Overview

Overall, our factor portfolios, the Large Cap Combined, Small Cap Combined, Whole Universe Combined which are the combination of Quality and Momentum factors outperformed the FBMKLCI Index during the period of 1Q24.

In March, the strongest performance among portfolios was seen in the Small Cap Combined portfolio, where it outperformed by 9.6%. The weakest performance among portfolios was in Whole Universe portfolio, and it still outperforming the FBMKLCI with an excess return of 3.6%.

February & March 2024 Simulation Portfolio Performance

Figure 1 below illustrates the performance of various portfolios in our universe for the last two months. All portfolios outperformed our benchmark FBMKLCI for period in the last two months except for the Small Cap portfolio with underperformance of -1.14% in Feb-24.

Source: Mplus Research - 8 Apr 2024