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 gained 3.45% on-average, contributing the bulk of the overall monthly return. Among equity funds, China and Greater China portfolios occupied the top spots of the performance table with average gains of 10.37% and 7.75%, respectively, while gold and precious metals was at the bottom with an average loss of 9.91%.
Bond funds and mixed-asset funds gained 0.11% on-average. Bond funds operated in an unfavourable market environment in April because investors switched capital from government bonds to equities on the perception that the worst of the credit crunch might have passed.
Islamic funds gained 1.93% on-average.
ôSeveral fundamental parameters such as US housing prices, the unemployment rate, wage growth, and food and natural resources prices suggest that the global investment climate remains challenging,ö says Eric Wong, head of Hong Kong research at Lipper. ôInvestors must remain vigilant and should avoid overweighting their portfolios in high volatility assets until these fundamental parameters have consistently improved.ö
Malaysian stocks generally are still relatively inexpensive despite having recovered nearly 10% of their value since mid-March. However, the future of Prime Minister Abdullah Ahmad Badawi and the continuity of government policies remain uncertain, Wong notes.
ôThese political factors may restrain the performance of the equity market in Malaysia in the near term,ö he says.
Average performance of fund groups registered for sale in Malaysia in April, by asset type:
Money Market Funds +0.22%
Bond Funds +0.11%
Protected Funds +0.56%
Guaranteed Funds +0.94%
Mixed-Asset Funds +2.18%
Equity Funds +3.45%
Record low borrowing costs in Australia are feeding demand for the country's real estate, with domestic and global investors raising their allocations into the sector.
Experts have a diversified view on the appeal of private assets across the region, but one thing's for certain - inflows are rising, particularly into China and the US.
Malaysia's Armed Forces Fund hires new CEO; Canada's Omers appoints Asia capital markets managing director; HSBC Asset Management creates alternatives unit, appoints CIO as its head; Bank of Singapore names global wealth head; Aware Super hires IFA head; Hong Kong names acting head for MPFA; Schroders adding to Asia ESG headcount; and more.
Asian fixed income assets – including Hong Kong dollar (HKD) bonds – are luring growing numbers of global investors who are striving for reliable and consistent returns amid macro uncertainty compounded by rising inflation and rates, according to HSBC Asset Management.