The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
Equity funds, which were last yearÆs top performers, led the decline with an average loss of 6.47%. Funds that invest in Greater China and the Asia-Pacific region suffered the steepest losses.
Islamic sub-sector funds were down 2.83% on average, but managed to outperform the broader market. Money market funds held steady.
ôMalaysia is increasingly being touted for its defensive qualities, but a slowing global economy and rising inflationary pressures remain risks,ö says Singapore-based Kenneth Koh, head of research for Asia ex-Japan at Lipper, referring to sentiment for the local market.
The Malaysian bourse started the first trading month of 2008 on a rosy note, gaining nearly 5% at one stage to touch an all-time high of 1,524.69 points. A deteriorating US growth outlook and heavy selling pressure amid sliding global bourses eventually saw the benchmark KL Composite Index giving up all its gains and falling sharply to a low of 1,340.29 points last month. Bargain hunting and a technical rebound at the end of the month enabled the KL Composite Index to close the month with a relatively smaller decline of 3.58% at 1,393.25 points, outperforming most of the other markets in the region.
Average performance of fund groups registered for sale in Malaysia in January, by asset types:
Equity Funds -6.47%
Mixed-Asset Funds -3.70%
Guaranteed Funds -1.71%
Protected Funds -1.38%
Bond Funds -0.17%
Money Market Funds +0.21%
Top 5 fund sectors in terms of performance in January, with their average gain/loss:
Equity Sector Gold and Precious Metals +5.04%
Bond Global +0.83%
Money Market Malaysian ringgit +0.21%
Bond Malaysian ringgit -0.06%
Bottom 5 fund sectors in terms of performance in January, with their average loss:
Equity Greater China -16.44%
Equity Asia-Pacific -12.74%
Equity Sector Real Estate -10.56%
Equity Global -10.50%
Equity Asia-Pacific Ex-Japan -10.26%
Sunsuper and QSuper appoints CIO for combined entity; State Street appoints heads of HK and Taiwan; Nothern Trust rebuilds Apac team; Manulife IM names emerging markets fixed income CIO; RBC Wealth Management hires four into HK; Lombard Odier hires two senior equity managers; Allianz Global Investors appoints Asia hand as equity CIO; and more.
Investors from China and the US are expected to continue buying assets in each other’s markets despite the blacklist of Chinese firms with military and surveillance ties.
Stronger government actions are needed to meet the Paris Agreement goal of limiting global temperature rise to 1.5 degrees, investors such as Hesta and CDPQ signed in a statement.
AsianInvestor explains why we chose the winners of the second half of our 2021 fund manager winners, by major local markets.