WEEKLY BRIEF: Regional Markets Declined as Tariff Deadline Approached. Selected Markets Weekly Performances

Transcription

1 MARKET BRIEF WEEKLY BRIEF: Regional Markets Declined as Tariff Deadline Approached Selected Markets Weekly Performances 06 Jul Jun 18 Weekly % YTD % change change FBM KLCI 1,664 1, FBM EMAS Shariah Index 11,963 12, FBM Small Cap Index 13,891 14, South East Asia Thailand 1,615 1, Indonesia 5,695 5, Singapore 3,192 3, North Asia MSCI FEXJ # Taiwan 10,609 10, Hong Kong 28,316 28, TOPIX (Japan) 1,692 1, South Korea 2,273 2, China*, H Share 10,623 11, Global Nasdaq 7,688 7, Europe** 3,073 3, Dow Jones 24,456 24, * Hang Seng China Enterprises Index ** STOXX Europe 50 Index # in USD Market Local Comments Weighed down by softer oil prices and the retracement in regional markets, the FBM KLCI registered a weekly decline of 1.6% to close at 1,664 points for the week. Regional Regional markets fell with most North Asian markets registering weekly losses of 2.1%- 2.3%. The China H Share market sustained the steepest decline of 4.1% to close at an 11-month low of 10,623 points, pressured by escalating trade tensions as both the U.S. and China imposed the same value of tariffs on respective products effective 6 July. Global The U.S. market was well-supported amid resilient economic activities, with the June monthly increase in non-farm jobs of 213,000 exceeding market expectations of 195,000 jobs. The Dow closed 0.8% higher at 24,456 points while the Nasdaq rose by 2.4% to close at 7,688 points for the week. YTD % Weekly Changes of the MYR versus Selected Currencies MYR per Weekly % Comment Currency Change # Change # Indonesia Rupiah^ For the week, the Ringgit eased Chinese Yuan Taiwan Dollar U.S. Dollar Japanese Yen* Singapore Dollar Australian Dollar Euro Source: Bloomberg, data as at 06 Jul 18. * Per 100 Yen, ^Per 100 Rupiah # +change indicates Ringgit s appreciation against foreign currencies against most currencies amid the softening of oil prices by 2.9% to US$77.1/brl over the same period. 1 P a g e

2 Performance of Public Mutual s Funds Fund Name Fund NAV (RM) Weekly % Change I. EQUITY FUNDS Non Regional Funds Invest in Local Market Only Public Optimal Growth (POGF) Public Sector Select (PSSF) Public Regular Savings (PRSF) Public Regular Savings Sequel (PRSSQF) Public Index (PIX) Allowed to Invest in Foreign Markets up to 25%/30% of Fund's NAV Public Strategic Growth (PSTGF) Public Select Alpha-30 (PSA30F) Public Dividend Select (PDSF) Public Industry Growth (PINDGF) Public Growth (PGF) Public Advantage Growth Equity (PAVGEF) Public Savings (PSF) Public Aggressive Growth (PAGF) Public Equity (PEF) PB Growth (PBGF) ^ PB Dividend Builder Equity (PBDBEF) PB Growth Sequel (PBGSQF) Islamic Non Regional Funds Invest in Local Market Only Public Islamic Sector Select (PISSF) Public Islamic Optimal Growth (PIOGF) Public Islamic Select Enterprises (PISEF) Allowed to Invest in Foreign Markets up to 25%/30% of Fund's NAV Public Islamic Alpha-40 Growth (PIA40GF) Public Ittikal (P ITTIKAL) Public Islamic Advantage Growth Equity (PIAVGEF) Public Islamic Growth & Income (PISGIF) Public Islamic Savings (PISVF) ^ Public Islamic Dividend (PIDF) Public Ittikal Sequel (PITSEQ) Public Islamic Equity (PIEF) Public Islamic Enterprises Equity (PIENTEF) PB Islamic Equity (PBIEF) P a g e

3 Fund Name Fund NAV (RM) Weekly % Change Small & Mid Cap Funds Invest in Local Market Only Public Islamic Select Treasures (PISTF) Allowed to Invest in Foreign Markets up to 25%/30% of Fund's NAV Public Islamic Opportunities (PIOF) Public Select Treasures Equity (PSTEF) Public Islamic Treasures Growth (PITGF) Public SmallCap (P SmallCap) Public Strategic SmallCap (PSSCF) Public Emerging Opportunities (PEMOF) Public Islamic Emerging Opportunities (PIEMOF) Public Focus Select (PFSF) PB SmallCap Growth (PBSCGF) PB Islamic SmallCap (PBISCF) Regional Funds Public Australia Equity (PAUEF) Public Far-East Telco & Infrastructure (PFETIF) Public Regional Sector (PRSEC) Public Far-East Property & Resorts (PFEPRF) Public Optimal Equity (POEF) Public Far-East Alpha-30 (PFA30F) Public South-East Asia Select (PSEASF) Public ASEAN Growth (PASGF) Public Greater China (PGCF) Public Far-East Dividend (PFEDF) Public China Titans (PCTF) Public China Select (PCSF) Public Indonesia Select (PINDOSF) Public Far-East Select (PFES) Public Singapore Equity (PSGEF) Public Far-East Consumer Themes (PFECTF) PB China Australia Equity (PBCAUEF) PB ASEAN Dividend (PBADF) PB Asia Pacific Dividend (PBAPDF) PB Asia Emerging Growth (PBAEGF) PB ASEAN Dividend Sequel (PBADSQF) PB China Pacific Equity (PBCPEF) PB China ASEAN Equity (PBCAEF) ^ PB Asia Pacific Enterprises (PBAPENTF) PB Asia Equity (PBAEF) ^ PB Singapore Advantage-30 Equity (PBSGA30EF) ^ P a g e

