Entries by Affin Hwang Asset Management

Affin Hwang Investment Forum 2017

KUALA LUMPUR – Running for its third consecutive year, Affin Hwang Asset Management Berhad (“Affin Hwang AM” or “the Company”) has successfully hosted its annual investment forum for the year 2017, titled ‘Navigating through a Changing World’. The Forum took place on the 20th May, Saturday at Sime Darby Convention Centre, Mont Kiara and was well received with more than 650 participants eager to gain insights into the investment landscape against increasingly fluid developments in the markets. Joined by our investment partners, the forum featured prominent speakers including: Eric Mueller, Director, Multi-Asset Strategist of BlackRock Wang Yu-Ming, Deputy President, Global Head of Investment & CIO – International of Nikko Asset Management Mallika Sachdeva, FX Strategist of Deutsche Bank; and Teng Chee Wai, Managing Director of Affin Hwang AM On the local investment-front, Teng Chee Wai, Managing Director of Affin Hwang AM said that markets are bracing for a pre-election rally in the country, as the cheaper Ringgit becomes more attractive to foreign funds as well, drawing more inflows. Teng also adds that the worst may be over for banking and property-related counters, as both sectors look poised for a turnaround after recent lacklustre performances, driven by increasingly attractive valuations and […]

Affin Hwang AM sees Growth Opportunities in Asia

KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or “the Company”) believes that while the global markets may remain volatile in the near future, pockets of opportunity will continue to present themselves in Asia. David Ng, Chief Investment Officer of Affin Hwang AM said, “At a glance, the first quarter pretty much followed the risk-on script as optimism riding on President Trump’s policy pledges was carried forward from 4Q2016 into 2017.” This however masks the recovery story within Asia and the turnaround seen in recent weeks. The macro data has been surprising on the upside. The earnings growth is being revised up by analysts, the first re-rating in the past 5 years. The HK/ China market led the recovery among its regional peers amid better earnings coupled with cheaper valuations as compared to developed markets. Fundamentals have also been supportive for Asian market, and it’s probably one of the better first quarter seen in recent years. The Company believe that the infrastructure story is taking shape in Asia. This is positive for Asia economic growth over the longer term. On the infrastructure side, our main exposure remains within China, where some of our participation has done relatively […]

The Diversification Effect

No two people are the same. To some extent, this phrase applies to those in the investment world. However, while each investor would have respective tendencies, preferences and even approaches; at the very core, the fundamental idea of investing remains the same – to consistently grow and preserve wealth. Then again, this is easier said than done. It is often said that death and taxes are the only two guarantees in life. In the investment world however, another two guarantees are observed: (1) change is constant; and (2) every cycle has its ups and downs. While one can be working hard to identify opportunities, sometimes downturns and market corrections may hit without so much as a hint. Against such backdrop, it makes eminent sense to work around a diversified portfolio as opposed to timing the market in attempts to handpick the “fastest horse”. No matter how safe or strong the conviction may seem to be, there is a simple logic behind not placing all your eggs into one basket. For instance, different assets may have varying reactions to changing market conditions. It is not uncommon for winners from a particular year to become underperformers in the next, and vice versa. […]

Affin Hwang AM’s 8th World Series Offers Investors Access to the US Bond Market

KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or the “Company”) launches another solution in the Affin Hwang World Series today. Funds in the Affin Hwang World Series offer investors a platform to gain exposure in major developed markets by accessing global funds. The latest and the eighth fund in the series, Affin Hwang World Series – US Short Duration High Income Fund (the “Fund”) is a wholesale feeder fund that aims to provide investors with regular income through investment in a portfolio of US high yield bonds. The Fund invests in the Target Fund, the Allianz US Short Duration High Income Bond managed by Allianz Global Investors U.S. LLC. (the “Target Fund Manager”). Chan Ai Mei, Chief Marketing & Distribution Officer of Affin Hwang AM said, “We foresee a positive outlook for the US economy. The US GDP showed a strong rebound in the third quarter of 2016, with positive contribution from inventories after five negative quarters.” The Target Fund Manager forecasts that the headline inflation rate will likely to accelerate due to the base effects from commodity prices and a relatively tight labour market. Ai Mei said that the Company recognised that there is demand […]