Summary

Despite the high US 10Y Treasury yield and elevated oil price environment, which dragged the local bourse's performance in September 2026, with the FBM KLCI and FBMSCAP recording losses of 4.3% and 1.0% respectively, our Large- and Small-cap portfolios outperformed the indices by recording a minimal loss of 1.3% and a gain of 13.7% respectively. Cumulatively, our Large-, Small-, and Combined portfolios managed to outperform the broader indices, recording 38.6%, 63.4%, and 51.7% in returns since inception.

Factor strategy and performance

Our strategy integrates quality and momentum factors. 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. Since the inception, most of the picks were able to deliver better results as compared to the average benchmark returns.

Added stocks: NATGATE, MNRB, KERJAYA, VLB, LAGENDA, EXSIMHB, ISF, LWSABAH, DUFU

Removed stocks: PMETAL, 99SMART, UTDPLT, WPRTS, KMLOONG, MSC, HIBISCS, INNO, KOBAY