Entries by Affin Hwang Asset Management

Affin Hwang AM Declared Income Distributions of over RM100 mil for 20 Funds

KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or “the Company”) declared a total of RM106.65 million distributions for 20 funds. The income distributions were distributed across the Company’s close-ended fund, Select Series funds, Shariah-compliant funds, World Series funds as well as bond / fixed income funds. The income distribution are shown in the table below:   No. Fund Income Distribution Registered as at CLOSE-ENDED FUND 1. Affin Hwang Flexible Maturity Income Fund III (“FlexMIF III”) 4.6431 sen or RM0.046431 per Unit 1 June 2017 SELECT SERIES FUND 2. Affin Hwang Select Balanced Fund (“SBalF”) 1.0000 sen or RM0.01 per Unit 9 June 2017 3. Affin Hwang Select Bond Fund (MYR Class) (“SBoF”) 0.5000 sen or RM0.005 per Unit 9 June 2017 Affin Hwang Select Bond Fund (USD Hedged-class) (“SBoF”) 0.2000 cents or USD0.002 per Unit 9 June 2017 4. Affin Hwang Select Dividend Fund (“SDF”) 1.000 sen or RM0.01 per Unit 19 June 2017 5. Affin Hwang Select Income Fund (“SIF”) 0.5000 sen or RM0.005 per Unit 9 June 2017 6. Affin Hwang Select Opportunity Fund (“SOF”) 5.0000 sen or RM0.05 per Unit 9 June 2017 7. Affin Hwang Select Asia Pacific (ex Japan) Balanced Fund […]

Will Trump Be Impeached?

Shock and Awe at the White House Four months into office, US President Donald Trump has said and done a lot of things Some more baffling than others, but never devoid of the shock value that has coloured his presidency, keeping both the media and market observers on edge. However, his most damaging act had come from his recent decision to fire FBI President James Comey, as well as latest allegations that Trump was also responsible for leaking classified information to Russian officials during a White House briefing. Although any concrete evidence is absent at this point, many are speculating that Trump’s decision to fire Comey was an attempt to halt FBI investigations into Russia’s possible interference in the US elections. Trump’s critics have railed against his actions and have called for his impeachment. But just how likely is this to happen and its implications to markets? Impeachment Explained To impeach a president is to remove a sitting president from office, stripping away one’s powers and be officially declared unfit to serve Under the US Constitution, a president can be impeached specifically under two charges, i.e. treason and bribery. The Constitution also contains a broader clause to remove a president […]

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 […]

China Beckons: One-Belt-One-Road (OBOR) Summit

OBOR to Export Overcapacity and Improve Relations As China prepares to host its inaugural One-Belt-One-Road (OBOR) summit on 14-15 May in Beijing, global leaders are bracing for a more outward-looking China that is ready to expound upon its influence and increase regional co-operation. The forum will see leaders and heads-of-states from 28 different countries, as well as more than 1,200 industry experts and business leaders from across the region attending. First mooted by Chinese President Xi Jinping in 2013, the initiative has a collective aim to spearhead trade & economic integration across Asia, Europe and Africa – creating a revamped version of a Modern Silk Road. Approved funding for OBOR projects from the Asian Infrastructure Investment Bank (AIIB) and the Silk Road Fund (SRF) totaled RMB 11.8 billion (USD$ 1.71b) and RMB 23.5 billion (USD$ 3.4b) respectively since 2015. As of Feb’17, China has built 56 Economic Co-operation Zones (ECZ) in 20 OBOR nations with a cumulative investment of USD 18.5 billion and generate on average 4,500 jobs per ECZ. Xi’s OBOR initiative will enable China to export some of its overcapacity while advancing relations with participating countries. Warming US-China Relations We are also witnessing a new era of close […]

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. […]