FSM Managed Portfolio Aggressive

August 2022
All data as of 31 July 2022

Introduction Information
Launch Date 26-May-17 Initial Investment RM 10,000.00
Value as of 31 July 2022 RM 12,360.77
Objective This portfolio aims to achieve above average capital appreciation over long term. Total Profit / Loss RM 2,360.77
Total Return 23.6%
Suitable For This portfolio is suitable for aggressive investors that aim for capital appreciation over the long term, and are able to handle Annualised Return 4.2%
higher risk and can bear temporary market setbacks.
Annualised Volatility 12.7%

Portfolio Performance Performance Chart and Asset Allocation

Cumulative Returns 2021 2020 2019 2018 YTD 1M 6M 1Y 3Y* Since Inception 144
Portfolio 7.1% 18.1% 18.0% -11.3% -13.4% 3.3% -7.9% -13.5% 15.8% 23.6%
134
Benchmark* 8.0% 8.0% 8.0% 8.0% 4.6% 0.6% 3.9% 8.0% 26.0% 48.8%
124
Source: Bloomberg, iFAST compilations. Data as of 31 July 2022. Returns in MYR terms inclusive of any income or distribution reinvested.
*Target return is 8% per annum 114

Portfolio Holdings 104

Bond Fund Weight (%) 1M 6M 1Y 3Y# YTD 3Y Volatility 94

Sep-17
Jan-18

Sep-18
Jan-19

Sep-19

Sep-20

Sep-21
Jan-22
Jan-20

Jan-21
May-17
Jul-17
Nov-17

May-18
Jul-18
Nov-18

May-19
Jul-19
Nov-19

May-20
Jul-20
Nov-20

May-21
Jul-21

May-22
Jul-22
Mar-18

Mar-19

Mar-20

Mar-21

Nov-21
Mar-22
AmIncome Plus 4.8% 0.4% 0.5% 1.1% 2.6% 0.7% 1.3%
Eastspring Investments Bond Fund 4.9% 2.0% 0.1% 0.0% 1.6% 0.0% 4.6%
Equity Fund Weight (%) 1M 6M 1Y 3Y# YTD 3Y Volatility
Franklin U.S. Opportunities - MYR 12.5% 11.9% -16.3% -25.0% 7.5% -26.4% 23.2%
RHB European Select Fund 14.5% 14.6% -3.1% -9.6% 8.5% -12.9% 18.0% 90.0%
United Japan Discovery Fund - MYR Hedged 4.3% 4.6% 3.5% -1.8% 3.9% -5.0% 17.0% Target
10.0%
Principal Asia Pacific Dynamic Income Fund - MYR 14.6% -0.2% -6.8% -12.4% 5.5% -9.8% 14.2%
Manulife ASEAN Equity Fund - MYR Hedged 6.4% 2.1% -9.3% -4.4% - -10.0% -
Eastspring Investments Global Emerging Markets Fund 9.3% 0.2% -15.3% -22.9% 1.0% -16.5% 16.1%
AmChina A-Shares - MYR 9.5% -4.4% -10.6% -17.8% 16.0% -18.2% 18.7% 90.2%
Current
KAF Tactical Fund 2.9% 0.0% -10.8% -9.9% 16.9% -14.5% 20.7%
9.8%
Maybank Malaysia SmallCap Fund 1.3% 4.4% -11.7% -18.4% 9.6% -17.6% 28.6%
Principal Global Technology Fund - MYR Hedged 4.3% 14.0% -21.9% -27.8% 11.3% -32.0% 24.7%
Hong Kong Tech Index Fund - MYR 6.1% -8.2% -8.6% - - -12.0% - 0% 20% 40% 60% 80% 100%

Affin Hwang World Series - Global Healthscience Fund - MYR 4.5% 3.4% 6.7% -0.1% 11.9% -1.5% 12.7% Equity Portfolio Bond Portfolio
Source: Bloomberg, iFAST compilations. Data as of 31 July 2022. Returns in MYR terms inclusive of any income or distribution reinvested.
#Annualised

Commentary Intra Asset Allocation

Current Target

Portfolio Bonds 9.8% 10.0%

• Holding a neutral position in equity versus bond given the already high exposure into the equity market.
Bonds-Malaysia 9.8% 10.0%
Equities 90.2% 90.0%
• RHB European Select Fund was the best performing fund in the portfolio, surging 14.6%.
Equities-Malaysia 4.3% 4.3%
Equities-Foreign 81.5% 81.2%
• Hong Kong Tech Index Fund - MYR was the worst performing fund in the portfolio, delivering -8.2%.
Equities-US 12.5% 12.0%

Equities-EU 14.5% 12.8%

Portfolio Adjustments Equities-Japan 4.3% 4.3%

Equities-China 9.5% 10.4%

We increased China and China Technology sector's equity overweight by 1.7% and 0.8% respectively due to 20.9% 21.4%
Equities-Asia ex-Japan
• supportive policies from the Chinese government while most of the market's negativity is likely to be priced-in
Actions suggesting a lower downside from current levels. Equities-Emerging Markets 9.3% 9.4%

We decreased Europe by 2.0% in the equity portfolio as we see increasing inflation in the region coupled with Equities-Technology 10.4% 10.9%
•
overly optimistic forecasted earnings. 4.5% 4.5%
Supplementary Equities-Global Healthcare

We decreased the emerging market's weightage by 0.5% to reduce the portfolio's effective China exposure given *weightage might not add up due to rounding
•
the country's significance in the emerging market index.

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