Summary

As of June 28th, the Large Cap (+0.50%), Small Cap (+7.26%), and Whole Universe (+4.50%) simulation stock picks, where the stocks were picked based on high quality and momentum scores have outperformed the FBMKLCI, FBM Small Cap, and FBM ACE, which only registered - 0.41%, 3.64%, and 7.12%, respectively in June 2024.

Factor Focus Strategy and Performance

Our strategy integrates quality and momentum factors. Quality and momentum scores are computed, with securities in the Leap Market being excluded from the calculation. The momentum score is derived from the price change over 6 and 12 months, while the quality scores result from a combination of financial ratios that exhibit a robust correlation with the forward return of securities.

Source: Mplus Research - 1 Jul 2024