Entries by Affin Hwang Asset Management

Malaysia’s First Japan Investment Solution: Hwang Select Japan Quantum Fund

KUALA LUMPUR, 4 MARCH 2014 – Hwang Investment Management Berhad (“HwangIM” or the “Company”) today unveiled Malaysia’s maiden Japan investment solution that is tailored to investors who have a medium-to-long term investment horizon. Known as the Hwang Select Japan Quantum Fund (“SJQF” or “the Fund”), its objective is to provide investors with capital appreciation over the medium-to-long term. The Fund is suitable for investors who seek exposure in Japanese equities and have a relatively higher risk tolerance level. The Fund employs an active value strategy which essentially focuses on investments in undervalued companies that offer growth opportunities. It utilises fundamental research to identify stocks that have been mispriced by the market. Over the long run, the Fund also aims to take opportunities in companies which have undergone changes in business strategy. Therefore, the stock prices of these undervalued companies are expected to rise and converge to their intrinsic valuations. During the launch of the Fund, Teng Chee Wai, Chief Executive Officer and Executive Director of HwangIM, said, “I am positive of the impact from Shinzo Abe’s policies on the Japanese economy. The present administration is firm on reflating the economy with its three-arrow policy goals; bold monetary policies, fiscal stimulus […]

Malaysia: 3Q2013 GDP Growth

The Malaysian economy registered a stronger 5.0% gross domestic product (GDP) growth in the third quarter of 2013 compared to 4.4% the previous quarter. Domestic demand remained the key growth driver, expanding 8.3% (2Q2013: 7.4%), while exports turned around to grow 1.7% (2Q2013: -5.2%), according to Bank Negara Malaysia (BNM) today. The central bank forecasts growth for 2013 will range between 4.5% and 5%, with export recovery expected to continue into 2014. Moderate expansion in the global economy supported exports recovery. However, international financial markets experienced increased volatility amid uncertainties over the fiscal and monetary policies of the advanced economies, particularly the US. Consumption Private consumption expanded 8.2% (2Q2013: 7.2%), supported by sustained employment conditions and wages growth. Growth in public consumption moderated to 7.8% (2Q2013: 11.8%), reflecting lower government spending on supplies and services. Investment Private investment grew 15.2% (2Q2013: 12.7%), driven by capital spending in the services and manufacturing sectors, as well as the on-going implementation of projects in the oil and gas sector. Meanwhile, public investment growth improved but remained weak at -1.3% (2Q2013: -6.4%), driven mainly by public enterprises investing in the transportation, oil and gas and utilities sectors. (Source: Bank Negara Malaysia) On the supply side, growth […]

Connecting The Dots: Fund Management versus Football

For almost half time, the game drifted directionless until the ball rested at Messi’s feet. He took possession as if the ball had found a rightful owner. He jiggled and dribbled effortlessly around all those standing in his way. Almost like in a paperback novel, his team mates read the game like the back of their hands. Far from the deafening noise in the crowd, Messi knew he will be challenged, every step he took and every move he made. In his strides from midfield to deep inside opposing territory, the world’s greatest player meticulously positioned the ball for a clear and unobstructed view of the goal post. GOAL ! ! !  The thunderous roar of screaming fans echoed around the stadium. To an ordinary fan, there is always something extraordinary about every goal in football. To a professional money manager, sitting at the stadium intensely watching the game, it was a momentous occasion of sheer excitement. Despite the deafening crowds around him, he smiles quietly at the uncanny similarities between professional football and professional fund management. Deep down, he knows there is more than meets the eye. It is football season in Europe and the fever has begun with […]

What’s happening in the markets?

What’s happening in the markets? Talks of the Federal Reserve (Feds) potentially tapering its Quantitative Easing (QE) program has caused major corrections in the global equity markets off their recent all-time highs. While improvement in US growth numbers are expected to compensate for the scaling down of the bond-purchase program by the Feds, markets remain more concerned on the Asian markets which has seen growth but not at a material pace. After being supported by liquidity in the past year, concerns of a tapering off saw global markets being sold down. Better economic data from the economic giant led the US markets to correct between 3 to 4% while its Asian counterparts slid between 10 to 15%. Income yielding investments such as Real Estate Investment Trusts (REITs) and bond like instruments experienced a larger impact after being priced off the US Treasuries. The rise in yields led to heavier borrowing costs leading these income yielding investments to take the brunt of the hit. Gold, which has always been seen as a safe haven asset has also not been spared. Financial investors, who remain the top 3 largest investors of the precious metal and likely to have took on additional positions […]

Podcast

Breakfast Grille Interview, BFM89.9 – 7 January 2014 Davig Ng, Chief Investment Officer, talks about 2014 Market outlook: The Continued Case for Equities. 1. Part One 2. Part Two 3. Part Three Breakfast Grille Interview, BFM89.9 – 1 October 2013 Teng Chee Wai, Chief Executive Officer and Executive Director, talks about the Affin Holding’s acquisition of Hwang Investment Management. 1. Part One 2. Part Two   Business Breakfast Edition – You Asked, We Answered! Speakers: 1. Teng Chee Wai, Executive Director & Chief Executive Officer, HwangIM HwangIM on hitting RM20b AUM target HwangIM sets a new AUM target: RM30 billion in 3 years! In-house Managed Funds The Industry Leader 2. David Ng, Chief Investment Officer, HwangIM The US market and monetary policy The Yen Movement The investment scenario in the Asia Pacific region 3. Gan Eng Peng, Head of Equities, HwangIM Malaysian Market Outlook The Banking Sector The Commodities and Plantation Sectors The Oil & Gas Sector 3. Esther Teo Keet Ying, Head of Fixed Income, HwangIM The Yen Movement Asian Bond Market The Interest Rates Fixed Income: Asset Allocation Strategy