Quarter 4 2024 Market Outlook

20 min I Date: 14 November 2024

In Q3 2024, markets were highly volatile. Equity markets initially surged due to investor interest in AI, but a Japanese rate hike, weak U.S. employment data, and geopolitical tensions triggered a sudden sell-off, particularly among Yen carry-trade assets. Emerging markets rebounded, with ASEAN standing out due to its stable economy, high consumption, and political reforms. Fixed income saw gains as investors priced in potential U.S. rate cuts, especially in emerging markets where currency strength added performance. Looking ahead, diversification and a focus on quality growth are advised to manage ongoing volatility.

The performance of equities and fixed income.
Economic outlook.
Opportunities in the ASEAN and Malaysian market.
Advice on asset allocation.

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Disclaimer: The content in this video is intended for your general information only and must not be construed as an offer or a recommendation to invest in our Funds and neither does it take into account any investor's particular circumstances. The information contained herein has been derived from sources believed to be reliable and is current as at the date of publication. No representation or warranty is made nor is there acceptance of any responsibility or liability made as to the accuracy, completeness or correctness of the information contained herein. Expressions of opinion contained herein are subject to change without notice. Persons wishing to rely upon this information should consult directly with the source of information or obtain professional advice. Investors should conduct their own due diligence on any financial product and consult an authorised financial adviser if they do not understand the content of this video. This video may not be reproduced, distributed or published by any recipient for any other purposes. The Securities Commission Malaysia does not review advertisements produced by Principal.

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