4 Fund Name Islamic Regional Funds Fund NAV (RM) Weekly % Change Public China Ittikal (PCIF) Public Islamic Asia Dividend (PIADF) Public Islamic Optimal Equity (PIOEF) Public Islamic Asia Leaders Equity (PIALEF) Public Asia Ittikal (PAIF) PB Islamic Asia Equity (PBIAEF) ^ PB Islamic Asia Strategic Sector (PBIASSF) Global Funds Public Global Select (PGSF) Public Worldwide Equity (PWEF) Public India-Global Equity (PINGEF) PB Global Equity (PBGEF) PB Euro Pacific Equity (PBEPEF) Islamic Global Funds Public Islamic Global Equity (PISGEF) II. BALANCED FUNDS Public Strategic Balanced (PSTBLF) Public Select Mixed Asset Conservative (PSMACF) Public Tactical Allocation (PTAF) Public Growth Balanced (PGRBF) Public Balanced (PBF) Public e-flexi Allocation (PeFAF) Public Select Mixed Asset Growth (PSMAGF) Public Far-East Balanced (PFEBF) Public Navigator Growth (PNVGF) PB Australia Dynamic Balanced (PBADBF) PB Balanced (PBBF) ^ PB Asia Real Estate Income (PBAREIF) PB Mixed Asset Conservative (PBMAC) PB Mixed Asset Growth (PBMAGRF) PB Balanced Sequel (PBBSQF) PB Dynamic Allocation (PBDYNAF) PB Indonesia Balanced (PBINDOBF) Public Ehsan Mixed Asset Growth (PESMAGF) Public Ehsan Mixed Asset Conservative (PESMACF) Public Islamic Growth Balanced (PIGRBF) Public e-islamic Flexi Allocation (PeIFAF) Public Islamic Mixed Asset (PIMXAF) Public Islamic Asia Tactical Allocation (PIATAF) PB Islamic Dynamic Allocation (PBIDYNAF) P a g e

5 Fund Name III. BOND FUNDS Fund NAV (RM) Weekly % Change Public Enterprises Bond (PENTBF) Public Bond (PBOND) Public Strategic Bond (PSTBF) Public Institutional Bond (PIN Bond) ^ Public Select Bond (PSBF) Public Enhanced Bond (PEBF) PB Infrastructure Bond (PBINFBF) ^ PB Fixed Income (PBFI) ^ PB Bond (PBBOND) Public Sukuk (PSKF) Public Islamic Enhanced Bond (PIEBF) Public Islamic Strategic Bond (PISTBF) Public Islamic Infrastructure Bond (PIINFBF) Public Islamic Income (PI INCOME) Public Islamic Bond (PI BOND) Public Islamic Select Bond (PISBF) PB Aiman Sukuk (PBASF) PB Sukuk (PBSKF) PB Islamic Bond (PBIBF) ^ IV. MONEY MARKET FUNDS Public e-cash Deposit (PeCDF) ^ Public Money Market (PMMF) PB Cash Plus (PBCPF) ^ PB Cash Management (PBCMF) ^ Public e-islamic Cash Deposit (PeICDF) ^ Public Islamic Money Market (PIMMF) ^ PB Islamic Cash Management (PBICMF) ^ V. PRS FUNDS Public Mutual PRS Conservative (PRS-CVF) Public Mutual PRS Growth (PRS-GRF) Public Mutual PRS Moderate (PRS-MDF) Public Mutual PRS Strategic Equity (PRS-SEQF) Public Mutual PRS Equity (PRS-EQF) Public Mutual PRS Islamic Growth (PRS-IGRF) Public Mutual PRS Islamic Conservative (PRS-ICVF) Public Mutual PRS Islamic Moderate (PRS-IMDF) Public Mutual PRS Islamic Strategic Equity (PRS-ISEQF) * PB series of funds are highlighted to differentiate them from the Public series of funds ^ Adjusted for distribution 5 P a g e

6 THE CONTENTS OF THIS REPORT ARE STRICTLY FOR INFORMATION PURPOSES ONLY AND NO PART OF THIS REPORT IS TO BE CONSTRUED AS AN OFFER OR SOLICITATION OF AN OFFER TO INVEST IN PUBLIC MUTUAL S FUNDS. This Weekly Brief report summarises the movement of the equity and bond markets as well as the funds performance for the period under review and is intended for circulation to the unitholders of Public Mutual. The Market Brief is prepared based on material compiled from data considered to be reliable at the time of writing, but Public Mutual does not make any representation or warranty, express or implied, as to its accuracy, completeness or correctness. The Fund Performance Review summarises the fund s weekly performance compared against its benchmark. Readers should note that past performance of a fund is not an indication of its future performance. No part of this report may be shared, reproduced, distributed, transmitted, displayed or published in any manner without the written consent of Public Mutual. Public Mutual does not accept any liability, be it directly, indirectly or consequential losses or damages that may arise from any reliance based on this report. 6 P a g e