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FUND FACTSHEET – APRIL 2016 All data expressed as at 31 March 2016 unless otherwise stated RHB MALAYSIA DIVA FUND This Fund aims to provide total returns primarily through investment in equity and equity related securities of companies which offer potentially high dividend yields and sustainable dividend payments. INVESTOR PROFILE INVESTMENT STRATEGY This Fund is suitable for Investors who: • are looking for potential income through equities that offer dividend and growth potential; and • have medium to long term investment horizon. • Up to 100% of NAV: Investments in equities and/or fixed income securities or liquid assets. FUND PERFORMANCE ANALYSIS FUND DETAILS Performance Chart Since Launch* Investment Manager Trustee Fund Category Fund Type Cumulative Performance (%)* 1 Month Fund 2.19 Benchmark 0.28 3 Months -4.91 0.82 6 Months 5.76 1.65 YTD -4.91 0.82 3 Years 25.22 10.00 5 Years 41.03 16.98 Since Launch 198.23 78.96 2014 -12.69 3.20 2013 35.55 3.15 2012 11.47 3.15 1 Year -2.46 3.30 Fund Benchmark Calendar Year Performance (%)* 2015 Fund 10.85 Benchmark 3.30 Launch Date Unit NAV Fund Size (million) Units In Circulation (million) Financial Year End MER (as at 31 March 2015) Min. Initial Investment Min. Additional Investment Benchmark Sales Charge Redemption Charge Annual Management Fee Annual Trustee Fee Switching Fee Redemption Period Distribution Policy Source: Lipper IM 2011 4.28 3.03 *The implementation of GST will be effective from 1 April 2015 at the rate of 6% and the fees or charges payable is exclusive of GST. *For the purpose of computing the annual management fee and annual trustee fee, the NAV of the Fund is exclusive of the management fee and trustee fee for the relevant day. FUND PORTFOLIO ANALYSIS Sector Allocation* Industrial Products 21.21% Consumer Products 17.55% Property 12 Months 0.5969 0.4377 Since Launch 1.7254 0.3451 12.81% Construction 10.21% Finance Source: Lipper IM 7.21% ACE Market 6.59% Technology 5.16% Consumer 2.84% MM,Cash & Others -10% FUND STATISTICS Historical NAV (RM) 1 Month High 0.5104 Low 0.4491 24.72% Trading / Services RHB Asset Management Sdn. Bhd. CIMB Islamic Trustee Bhd Equity Fund Income and Capital Growth Fund 03 May 1999 RM0.4501 RM8.16 18.13 31 March 1.74% RM1,000.00 RM100.00 Maybank's 12 mths FD Rate Up to 6.00% of NAV per unit None Up to 1.50% p.a. of NAV* 0.08% p.a. of NAV, subject to a min. of RM18,000 p.a.* RM25.00 per switch Within 10 days after receipt the request to repurchase Annually, if any -8.30% 0% 10% 20% Top Holdings (%)* SIGNATURE INTERNATIONAL BERHAD UNITED U-LI CORPORATION BHD AIRASIA BHD MALAYAN BANKING BHD SUIWAH CORPORATION BHD *As percentage of NAV RHB Asset Management Sdn Bhd (174588-x) 30% 5.77 4.25 4.22 3.88 3.75 Historical Distributions (Last 5 Years) (Net) Distribution Yield (%) (sen) 28 Mar 2016 5.5000 10.74 15 Apr 2015 6.5000 10.70 27 Mar 2014 6.2000 9.87 29 Mar 2013 3.8849 N/A 30 Mar 2012 3.9062 N/A Source: RHB Asset Management Sdn. Bhd. Head Office: 19th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur General Line: 603-2164 3036 FUND FACTSHEET – APRIL 2016 All data expressed as at 31 March 2016 unless otherwise stated RHB MALAYSIA DIVA FUND This Fund aims to provide total returns primarily through investment in equity and equity related securities of companies which offer potentially high dividend yields and sustainable dividend payments. MANAGER'S COMMENTS MARKET REVIEW The FTSE Bursa Malaysia KLCI (KLCI) ended the month positively by gaining 3.8%, outperforming overall ASEAN market (+1.02%) driven by strong foreign inflows, delay in the Fed rate hike, and higher oil prices. Bank Negara Malaysia maintained its OPR unchanged at 3.25% while inflation rate rose at a faster than expected pace of 4.2% following higher food prices and a jump in alcoholic beverages and tobacco. Moody's revised Malaysia A3 rating outlook to stable from positive on Malaysia's long term economic prospects given its structural strengths and diversified economy. A slew of major infrastructure projects were awarded and expected to be accelerated in the coming month which will boost the economy. MARKET OUTLOOK & STRATEGY Global economy is expected to expand 3.3% in 2016 from 2.8% in 2015 underpinned by robust growth in advanced economies, moderate recovery in emerging markets as China economy stabilizing. The subsequent tightening cycle from the Fed are expected to be gradual and will proceed smoothly as the US economy improves amid low inflation environment whilst other central banks maintain accommodative monetary policy stance. Nonetheless, equity market will continue to be volatile as growth remains fragile and could be derailed by quicker pace of normalization of monetary policy. The state of China economy, crude oil prices and strength of dollar will come