Affin Hwang AM launched new fund with access into global investment opportunities

23 November 2015

Ms. Chong Chyi Ming (Marketing & Communications)
+603 2027 5800 | chyiming.chong@affinhwangam.com

KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or the “Company”) launched Affin Hwang Global Equity Fund (“GEF” or the “Fund”) today. The Fund is a wholesale equity feeder fund which seeks to achieve capital appreciation over medium to long-term period by investing in collective investment scheme, namely Nikko AM Shenton Global Opportunities Fund (“the Target Fund”), a Singapore-domiciled fund of Nikko Asset Management Asia Limited. The Fund will invest minimum 70% of the Fund’s NAV in the Target Fund and maximum 30% of the Fund’s NAV in money market instruments, fixed deposits and/or liquid assets. The Target Fund primarily invests in equities of developed and emerging markets.

The Target Fund is an open-ended stand-alone unit trust established under the laws of Singapore. The Target Fund Manager, Nikko Asset Management Asia Limited, a company domiciled in the Republic of Singapore, is licensed and regulated by the Monetary Authority of Singapore. The Target Fund Manager has managed collective investment schemes or discretionary funds in Singapore since 1982. The Target Fund Manager has appointed Nikko Asset Management Europe Ltd (“NAM Europe”), a company domiciled in the United Kingdom, as the sub-manager of the Target Fund. NAM Europe has been managing collective investment schemes or discretionary funds for approximately 30 years. NAM Europe is regulated by the Financial Conduct Authority of the United Kingdom.

Chan Ai Mei, Chief Marketing Officer of Affin Hwang AM said, “This Fund provides investors access to global investment opportunities through a portfolio of equities listed on global markets. GEF is built with a flexible asset allocation which allows the Fund to be fully invested into the Target Fund during normal market conditions or raise cash levels during adverse market conditions to protect investors’ capital for their peace of mind.”

As of 30 October 2015, the Target Fund achieved:

Year-to-date

1 Year

2 Year

Total Return

10.09%

13.88%

24.83%

Annnualised Return

12.24%

13.88%

11.73%

Source: Lipper as at 30 October 2015

Note: Past performance of the Target Fund is not indication of the future performance of the Fund. The Fund will invest minimum 70% of the Fund’s NAV in the Target Fund and maximum 30% of the Fund’s NAV in money market instruments, fixed deposits and/or liquid assets.


The Target Fund is managed based on a high conviction strategy which is centred around a disciplined team-based process to build portfolios of high conviction ideas across the globe. The Target Fund typically holds a concentrated portfolio of between 40 to 60 stocks, and is benchmark agnostic resulting in a high active share of 80%-95%. This strategy allows the portfolio to buy into high conviction ideas as opposed to investing based on styles in fashion. The global equity portfolio management team has an average industry experience of 19 years with all team members carrying out a dual role of portfolio manager and analyst, with a global sector approach. The team is based in Edinburgh, a proven centre of excellence for global equity fund managers.

GEF is a growth fund that seeks to achieve capital appreciation over medium to long-term period through investments in European equities. The Fund is suitable for seek capital growth from their investments, have a medium to long-term investment horizon, want exposure into global markets and are able to withstand more volatile market movements. The Fund is available in three (3) currency classes; SGD Class, MYR Class and USD Class. The offer period of GEF is not more than 21 days, starting 23 November 2015 until 11 December 2015.

Investors are advised to read and understand the contents of the Fund’s Product Highlights Sheet and Information Memorandum dated 23 November 2015 before investing. Visit www.affinhwangam.com for more information on the Fund.