3 min read I Date: 7 February 2024
Remain Optimistic for 2024: Market Outlook and Investment Opportunities
The general economic outlook in 2023 was a roller coaster ride, and as we embrace 2024, we are expecting investors to continue to trade cautiously due to several ongoing economic factors:
- Continuous geopolitical uncertainties
- China recovery slowdown
- Changes to monetary policies
- Potential interest rate cuts
Despite these challenges, there are also emerging investment opportunities which you could consider for year 2024. Based on our house views, investors could potentially focus on the following strategies:
to stay resilient against market volatility. These assets can ensure that you enjoy regular income distributions from your investments.
particularly in Asia, ASEAN, China, and Malaysia (suitable for investors with a long-term horizon).
that could benefit from generative AI technology growth.
How to successfully implement DCA strategy?
Here are some Principal funds you could consider investing via Touch ‘n Go eWallet’s GOinvest for Year 2024
- Principal Islamic Money Market Fund
- Principal Islamic Global Selection Moderate Conservative Fund
- Principal Islamic Lifetime Enhanced Sukuk Fund
- Principal Islamic Global Selection Moderate Fund
- Principal Islamic Global Selection Aggressive Fund
- Principal Asia Pacific Dynamic Mixed (Top holdings Samsung Electronics Co Ltd and Taiwan Semiconductor Manufacturing)
- Principal Asia Pacific Dynamic Income Fund (Higher asset allocation in equity market with top holdings such as Samsung Electronics Co Ltd, Taiwan Semiconductor Manufacturing and Tencent Holdings Ltd)
- Principal DALI Global Equity Fund
It is good to have a mid and long-term investment strategy in placed and as economic situation may change over time, we recommend our investors to review and rebalanced your financial goals and investments, once every 6 months.
What to do next?
Investing can be an essential step toward securing financial freedom, and you have the advantage of time to harness the power of compounding. Explore more about investing with Principal via Touch ‘n Go eWallet’s GOinvest here: https://www.principal.com.my/en/invest-via-goinvest
Disclaimer: You are advised to read and understand the relevant Prospectus, Information Memorandum and/or Disclosure Document including any supplemental thereof and the Product Highlight Sheet (if any) before Investing. Among others, you should consider the fees and charges involved. The registration of the relevant Prospectus, Information Memorandum and/or Disclosure Document including any supplemental thereof and the Product Highlight Sheet (if any) with the Securities Commission Malaysia (SC) does not amount to nor indicate that the SC recommends or endorses the funds. A copy of the relevant Prospectus, Information Memorandum and/or Disclosure Document including any supplemental thereof and the Product Highlight Sheet (if any) may be obtained at our offices, distributors or our website at www.principal.com.my. The issuance of any units to which the relevant Prospectus, Information Memorandum and/or Disclosure Document relates will only be made on receipt of an application referred to in and accompanying a copy of the relevant Prospectus, Information Memorandum and/or Disclosure Document. Please be advised that investment in the relevant unit trust funds, wholesale funds and/ or private retirement scheme carry risk. An outline of the various risk involved are described in the relevant Prospectus, Information Memorandum and/or Disclosure Document. As an investor you should make your own risk assessment and seek professional advice, where necessary. Securities Commission Malaysia does not review advertisements produced by Principal.