Market Review December 2024
Risk assets' performance diverged significantly in November 2024, favouring the US markets, which gained on optimism about the economic growth outlook driven by potential expansionary policies from the incoming administration under President-elect Trump. Propelled by the US markets, the MSCI World Index increased by 4.47%. The Far
SARCOMA Cyber Security Incident
updated as of 18 November 2024 Dear Valued Investors, This notice serves as an update to our earlier communication on 22 October 2024 regarding the SARCOMA Cyber Security Incident. Pheim Unit Trusts Berhad (PUTB) experienced a cybersecurity breach that led to the unauthorised access and exposure of certain client data,
Market Review November 2024
Risk assets in major markets declined in October 2024, with concerns rising over potential inflation resurgence and a moderating growth outlook. Optimism for additional rate cuts similar on September’s was dampened. The Far East ex-Japan index underperformed against developed markets, with the MSCI Far East ex-Japan Index
SARCOMA Cyber Security Incident
updated as of 22 October 2024 Dear Valued Investors, Kindly be informed that Pheim Unit Trusts Berhad (PUTB) was among many companies around the world that has been affected by the global SARCOMA data-theft attack, first detected in October 2024. SARCOMA group has claimed 36 victims worldwide in October
Market Review October 2024
Risk assets in major markets gained in September 2024, driven by easing monetary policies. The Far East ex-Japan Index outperformed developed markets. Led by Chinese shares, the MSCI Far East ex-Japan Index gained 10.06%, while the MSCI World Index rose by 1.69%. Among Far East ex-Japan markets,