• About
  • Advertise
  • Write For Us
  • Privacy Policy
  • Contact Us
Subscribe
Smart Investor Malaysia
Advertisement
  • Start Here
    • Guides
    • How-Tos
    • Analysis
  • Investments
    • Asset Management
    • Stocks
    • Islamic Finance
      • Islamic Personal Finance
    • Alternative Investments
  • Personal Finance
    • Cash Management
    • Grow Your Wealth
    • Protect Your Wealth
    • Distribute Your Wealth
    • Behavioural Finance
  • Enterprise
    • Startups
    • Entrepreneurs
    • SMEs
    • Leadership
    • Business Planning
    • Fintech
  • Property
    • First Time Home Buyers
    • Central
    • Northern
    • Southern
    • Sabah & Sarawak
    • Feature
    • Regional / Global
  • ESG
  • News & Events
  • What’s News Asia
No Result
View All Result
  • Start Here
    • Guides
    • How-Tos
    • Analysis
  • Investments
    • Asset Management
    • Stocks
    • Islamic Finance
      • Islamic Personal Finance
    • Alternative Investments
  • Personal Finance
    • Cash Management
    • Grow Your Wealth
    • Protect Your Wealth
    • Distribute Your Wealth
    • Behavioural Finance
  • Enterprise
    • Startups
    • Entrepreneurs
    • SMEs
    • Leadership
    • Business Planning
    • Fintech
  • Property
    • First Time Home Buyers
    • Central
    • Northern
    • Southern
    • Sabah & Sarawak
    • Feature
    • Regional / Global
  • ESG
  • News & Events
  • What’s News Asia
No Result
View All Result
Smart Investor Malaysia
No Result
View All Result
Advertise with Smart Investor Advertise with Smart Investor Advertise with Smart Investor
Home Investments Asset Management

Interview with Kenanga Investors Bhd, Winner Of The FSMOne Recommended Unit Trusts Awards 2022/2023

3 years ago
0
87
SHARES
171
VIEWS
Share on FacebookShare on Twitter

Smart Investor: Congratulations! Can you tell us more about your winning funds in the FSMOne Recommended Unit Trusts Awards 2022/2023?

Lee Sook Yee: The Kenanga Growth Fund Series 2 (KGFS2) and Kenanga Shariah Growth Opportunities Fund (KSGOF) are both equity growth funds that seek to provide investors with long-term capital growth. KGFS2 follows a diversified strategy, where up to 30% of the fund may be invested overseas, with the balance invested in Malaysia. The fund invests across market capitalisations with a focus on growth.

For KSGOF, the fund primarily invests in Shariah-compliant securities with a focus on small-capitalisation segment of the market. Both funds employ a bottom-up stock picking strategy where high conviction stocks are given higher allocation in the portfolio (unless there is liquidity constraint). However, the funds may also tactically scale back equity exposure to stay defensive during periods of higher uncertainties/volatilities.

SI: What are the challenges you have faced in the past 12 months?

LSY: Equity markets globally have been especially challenging in the past 12 months, impacted by continued effects of the pandemic, rising inflation, monetary tightening and geopolitical conflict. COVID concerns still dominated headlines in the second half of last year, as new
variants prompted on and off lockdowns.

Although full re-openings started to progress across the globe in early 2022, the rebound in demand has clashed with supply shortages and triggered a rise in inflation. This was further compounded by the Russia-Ukraine geopolitical conflict. As such, inflation rose to levels which could not be ignored by central banks and as such they have responded with a strong monetary tightening policy.

Rising inflation and tighter policy are negative for asset prices, as liquidity is drained from the system and the cost of capital increases. Inflation also results in rising cost for companies and hurts demand as consumers scale back on discretionary spending. Companies in Malaysia were not spared, given their heavy export links with the rest of the world while rising risk aversion also dampens investment fund flows.

Overall we are managing the environment by currently adopting a defensive portfolio stance, with over-weights on sectors that have pricing power and will also benefit from higher interest rates. We see market weakness as a chance to opportunistically deploy capital to companies where long-term fundamentals still remain solid.

SI: What are the market trends that an investor should look out for in the near future?

LSY: Near term, key factors affecting the market will include the path of US growth and inflation, together with the corresponding response by the US FED. On the other hand, China’s market outlook is improving, as the economy re-opens and further government support is being planned to stimulate the economy. Recently, China’s central bank has moved to cut interest rates while the central government is planning to announce more infrastructure stimulus.

