Never Fully Invest At All Times
We strongly believe that strategic asset allocation that takes advantage of major market trends, supported by good stock picks are key to superior out-performance without taking on unduly high risks.
Our Investment Philosophy of “Never Fully Invest at All Times”, innovated by our Founder/Executive Chairman/Chief Strategist, Dr. Tan Chong Koay (whom has been in the fund management industry for more than 45 years), has successfully weathered through major crises and navigate through the volatile Asian/ASEAN market, and substantially increased the wealth of clients in the long run.
Pheim Malaysia strongly believes that strategic asset allocation that takes advantage of major market trends, supported by good stock picks are key to superior out-performance without taking on unduly high risks. We adopt a predominantly value approach to investment. We seek out stocks that are cheap relative to their underlying value, in the expectation that their share prices will rise at some point to more accurately reflect their true worth.
Generally, we seek companies that have focused management, enjoy high margins and earnings growth, and low debt equity gearing, and whose shares trade at low price-earnings ratio and/or low price-to-book ratio. At times we may apply a combination of value and growth strategies, or putting greater focus on growth stocks to take advantage of market and business cycles.
As Asian markets tend to display greater cyclicality and price volatility, we believe that an active asset allocation strategy can add value to our investors. Thus, we do not believe in being fully invested at all times. Rather, we seek to trim our equity exposure near market peaks in order to preserve capital, and to be fully invested near market troughs.
Over the past 28 years, Pheim Malaysia has established consistent and outstanding long-term track record, and our funds have been receiving numerous Refinitiv Lipper Fund Awards (Malaysia and Global), Best of the Best Awards from Asia Asset Management and other awards from some international rating agencies.
Famous Quotes from Our Founder Dr. Tan Chong Koay
Growth strategy does not outperform the value strategy all the times. Growth companies and value companies do not have the same business cycle
Dr. Tan Chong KoayFounder & Chief Strategist
It is not advisable to put short term funds in equities when the market is too high. The correction may force you to sell at a loss
Dr. Tan Chong KoayFounder & Chief Strategist
Predicting the exact timing of a market crash is not easy but guessing near the time of crash is possible and acting accordingly will benefit the investor enormously
Dr. Tan Chong KoayFounder & Chief Strategist
Equities will generally outperform fixed deposits in the long run especially during low interest rate periods
Dr. Tan Chong KoayFounder & Chief Strategist
A contrarian near the peak or the bottom of a cycle will enjoy better returns and is likely to outperform his peers
Dr. Tan Chong KoayFounder & Chief Strategist
Investors must adapt to changes in demand and supply. History does not always repeat
Dr. Tan Chong KoayFounder & Chief Strategist
ESG companies may not be able to outperform at all times but will benefit the world in the long run
Dr. Tan Chong KoayFounder & Chief Strategist
One of the best and simple defensive strategies in equity investing is to raise cash when the market or share prices are too high
Dr. Tan Chong KoayFounder & Chief Strategist
Falling in love with a stock near its peak is not wisdom. Failing to buy a stock that has corrected sharply but that possesses a good management team and which is expected to continue growing is to miss an excellent buying opportunity
Dr. Tan Chong KoayFounder & Chief Strategist
Never cultivate expensive habits. You are likely to have lesser money to invest when the bad time comes
Dr. Tan Chong KoayFounder & Chief Strategist
It is not wise to borrow money to invest in equities when the market is at record high even though interest rate is at extreme low
Dr. Tan Chong KoayFounder & Chief Strategist
Crisis creates problems but also provides opportunities that are hard to come by in normal time