% Sales Charge" promotion, so head on over and check out the details HERE

Sunday, 7 June 2015

PhillipCapital 6th Annual Investment Conference - Speaker Profile

1 Major Conference!
15 Outstanding Speakers! 

Find out who's coming to share their insights at the PhillipCapital 6th Annual Investment Conference 2015



Like to attend this conference for FREE?
Click HERE to find out how!
(P.S. : FREE invites are fast running out!)

Thursday, 4 June 2015

Top 10 Best Performing Unit Trust Funds As of 28th May 2015

Hi there readers!

Before you proceed, you might want to check out these pointers first: 
  • If you are new to unit trust investing, I'll be more then happy to share with you on how to get started with Unit Trust Investing without depending on others! Just drop me an email at shanesee03@gmail.com
  • If this is your first time reading this review, do check out "A Guide Towards Understanding Unit Trust Performance Table" before proceeding. This guide will help you understand the review better.
  • Lastly, save as much as 3% on Sales Charge when you invest into Unit Trust. Find out how to do it HERE.

Review

Fund Category : Equity Malaysia
a) Top 10 Best Performing Fund for Category Equity Malaysia 
(Ranked According to 5 Year Annualized Return):

Top 10 Unit Trust Fund - Equity Malaysia (5 Years) 

Top Performer based on 5 Year Performance

5 Years Annualised Ranked 1 (Non-Islamic) 
Kenanga Growth Fund (+21.83% per annum)

5 Years Annualised Ranked 1 (Islamic Equity) 
- Eastspring Investments Dana Al-Ilham (+16.61% per annum)

b) 4 Weeks Gain/Loss Ranking Table for Category Equity Malaysia Funds:

Fund Name
YTD as of
29th April 2015
YTD as of
28th May 2015
4 Weeks
Gain / Loss (%)
4 Weeks Gain/
Loss Rankings
Previous
4 Weeks Gain/Loss Rankings
Kenanga Growth Fund
13.85
13.63
-0.22
3
2
Eastspring Investments Dana Al-Ilham
8.48
6.31
-2.17
7
4
Kenanga Syariah Growth Fund
8.34
6.75
-1.59
6
5
Eastspring Investments Equity Income Fund
6.95
4.16
-2.79
8
6
PMB Shariah Aggressive Fund
22.23
22.05
-0.18
2
3
MAAKL-HDBS Flexi Fund
6.2
3.18
-3.02
9
5
RHB-OSK Smart Treasure Fund
17.52
19.55
2.03
1
N/A
AMB Dividend Trust Fund
5.28
4.5
-0.78
4
8
Areca Equity Trust Fund
8.68
7.63
-1.05
5
1
Affin Hwang AIIMAN Growth Fund
Returning
3.95
N/A
N/A
N/A
AVERAGE 4 WEEKS GAIN/LOSS (%)
-1.09

Best Performing Fund over 4 weeks period: 
  • Non Syariah : RHB-OSK Smart Treasure Fund (Gain : +2.03%)
  • Syariah : PMB Shariah Aggressive Fund (Loss : -0.18%)

Worst Performing Fund 4 weeks period:
  • Non Syariah : Eastspring Investments Equity Income (Loss : -2.79%)
  • Syariah : MAAKL-HDBS Flexi Fund (Loss : -0.18%)

c) Performance Comparison with the KLSE Index between 29 April 2015 to 28 May 2015


KLSE Index (29 April 2015 - 28 May 2015)

KLSE Index (%) Gain/Loss :  (Loss : -5.22%)

Comparison With:
Average Top 10 Unit Trust Equity (%) Gain/Loss: 
(Loss : -1.09% Out performed the KLSE Index)

Non Syariah Best Performing Fund: 
RHB-OSK Smart Treasure Fund (Gain : +2.03% Out performed the KLSE Index)

Syariah Best Performing Fund: 
PMB Shariah Aggressive Fund (Loss : -1.09% Out performed the KLSE Index)

d) Top 10 Best Performing Fund for Category Equity Malaysia
(Ranked According to Yield To Date):


Top 10 Unit Trust Fund - Equity Malaysia (Yield To Date)

Top Performer based on Yield To Date (YTD) Performance

YTD Ranked 1 (Non-Islamic) 
RHB-OSK Smart Treasure Fund (YTD : +19.55%)

YTD Annualised Ranked 1 (Islamic Equity) 
- PMB Shariah Aggressive Fund (YTD : +22.05%)


Review

Fund Category : Asia excluding Japan
a) Top 10 Best Performing Fund for Category Asia Exc Japan 
(Ranked According to 5 Year Annualized Return):

Top 10 Unit Trust Fund - Asia exc Japan (5 Years)

Top Performer based on 5 Year Performance

5 Years Annualised Ranked 1 (Non-Islamic) 
Eastspring Investments Asia Pacific Equity MY Fund (+8.20% per annum)

5 Years Annualised Ranked 1 (Islamic Equity) 
- Public Islamic Asia Dividend Fund (+9.67% per annum)

b) 4 Weeks Gain/Loss Ranking Table for Category Asia Exc Japan Funds:


