Market Review August 2024
Risk assets performance was mixed in July 2024. The Far East ex-Japan index underperformed vis-a-vis the developed markets. The MSCI Far East ex-Japan Index declined 1.84%, while the MSCI World Index gained 1.70%. Among the Far East ex-Japan markets, ASEAN equities performed well with a return of
SCAM ALERT – July 2024
Pheim Asset Management Sdn Bhd, Pheim Islamic Asset Management Sdn Bhd and Pheim Unit Trusts Berhad (collectively known as “Pheim”) have been made aware on 3 July 2024 of a suspected scam, actively viral through several social media platforms, including but not limited to Facebook, impersonating as
Market Review July 2024
Risk assets continued to advance in selective markets in June 2024, principally those benefiting from the semi-conductor upcycle and AI theme. The Far East ex-Japan index outperformed the developed markets. The MSCI Far East ex-Japan Index gained 3.06%, while the MSCI World Index gained 1.93%. Among the
Market Review June 2024
Globally, risk assets advanced in May 2024. The Far East ex-Japan index, however, underperformed compared to the developed markets. The MSCI Far East ex-Japan Index increased by 1.48%, whereas the MSCI World Index rose by 4.23%. Within the Far East ex-Japan markets, Taiwan and Hong Kong shares