MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
Equity funds led the decline, posting a 2.71% average loss, with Greater China and European real estate portfolios recording the steepest losses.
Among the top 10 fund sectors tracked by Lipper in November, six managed to turn in a positive set of numbers. Global bond funds were up 2.31% on-average ranked first overall.
ôOn the local front, the Malaysian marketÆs defensive qualities, supported by its plantation and oil and gas key heavyweights, may keep it in good stead in the run-up to the countryÆs general elections in the months ahead,ö says Singapore-based Kenneth Koh, head of research for Asia ex-Japan at Lipper.
The relisting of Sime Darby has provided a fresh impetus to the market, while both the construction and property sectors will continue to benefit from foreign investments, supported by positive news flow related to the countryÆs key economic development zones, he notes.
Average November performance of fund groups registered for sale in Malaysia, by asset types:
Money Market Funds +0.17%
Bond Funds -0.06%
Target Maturity Funds -0.11%
Guaranteed Funds -0.97%
Protected Funds -1.48%
Mixed-Asset Funds -1.55%
Equity Funds -2.71%
Top 5 fund sectors in terms of performance in November, with their average gain:
Bond Global +2.31%
Equity Sector Utilities +1.08%
Equity Sector Pharma&Health +0.35%
Mixed Asset Other Aggressive +0.24%
Bottom 5 fund sectors in terms of performance in November, with their average loss:
Equity Greater China -9.92%
Equity Sector Real Estate Europe -9.62%
Equity Sector Real Estate Global -5.89%
Equity Emerging Markets Global -5.51%
Equity Sector Real Estate Other -5.10%
Top 5 funds in November, with gain:
OSK-UOB Growth Path Today +4.88%
Alliance Advantage Gem Treasures +3.52%
AMB Enhanced Bond Trust +3.01%
ASM Dana Bestari Equity Malaysia +2.81%
AmGlobal Bond Bond Global +2.70%
Bottom 5 funds in November, with loss:
HWANGDBS Greater China -13.18%
Public China Select -10.21%
CIMB-Principal Greater China Equity -9.64%
AmPan European Property Equities -9.62%
RHB Technology -8.59%
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
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SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.