Our positive view on ASEAN is maintained, as growth remains strong and is driven by economic re-opening, while higher commodity prices will also benefit certain economies such as Indonesia and Malaysia. In Malaysia, global macro concerns and rising rates have weighed on the market but pockets of opportunities still exist in the manufacturing, tech and consumer sector where fundamentals still remain bright but valuations have become more attractive.

Lee Sook Yee, chief investment officer, Kenanga Investors Bhd

Previous Post

Interview with Eastspring Investments Bhd, Winner Of The FSMOne Recommended Unit Trusts Awards 2022/2023

Next Post

Interview with Manulife Investment Berhad, Winner Of The FSMOne Recommended Unit Trusts Awards 2022/2023

Next Post

Interview with Manulife Investment Berhad, Winner Of The FSMOne Recommended Unit Trusts Awards 2022/2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Morningstar Awards 2024 Morningstar Awards 2024 Morningstar Awards 2024
  • Trending
  • Comments
  • Latest

Robo Advisor In Malaysia, 8 Robo Advisor Platforms To Choose From

17/08/2022

MRTT VS MRTA, What’s The Difference?

11/10/2023
A calculator on financial chart, financial concept

Tax For The 6 Common Investments In Malaysia

19/09/2023

How To Open A CDS And Share Trading Account?

02/05/2023

Digital Fundraising Platforms in Malaysia

Retirement Plans for the Self-Employed

SC Guidelines On Digital Assets

Retirement planning advise from the experts

Retirement Planning: Best Practices and Advice From Experts

CGTN: Peng Liyuan and Brazil’s first lady visit NCPA in Beijing, vow to deepen cultural exchange

14/05/2025

數碼港舉辦「人工智能 x 網絡安全論壇」

14/05/2025

Cyberport Hosts “AI x Cybersecurity Forum”

14/05/2025

ฝึกฝนกับทุกลมหายใจ: นวัตกรรมการบำบัดด้วยการหายใจเพื่อสุขภาพหัวใจ สมอง และการชะลอวัย

14/05/2025

CGTN: Peng Liyuan and Brazil’s first lady visit NCPA in Beijing, vow to deepen cultural exchange

21 hours ago

數碼港舉辦「人工智能 x 網絡安全論壇」

1 day ago

Cyberport Hosts “AI x Cybersecurity Forum”

1 day ago

ฝึกฝนกับทุกลมหายใจ: นวัตกรรมการบำบัดด้วยการหายใจเพื่อสุขภาพหัวใจ สมอง และการชะลอวัย

1 day ago
The Smart Investor

© 2024 The SmartInvestor Malaysia | The contents on this website are for educational purposes only. You should always seek your own professional advice from the appropriate financial advisor or institution.

Category

  • About
  • Subscribe
  • Write For Us
  • Payment Policy
  • Shipping Policy
  • Privacy Policy
  • Contact Us

Sign up to read our newsletter

  • About
  • Contact Us
  • Home
  • Home (Bahasa Malayu)
  • Newsletter
  • Payment Policy
  • Privacy Policy
  • Shipping Policy
  • Subscribe
  • Write For Us

© 2024 The SmartInvestor Malaysia | The contents on this website are for educational purposes only. You should always seek your own professional advice from the appropriate financial advisor or institution.

No Result
View All Result
  • Start Here
    • Guides
    • How-Tos
    • Analysis
  • Investments
    • Asset Management
    • Stocks
    • Islamic Finance
      • Islamic Personal Finance
    • Alternative Investments
  • Personal Finance
    • Cash Management
    • Grow Your Wealth
    • Protect Your Wealth
    • Distribute Your Wealth
    • Behavioural Finance
  • Enterprise
    • Startups
    • Entrepreneurs
    • SMEs
    • Leadership
    • Business Planning
    • Fintech
  • Property
    • First Time Home Buyers
    • Central
    • Northern
    • Southern
    • Sabah & Sarawak
    • Feature
    • Regional / Global
  • ESG
  • News & Events
  • What’s News Asia

© 2024 The SmartInvestor Malaysia | The contents on this website are for educational purposes only. You should always seek your own professional advice from the appropriate financial advisor or institution.