Weekly Changes of the Ringgit relative to Selected Currencies Comment

Transcription

1 Market Local Regional Global WEEKLY BRIEF: Global Markets Eased on Rising U.S. Treasury Yields Selected Markets Weekly Performances 5 Oct Sep 18 Weekly % YTD % change change FBM KLCI 1,777 1, FBM EMAS Shariah Index 12,512 12, FBM Small Cap Index 14,195 14, South East & South Asia Singapore 3,210 3, Thailand 1,721 1, Indonesia 5,732 5, India 34,377 36, North Asia Shanghai A Shares 2,955^ 2, TOPIX (Japan) 1,793 1, South Korea 2,268 2, Hong Kong 26,573 27, China*, H Share 10,530 11, Taiwan 10,517 11, Global Dow Jones 26,447 26, Europe** 3,030 3, Nasdaq 7,788 8, * Hang Seng China Enterprises Index ** STOXX Europe 50 Index # in USD ^As at 28 Sep 18 Comments After touching 1,800 points on Wednesday, the FBM KLCI retreated in tandem with weaker offshore markets to close at a 10-week low of 1,777 points, with a weekly loss of 0.9%. Regional markets traded lower on the back of concerns of faster-than-expected interest rate hikes with the U.S. 10-year Treasury yield climbing to a 7-year high to 3.23% last week. In North Asia, the China H Share, Hong Kong and Taiwan markets fell by 4.4% each for the week. After hitting a record high of 26,828 points on Wednesday, the Dow eased on rising U.S. Treasury yields to close almost unchanged at 26,447 points for the week. However, the Nasdaq declined by 3.2% following losses in technology stocks. YTD % Weekly Changes of the Ringgit relative to Selected Currencies MYR per Weekly % Comment Currency Change # Change # Australian Dollar Over the week, the Ringgit edged down by 0.3% against the U.S. dollar amid increasing U.S. interest rates. Indonesia Rupiah^ Taiwan Dollar Singapore Dollar Euro Japanese Yen* U.S. Dollar Chinese Yuan Source: Bloomberg, data as at 5 Oct 18. * Per 100 Yen, ^Per 100 Rupiah # +change indicates Ringgit s appreciation against foreign currencies Led by firmer oil prices, the Ringgit generally traded higher relative to regional currencies with weekly gains ranging from +0.1% to +1.6%.

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

3 Fund Name Fund NAV (RM) Weekly % Change Small & Mid Cap Funds Allowed to Invest in Foreign Markets up to 25%/30% of Fund's NAV Public Islamic Select Treasures (PISTF) Public SmallCap (P SmallCap) Public Strategic SmallCap (PSSCF) # Public Islamic Emerging Opportunities (PIEMOF) Public Islamic Treasures Growth (PITGF) Public Emerging Opportunities (PEMOF) Public Islamic Opportunities (PIOF) Public Focus Select (PFSF) Public Select Treasures Equity (PSTEF) PB SmallCap Growth (PBSCGF) # PB Islamic SmallCap (PBISCF) Regional Funds Public Australia Equity (PAUEF) Public Singapore Equity (PSGEF) Public Far-East Telco & Infrastructure (PFETIF) Public ASEAN Growth (PASGF) Public South-East Asia Select (PSEASF) Public Far-East Property & Resorts (PFEPRF) Public Optimal Equity (POEF) Public Far-East Dividend (PFEDF) Public Far-East Select (PFES) Public Regional Sector (PRSEC) Public China Titans (PCTF) Public Far-East Alpha-30 (PFA30F) Public Far-East Consumer Themes (PFECTF) Public Greater China (PGCF) Public China Select (PCSF) Public Indonesia Select (PINDOSF) PB Singapore Advantage-30 Equity (PBSGA30EF) PB ASEAN Dividend Sequel (PBADSQF) PB ASEAN Dividend (PBADF) PB Asia Equity (PBAEF) PB Asia Pacific Dividend (PBAPDF) PB China Australia Equity (PBCAUEF) PB Asia-30 Equity (PBA30EF) PB Asia Emerging Growth (PBAEGF) PB China ASEAN Equity (PBCAEF) PB Asia Pacific Enterprises (PBAPENTF) PB China Pacific Equity (PBCPEF)

