FSM Islamic Managed Portfolio Conservative
March 2021
All data as of 28 February 2021
Introduction Information
Launch Date 15-Mar-19 Initial Investment RM 10,000.00
Value as of 28 February 2021 RM 11,525.88
Objective This portfolio aims to achieve capital preservation and provide an opportunity for capital appreciation. Total Profit / Loss 1525.88
Total Return 15.3%
Suitable For This portfolio is suitable for investors that seek for stable and steady returns over the short to medium term. Annualised Return 7.4%
Portfolio Performance Performance Chart and Asset Allocation
2020 2019^ YTD 1M 6M 1Y 3Y* Since Inception
118
Portfolio 8.4% 6.4% 0.0% -0.7% 1.3% 6.6% - 15.3%
Benchmark* 4.0% 3.7% 0.7% 0.3% 2.0% 4.0% - 7.8% 113
Source: Bloomberg, iFAST compilations. Data as of 28 February 2021. Returns in MYR terms inclusive of any income or distribution reinvested.
108
*4% per annum is the absolute target return. ^Since inception on 15 Mar 2019.
103
Portfolio Holdings
98
Bond Fund Weight (%) 1M 6M 1Y 3Y# YTD 3Y Volatility
Kenanga ASnitaBOND Fund 18.1% -0.4% 0.4% 2.8% 5.6% -0.1% 2.7% 93
Sep-19
Jan-20
Sep-20
Jan-21
Jul-19
Jul-20
Nov-19
Nov-20
May-19
May-20
Mar-19
Mar-20
Maybank Malaysia Sukuk Fund 18.0% -0.9% -0.4% 2.3% 6.3% -0.6% 3.7%
AmanahRaya Syariah Trust Fund 18.2% -0.2% 1.8% 6.5% 8.1% 0.2% 2.8%
Affin Hwang Aiiman Income Plus Fund 15.5% -1.5% -2.0% -0.3% 5.1% -1.5% 4.3%
AmBon Islam 18.0% -1.4% -1.5% 0.4% 5.7% -1.1% 4.6%
12.5%
Equity Fund Weight (%) 1M 6M 1Y 3Y# YTD 3Y Volatility Target
87.5%
Aberdeen Standard Islamic World Equity Fund - Class A 4.4% -0.5% 5.1% 22.9% 10.2% -1.4% 13.5%
PMB Shariah Premier Fund 0.5% 0.8% 0.5% 32.3% 5.6% 7.7% 19.0%
Eastspring Investments Dinasti Equity Fund 1.4% -0.5% 14.6% 49.2% 14.3% 6.2% 17.1%
12.2%
Principal Islamic Asia Pacific Dynamic Equity Fund - MYR 4.9% 1.0% 20.6% 45.3% 11.6% 4.9% 16.4% Current
87.8%
RHB I-Global Sustainable Disruptors - MYR Hedged 1.0% 0.0% - - - - -
Source: Bloomberg, iFAST compilations. Data as of 28 February 2021. Returns in MYR terms inclusive of any income or distribution reinvested.
0% 20% 40% 60% 80% 100%
#Annualised
Equity Portfolio Bond Portfolio
Commentary Intra-Asset Allocation
Holding an overweight position in equities, given our expectations of strong earnings forecasts. Remain
Target underweight
Current
Portfolio Holding an overweight position in equities given the coordinated stimulus measures implemented by Bonds 87.5% 87.8%
• global central banks and governments to support economic recovery. Remain underweight in fixed income
due to the low interest rate outlook. Bonds-Malaysia 87.5% 87.8%
Principal Islamic Asia Pacific Dynamic Equity Fund - MYR was the best performing fund in the portfolio, Equities 12.5% 12.2%
•
surging 1.0%. Equities-Malaysia 0.5% 0.5%
Equities-Foreign 12.0% 11.7%
• Affin Hwang Aiiman Income Plus Fund was the worst performing fund in the portfolio, delivering -1.5%.
Equities-Global 4.5% 4.4%
Equities-China 1.5% 1.4%
Equities-Technology 1.0% 1.0%
Equities-Asia ex-Japan 5.0% 4.9%
Portfolio Adjustments *weightage might not add up due to rounding
Actions The portfolio added Technology as a core holding in February via RHB I-Global Sustainable Disruptors -
•
MYR Hedged. Technology is one of the fastest growing sector globally with attractive long-term growth.
The portfolio also replaced Principal DALI Global Equity Fund with RHB Islamic Global Developed Market
•
Fund.
This article is not to be construed as an offer or solicitation for the subscription, purchase or sale of any fund. No investment decision should be taken without first viewing a fund's prospectus and if necessary, consulting with financial or other professional advisers. Any advice herein is made on a general basis and does not take into
account the specific investment objectives of the specific person or group of persons. Amongst others, investors should consider the fees and charges involved. The relevant prospectuses have been registered with the Securities Commission. Past performance and any forecast is not necessarily indicative of the future or likely performance
of the fund. The value of units and the income from them may fall as well as rise. Where a unit split/distribution is declared, investors are advised that following the issue of additional units/distribution, the NAV per unit will be reduced from pre-unit split NAV/cum-distribution NAV to post-unit split NAV/ex-distribution NAV. Where a unit split is
declared, investors should be highlighted of the fact that the value of their investment will remain unchanged after the distribution of the additional units. All applications for unit trusts must be made on the application form accompanying the prospectus. The prospectuses can be obtained from Fundsupermart.com. Opinions expressed herein
are subject to change without notice. Please read our disclaimer in the website.
