 |
If you have spread your holdings across different funds, the damage would have
been minimized. For example, Mr. Lee who diversifies into income-oriented funds (eg.
bond funds), apart from his other growth funds will be better off than Encik Azmi
who invests all his money in growth funds.
What does the above imply? Investors should learn that diversification helps to manage
their risks more effectively. This is where proper asset allocation and financial
planning comes into the picture.
With the local stockmarket currently spiralling downwards, it will be interesting
to see how the leading and lagging performers of 1996 fare. Analyzing unit trust
performances on different market scenarios helps the decision-making process.
Remember that capability of a unit trust manager to perform well both during bull
and bear markets is what investors should be looking for. A good fund manager is
the one who not only performs well during a bullish market but minimize losses when
the market turns sour.
Table 1 and 2 show the looks at selected fund performances. Calculations are based
on bid-to-bid and include allowance for bonus issues and gross dividends. Readers
are reminded that past performance figures are not a guide to future performance.
Table 1. Performance Analysis for 1996's Leading Performers
|
|
Leading 10 Performers for 1996 |
Fund Types
|
Jan 1 - August 13 '97
(%)
|
1996
(%)
|
|
1.
|
AUT: Malaysia Progress |
Growth
|
-16.34
|
50.64
|
|
2.
|
Amanah Saham Sarawak |
Income
|
-5.12
|
39.77
|
|
3.
|
AUT: Malaysia Equity |
Growth
|
-23.29
|
37.70
|
|
4.
|
Amanah Saham Kedah |
Islamic
|
-23.72
|
33.55
|
|
5.
|
ASM TKMB Third |
Income
|
-19.80
|
33.00
|
|
6.
|
AUT: Malaysia Berjaya |
Growth
|
-29.84
|
32.84
|
|
7.
|
ASM TKMB Ninth |
Income
|
-26.60
|
32.42
|
|
8.
|
ASM TKMB Eleventh |
Income
|
-25.42
|
30.40
|
|
9.
|
Saham Amanah Sabah |
Income
|
21.78
|
28.87
|
|
10.
|
BHLB Pacific ECO Growth |
Growth
|
-12.26
|
28.41
|
| |
KLCI |
|
-27.5
|
24.40
|
Source: Normandy Research
Table 2. Performance Analysis for 1996's Lagging Performers
| |
Lagging 10 Performers
for 1996 |
Fund Types
|
Jan 1 - August 13 '97
(%)
|
1996
(%)
|
|
1.
|
Amanah Saham BSN |
Income
|
-30.05
|
5.45
|
|
2.
|
MBf First |
Income
|
-11.95
|
6.81
|
|
3.
|
MBf Growth |
Income
|
-16.30
|
6.92
|
|
4.
|
PJB: Dana Johor |
Income
|
-16.59
|
6.98
|
|
5.
|
Mayban Balanced Trust |
Income
|
-5.10
|
10.41
|
|
6.
|
Amanah Saham PAB |
Income
|
-21.55
|
11.03
|
|
7.
|
PTB: Amanah Saham Iman |
Islamic
|
-9.00
|
11.88
|
|
8.
|
Mayban Unit Trust |
Income
|
-17.60
|
12.18
|
|
9.
|
KL Growth |
Growth
|
-14.56
|
12.58
|
|
10.
|
BBMB Unit Trust |
Income
|
-21.86
|
12.83
|
| |
KLCI |
|
-27.52
|
24.40
|
Source: Normandy Research
|