under scrutiny for spillover effects on asset allocation and capital flows. Global portfolio adjustments would continue from bonds to equities, mainly supported by accelerating global growth under low inflation environment whilst offsetting rising bond yield as a result of normalization of interest rates in the US. Equities in developed markets are likely to maintain the momentum to outperform whilst the Fed interest rates increase will take a toll on emerging markets on currency fluctuation and higher borrowing costs. Emerging markets equities are likely to suffer from high volatility in the short-term, however, expect emerging markets to experience spillover effect from developed markets broadening growth. ASEAN is in healthy shape with a superior debt position relative to many markets in the West and is, in our view, standing on the brink of a multi-year structural growth story. The OECD projects an average annual growth of 5.5% for ASEAN over the next five years. Over the last decade, ASEAN GDP growth was driven by the ex-Singapore renaissance. Strong GDP growth was the result of rising productivity, the burgeoning middle class, young demographics in a huge population, governments’ pro-stimulus policies on large scale infrastructure projects and increasing intra-regional trade flows as FTA come to the force. Malaysia is expected to achieve a GDP growth of 4%-5% in 2016 from 4.5%-5.5% in 2015 driven by private investment and accelerate selected public infrastructure projects. Weak ringgit should sustain foreign direct investment inflows into manufacturing and services projects whilst boosting the earnings of export-led companies. The major concern in 2016, however, will be continuity of monetary policy after the retirement of Bank Negara Governor Tan Sri Zeti, slower growth dragged by weak oil prices and delay in executing public infrastructure projects. We remained focus on investing in good quality companies with resilient earnings while we continue to hold on to our main thesis of investing on urbanization, and government’s initiative in economic transformation projects. The key strategy would be to be nimble at adding or initiating new positions in well-managed companies that demonstrate a sustainable business models and decent dividend payouts with competitive advantages during the downside of the market. DISCLAIMER: Based on the fund’s portfolio returns as at 15 March 2016, the Volatility Factor (VF) for this fund is 18.6 and is classified as “ Very High”. (source: Lipper) “Very High” includes funds with VF that are above 10.6 (source: Lipper). The VF means there is a possibility for the fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. VF is subject to monthly revision and VC will be revised every six months. The fund’s portfolio may have changed since this date and there is no guarantee that the fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC. The VC referred to was dated 31 December 2015 which is calculated once every six months and is valid until its next calculation date, i.e. 30 June 2016. A Product Highlights Sheet (“PHS”) highlighting the key features and risks of the Fund is available and investors have the right to request for a PHS. Investors are advised to obtain, read and understand the PHS and the contents of the Master Prospectus dated 15 July 2015 and its supplementary(ies) (if any) (“the Master Prospectus”) before investing. The Master Prospectus has been registered with the Securities Commission Malaysia who takes no responsibility for its contents. Amongst others, investors should consider the fees and charges involved. Investors should also note that the price of units and distributions payable, if any, may go down as well as up. Where a distribution is declared, investors are advised that following the issue of additional units/distribution, the NAV per unit will be reduced from cum-distribution NAV to ex-distribution NAV. Any issue of units to which the Master Prospectus relates will only be made on receipt of a form of application referred to in the Master Prospectus. For more details, please call 1-800-88-3175 for a copy of the PHS and the Master Prospectus or collect one from any of our branches or authorised distributors. The Manager wishes to highlight the specific risks of the Fund are stock market risk, liquidity risk, individual stock risk, interest rate risk, credit / default risk and issuer risk. These risks and other general risks are elaborated in the Master Prospectus. This factsheet is prepared for information purposes only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive it. Past performance is not necessarily a guide to future performance. Returns may vary from year to year. RHB Asset Management Sdn Bhd (174588-x) Head Office: 19th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur General Line: 603-2164 3036