4 Fund Name Islamic Regional Funds Fund NAV (RM) Weekly % Change Public Islamic ASEAN Growth (PIASGF) Public Islamic Optimal Equity (PIOEF) Public Islamic Asia Dividend (PIADF) Public Asia Ittikal (PAIF) Public China Ittikal (PCIF) Public Islamic Asia Leaders Equity (PIALEF) PB Islamic Asia Equity (PBIAEF) PB Islamic Asia Strategic Sector (PBIASSF) Global Funds Public Worldwide Equity (PWEF) Public Global Select (PGSF) Public Lifestyle & Technology (PLTF) 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 Non Public e-flexi Allocation (PeFAF) Public Select Mixed Asset Growth (PSMAGF) Public Balanced (PBF) Public Growth Balanced (PGRBF) Public Select Mixed Asset Conservative (PSMACF) Public Strategic Balanced (PSTBLF) # Public Far-East Balanced (PFEBF) Public Navigator Growth (PNVGF) Public Tactical Allocation (PTAF) PB Mixed Asset Conservative (PBMAC) PB Mixed Asset Growth (PBMAGRF) PB Balanced Sequel (PBBSQF) PB Balanced (PBBF) PB Australia Dynamic Balanced (PBADBF) PB Asia Real Estate Income (PBAREIF) PB Indonesia Balanced (PBINDOBF) PB Dynamic Allocation (PBDYNAF) Public Ehsan Mixed Asset Conservative (PESMACF) Public e-islamic Flexi Allocation (PeIFAF) Public Ehsan Mixed Asset Growth (PESMAGF) Public Islamic Growth Balanced (PIGRBF) Public Islamic Mixed Asset (PIMXAF) Public Islamic Asia Tactical Allocation (PIATAF) PB Islamic Dynamic Allocation (PBIDYNAF)

5 Fund Name III. BOND FUNDS Non Fund NAV (RM) Weekly % Change Public Institutional Bond (PIN Bond) # Public Strategic Bond (PSTBF) Public Bond (PBOND) Public Select Bond (PSBF) Public Enterprises Bond (PENTBF) # Public Enhanced Bond (PEBF) PB Bond (PBBOND) PB Fixed Income (PBFI) PB Infrastructure Bond (PBINFBF) Public Islamic Income (PI INCOME) Public Islamic Select Bond (PISBF) Public Islamic Strategic Bond (PISTBF) Public Islamic Bond (PI BOND) Public Sukuk (PSKF) Public Islamic Infrastructure Bond (PIINFBF) Public Islamic Enhanced Bond (PIEBF) PB Sukuk (PBSKF) PB Islamic Bond (PBIBF) PB Aiman Sukuk (PBASF) IV. MONEY MARKET FUNDS Non Public e-cash Deposit (PeCDF) # Public Money Market (PMMF) PB Cash Plus (PBCPF) # PB Cash Management (PBCMF) Public Islamic Money Market (PIMMF) Public e-islamic Cash Deposit (PeICDF) # PB Islamic Cash Management (PBICMF) V. PRS FUNDS Non Public Mutual PRS Conservative (PRS-CVF) Public Mutual PRS Equity (PRS-EQF) Public Mutual PRS Growth (PRS-GRF) Public Mutual PRS Moderate (PRS-MDF) Public Mutual PRS Strategic Equity (PRS-SEQF) Public Mutual PRS Islamic Conservative (PRS-ICVF) Public Mutual PRS Islamic Moderate (PRS-IMDF) Public Mutual PRS Islamic Growth (PRS-IGRF) 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

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.