Fund Name
YTD as of
29th April 2015
YTD as of
28th May 2015
4 Weeks
Gain / Loss (%)
4 Weeks Gain/
Loss Rankings
Previous
4 Weeks Gain/Loss Rankings
Public Islamic Asia Dividend Fund
10.75
7.95
-2.8
9
4
Public Asia Ittikal Fund
12.72
10.02
-2.7
8
3
Eastspring Investments Asia Pacific Equity MY Fund
11.79
9.97
-1.82
5
2
PB Islamic Asia Equity Fund
11.63
9.12
-2.51
7
7
TA Asian Dividend Income Fund
9.17
10.9
1.73
1
5
Pheim Asia Ex-Japan Islamic
7.55
6.71
-0.84
4
8
Affin Hwang Select Asia (Ex Japan) Opportunity Fund
12.08
12.84
0.76
2
N/A
PB Islamic Asia Strategic Sector Fund
11.27
9.35
-1.92
6
6
Eastspring Investments Asia Pacific Shariah Equity MY Fund
New
14.2
N/A
N/A
N/A
MAAKL Pacific Fund
17.2
16.7
-0.5
3
N/A
AVERAGE 8 WEEKS GAIN/LOSS (%)
-1.18
Best Performing Fund over 4 weeks period: 
  • Non Syariah : TA Asian Dividend Income Fund (Gain : +1.73%)
  • Syariah : Pheim Asia Ex-Japan Islamic Fund (Loss : -0.84%)
Worst Performing Fund over 4 weeks period:
  • Non Syariah : Eastspring Investments Asia Pacific Equity MY Fund (Loss : -1.82%)
  • Syariah : Public Islamic Asia Dividend Fund (Loss : -2.80%)

c) Performance Comparison with the MSCI Asia Excluding Japan Index between 29 April 2015 to 28 May 2015

MSCI Asia Exc Japan Index (29 April 2015 - 28 May 2015)

MSCI Asia Exc Japan Index (%) Gain/Loss : -3.64%

Comparison With:
Average Top 10 Unit Trust (%) Gain/Loss: 
(Loss : -1.18% Out performed the MSCI Index)

Non Syariah Best Performing Fund:
TA Asian Dividend Income Fund (Gain : +1.73%  Out performed the MSCI Index)

Syariah Best Performing Fund:
Pheim Asia Ex-Japan Islamic Fund (Loss : -0.84% Out performed the MSCI Index)


d) Top 10 Best Performing Fund for Category Asia Exc Japan
(Ranked According to Yield To Date):

Top 10 Unit Trust Fund - Asia Exc Japan (Yield To Date)

Top Performer based on Yield To Date (YTD) Performance

YTD Ranked 1 (Non-Islamic) 
MAAKL Pacific Fund (YTD : +16.7%)

YTD Annualised Ranked 1 (Islamic Equity) 
- PB Asia Emerging Growth Fund (YTD : +15.32%)


Review

Fund Category : Greater China
Top 10 Best Performing Fund for Category Greater China 
(Ranked According to 5 Year Annualized Return):

Top 10 Unit Trust Fund - Greater China (5 Years)

Top Performer based on 5 Year Performance

5 Years Annualised Ranked 1 (Non-Islamic) 
CIMB-Principal Greater China Equity Fund (+11.87% per annum)

5 Years Annualised Ranked 1 (Islamic Equity) 
- Eastspring Investments Dinasti Equity Fund (+8.79% per annum)

b) 4 Weeks Gain/Loss Ranking Table for Category Greater China Funds:


Fund Name
YTD as of
29th April 2015
YTD as of
28th May 2015
4 Weeks
Gain / Loss (%)
4 Weeks Gain/
Loss Rankings
Previous
4 Weeks Gain/Loss Rankings
CIMB-Principal Greater China Equity Fund
21.54
24.53
2.99
1
4
Manulife Investment - China Value Fund
26.16
26.9
0.74
3
1
Pacific Focus China Fund
18.88
19.36
0.48
4
6
PB China Pacific Equity Fund
21.83
21.34
-0.49
9
3
Eastspring Investments Dinasti Equity Fund
18.08
17.92
-0.16
7
8
Public China Select Fund
20.93
21.26
0.33
5
5
PB China Titans Fund
18.97
18.59
-0.38
8
7
MAAKL Greater China Fund
23.37
25.18
1.81
2
2
Public China Ittikal Fund
14.24
12.03
-2.21
10
9
AmIslamic Greater China
11.3
11.17
-0.13
6
10
AVERAGE 4 WEEKS GAIN/LOSS (%)
0.30
Best Performing Fund over 4 weeks period: 
  • Non Syariah : CIMB-Principal Greater China Equity Fund (Gain : +2.99%)
  • Syariah : AmIslamic Greater China Fund (Loss : -0.13%)
Worst Performing Fund over 4 weeks period:
  • Non Syariah : Public China Ittikal Fund (Loss : -0.16%)
  • Syariah : Eastspring Investments Dinasti Equity Fund (Loss : -0.16%)
c) Performance Comparison with the Shanghai Stock Exchange (SSE) Index between 29 April 2015 to 28 May 2015

SSE Index (29 April 2015 - 28 May 2015)

SSE Index (%) Gain/Loss : +11.20%

Comparison With:
Average Top 10 Unit Trust Equity (%) Gain/Loss : 
(Gain : +0.30% - Under performed the SSE Index)

Non Syariah Best Performing Fund:
CIMB-Principal Greater China Equity Fund (Gain : +2.99% - Under performed the SSE Index)

Syariah Best Performing Fund:
AmIslamic Greater China Fund : (Loss : -0.13% - Under performed the SSE Index)

d) Top 10 Best Performing Fund for Category Greater China
(Ranked According to Yield To Date):




Top Performer based on Yield To Date (YTD) Performance

YTD Ranked 1 (Non-Islamic) 
Manulife Investment China Value Fund (YTD : +26.9%)

YTD Annualised Ranked 1 (Islamic Equity) 
- Eastspring Investments Dinasti Equity Fund (YTD : +17.92%)

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