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FundMarket
May 18, 2012 |
Eric Wong
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Malaysia Fund Market Summary (April 2012)
• Funds registered for sale in Malaysia fell 0.31% on average for April–their first month of reporting a negative return since November 2011–mainly attributed to equity funds and mixed-asset funds, which fell 0.60% and 0.18%, respectively. Bond funds gained 0.02% for the month.
• According to the Fibonacci ratio, their latest correction suggests limited downside losses for the period ahead. However, unless a miracle occurs—Greeks coming to their senses and not electing an anti-bailout political party into public office, which will very likely lead to the bankruptcy of Greece—or the European Union succeeds in convincing global financial markets that the European sovereign debt contagion will be contained within Greece, the turbulence that is currently unleashing in the global financial markets may not end, even after the general election in Greece next month.
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FundMarket
May 18, 2012 |
Eric Wong
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Singapore Fund Market Summary (April 2012)
• Funds authorized for sale in Singapore declined 1.91% on average for April, attributable mainly to commodity funds and equity funds, which fell 2.93% and 2.36% on average, respectively. Bond funds and mixed-asset funds declined 0.83% and 1.28% on average for the month.
• According to the Fibonacci ratio, their latest correction suggests limited downside losses for the period ahead. However, unless a miracle occurs—Greeks coming to their senses and not electing an anti-bailout political party into public office, which will very likely lead to the bankruptcy of Greece—or the European Union succeeds in convincing global financial markets that the European sovereign debt contagion will be contained within Greece, the turbulence that is currently unleashing in the global financial markets may not end, even after the general election in Greece next month.
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FundMarket
May 18, 2012 |
Eric Wong
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Hong Kong MPF Market Summary (April 2012)
• 香港強積金4月平均上升0.25%，主要歸因於債券強積金和股票強積金，兩個類別在4月各自平均上升0.69%和0.27%。混合型債券強積金也上升0.15%。
• 根據費波納奇比率，股指最近的修正反映出它們未來的下跌空間有限。不過，除非有奇跡發生 － 比如說， 希臘選民回歸理智，不選出一個可能導致該國破產的反財政緊縮的政黨入主政府，或歐盟成功令全球金融市場相信歐洲主權債務危機將被控制在希臘一國範圍內 － 那麼目前衝擊全球金融市場的動盪就將不會終結，即便是希臘第二次大選揭曉後也難以恢復平靜。
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FundMarket
May 18, 2012 |
Eric Wong
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Hong Kong MPF Market Summary (April 2012)
• Hong Kong MPFs gained 0.25% on average for April, attributed mainly to the bond MPFs and equity MPFs, which increased 0.69% and 0.27% on average, respectively. Mixed-asset MPFs gained 0.15% for the month.
• According to the Fibonacci ratio, their latest correction suggests limited downside losses for the period ahead. However, unless a miracle occurs—Greeks coming to their senses and not electing an anti-bailout political party into public office, which will very likely lead to the bankruptcy of Greece—or the European Union succeeds in convincing global financial markets that the European sovereign debt contagion will be contained within Greece, the turbulence that is currently unleashing in the global financial markets may not end, even after the general election in Greece next month.
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FundMarket
May 18, 2012 |
Eric Wong
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Hong Kong Fund Market Summary (April 2012)
• 香港認可買賣基金4月平均下跌0.37%，主要歸因於股票基金和混合型基金，兩個類別在4月各自平均下跌0.66%和0.13%。債券基金平均上升0.38%。
• 根據費波納奇比率，股指最近的修正反映出它們未來的下跌空間有限。不過，除非有奇跡發生 － 比如說， 希臘選民回歸理智，不選出一個可能導致該國破產的反財政緊縮的政黨入主政府，或歐盟成功令全球金融市場相信歐洲主權債務危機將被控制在希臘一國範圍內 － 那麼目前衝擊全球金融市場的動盪就將不會終結，即便是希臘第二次大選揭曉後也難以恢復平靜。
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FundMarket
May 18, 2012 |
Matthew Lemieux, Eric Wong
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Hong Kong Fund Market Summary (April 2012)
• Funds authorized for sale in Hong Kong declined 0.37% on average for April, attributable mainly to equity funds and mixed-asset funds, which fell 0.66% and 0.13%, respectively. Bond funds gained 0.38% on average for the month.
• According to the Fibonacci ratio, their latest correction suggests limited downside losses for the period ahead. However, unless a miracle occurs—Greeks coming to their senses and not electing an anti-bailout political party into public office, which will very likely lead to the bankruptcy of Greece—or the European Union succeeds in convincing global financial markets that the European sovereign debt contagion will be contained within Greece, the turbulence that is currently unleashing in the global financial markets may not end, even after the general election in Greece next month.
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FundMarket
May 03, 2012 |
Tom Roseen
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The Month in Closed-End Funds: April 2012
• For the first month in five equity closed-end funds (CEFs) posted returns in the red for April, losing just 0.03% and 0.25% on NAV and market bases, respectively. Fixed income funds were in the black--for the fourth month in five--gaining 1.43% and 2.15%.
• For the month all of Lipper's municipal debt fund (+1.68% on average), taxable bond fund (+1.09%), and world bond fund (+0.87%) classifications posted positive returns.
• For the tenth month in eleven all of the municipal debt CEF classifications posted positive NAV-based returns. California Municipal Debt Funds (+1.99%) rose to the top of the muni class.
• While some dividend payers and energy plays got attention during the month, mixed-equity funds (+0.23%) and domestic equity funds (+0.09%) just managed to stay on the plus side.
• The April median discount of all CEFs narrowed 58 basis points (bps) to 1.84%, remaining below the 12-month moving average of 3.36% for the sixth consecutive month.
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FundMarket
Apr 16, 2012 |
Eric Wong
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Singapore Fund Market Summary (March 2012)
• Funds authorized for sale in Singapore declined 0.07% on average for March, attributable mainly to commodity funds and equity funds falling 3.05% and 0.13% on average, respectively. Bond funds and mixed-asset funds gained 0.30% and 0.07% on average for the month.
• The current secondary correction of the global equity markets began in late March/early April 2012. Many global equity market benchmark indices have now lost at least 33% of the gains they made in the secondary uptrend that began in mid-December 2011. Such findings add optimism that the prevailing weakness of the global equity markets may disappear toward the end of 2Q2012.
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FundMarket
Apr 16, 2012 |
Eric Wong
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Malaysia Fund Market Summary (March 2012)
• Funds registered for sale in Malaysia gained 0.01% on average for March, attributable mainly to bond funds and mixed-asset funds climbing 0.07% and 0.08%, respectively. However, equity funds declined 0.08% for the month.
• The current secondary correction of the global equity markets began in late March/early April 2012. Many global equity market benchmark indices have now lost at least 33% of the gains they made in the secondary uptrend that began in mid-December 2011. Such findings add optimism that the prevailing weakness of the global equity markets may disappear toward the end of 2Q2012.
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FundMarket
Apr 16, 2012 |
Eric Wong
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Hong Kong Fund Market Summary (March 2012)
• 香港認可買賣基金3月平均下跌0.89%，主要歸因於股票基金和混合型基金，兩個類別在3月各自平均下跌1.13%和0.70%。債券基金也下滑0.26%。
• 全球股市目前正處在起始於2012年3月末/4月初的次級修正走勢階段。全球許多股市的指標股指如今都已經跌去它們在始自2011年12月中旬的次級升勢中所錄得的至少33%漲幅。這些個數據提升了全球股市目前所經歷的疲勢會在2012年第二季末時終結的可能性。
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