RIA: Portfolio Performance Review – Oct 2024

In October, ASN Equity Global showed strong growth (+4.13%), while ASN Equity Malaysia and ASN Sukuk saw slight declines.

Year-to-date, ASN Equity Malaysia has performed exceptionally well (+29.69%), while ASN Equity Global and ASN Sukuk have shown moderate gains. Since Ria launched, ASN Equity Malaysia has led with 17.36% growth.

For Ria, returns improved for higher risk portfolios last month. Very Aggressive portfolios yielded the highest month-on-month return (+2.09%), while Very Conservative portfolios saw a minor decline (-0.27%) in the same period.

Year-to-date, returns range from +3.71% for Very Conservative to +18.30% for Very Aggressive portfolios. Since Ria launched, returns for each risk profile are positive, with Aggressive portfolios outperforming others.

Market Commentary – October 2024

Global stock markets had mixed results in October due to inflation, rising interest rates, and geopolitical uncertainties. In the U.S., the S&P 500 fell 0.9%, with tech stocks particularly volatile.

Europe saw a 3.2% decline, mainly due to economic struggles in Germany, while Japan’s TOPIX rose 1.9% thanks to corporate reforms and positive investor sentiment.

Emerging markets and Asian stocks dropped 4.0%-4.5%, affected by a stronger U.S. dollar and weaker corporate earnings, especially in India.

Despite short-term ups and downs, global markets have shown positive growth this year, as fears of recession ease and optimism about economic recovery grows.

The Malaysian stock market has outperformed its regional peers this year, driven by growth in domestic sectors like consumer goods, finance, and industry, boosted by government spending and local demand.

However, recent months saw a slight decline as investors became cautious about the economic outlook, potential government policy changes, and slower global demand affecting exports.

Over the medium term, Malaysia’s market may stabilize with ongoing recovery and steady commodity prices, though factors like trade relations and currency changes could add some volatility.

Malaysian Sukuk has shown steady growth this year, supported by low default rates and strong demand from local and international investors, highlighting Malaysia’s strength in Islamic finance.

Sukuk stability is expected to continue, underpinned by a solid regulatory framework, though higher global interest rates could make fixed-income securities, like Sukuk, less attractive.

RIA Reminder – Towards Investment Goals via Recurring Investment

Automate your recurring investments with Auto Labur, a feature that helps you invest a fixed amount at regular intervals such as weekly or monthly, helping reduce risk and smooth out market fluctuations over time.

This “set and forget” approach eliminates the stress of market timing, allowing you to focus on consistent, long-term growth for your investments.

With automatic investing, you benefit from dollar-cost averaging, buying more shares when prices are low and fewer when they are high — ultimately helping you build wealth steadily and confidently.