- Healthy export sector, east Asia's net exporter of crude oil after Malaysia.
- Rapid foreign direct investment growth
- Attractive demographics, with great working population.
Monday, 29 March 2010
Sunday, 28 March 2010
What is the Strategy?
The fund will invest into the 20 largest Shariah-compliant China A-share companies, in terms of their market capitalisation, listed in Shanghai or Shenzhen Stock Exchanges.
Below is some of the informations:
- Fund Category : Structured (wholesale fund)
- Min investment : USD 10,000
- Sales Charge : 3.00 %
- Redemption Fee : 2.00 %
Source: HwangDBS investment management
Wednesday, 24 March 2010
- Australia's positive economic outlook, with strong AUD currency.
- Continue strong demand for its resources, especially from China.
- Sound governance and effective financial policies.
Tuesday, 23 March 2010
Google said on Jan.12 it was no longer willing to censor content on its Chinese site after it was targeted by cyber attacks from within China. Hackers obtained proprietary information and e-mail data of some human rights activists in a "highly sophisticated attack", said Google. Clearly, Google is upset with the move by "Chinese hackers" or "hackers of China".
Sunday, 14 March 2010
Among the key selling points of the fund are:
- Rapid urbanisation
- Great domestic consumption demand
- Sustainability of strong GDP growth
This is a high risk, high return fund, with portfolio allocation of 60%-40% between the two countries.
UOB asset management will manage the China portfolio, while, UTI International (Singapore) is the sub-manager for India portfolio of the fund.
Saturday, 6 March 2010
4th March 2010, Bank Negara Malaysia (BNM) raised its overnight policy rate (OPR) by 25 basis points to 2.25%, signaling a reversed trend of interest rate environment in Malaysia. According to BNM, such measure was needed to normalize interest rate with improvement in economic conditions. I personally agree too, by rejecting the using the words of “monetary tightening”.
However, this is only just started; a gradual approach by BNM to raised OPR is expected. To recap, BNM had slashed OPR by 150 basis points to 2% starting 2008. In other words, BNM has a lot more room in reaching the pre-crisis level.
Below are some resulting effects:
1. Banks’ base lending rate will rise accordingly from 5.55% now.
2. Banks’ fixed deposit rate will rise accordingly from 2%-2.5% now too.
3. Ringgit will strengthen further against major currencies, like USD and Pounds.
How about Share Market?
A lot of people anticipate that share market will corrects when central banks hike interest rate. However, this time is not the same here, with KLCI inching 1.22% to 1299.78 points. Meanwhile, it also breaks the psychological 1,300 level since 19th Jan this year.
By analyzing KLCI, 28% was made up of banking counters, with Maybank rose 5.56%, RHBCap (+3.4%) and CIMB + (1.0%). Banking stocks were mostly up, due to improved profit margin given an improved interest rate environment. Besides, foreign funds also pouring into Malaysia in view of stronger ringgit and low sovereign default risk.