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Maybank asset management launches asia rising stars fund
Last update: 19/10/2018

KUALA LUMPUR, Oct 18 (Bernama)  -- Maybank Asset Management Group Bhd (MAMG) and BNY Mellon Investment Management have jointly launched the MAMG Asia Rising Stars Fund, the first fund for retail investors seeking to maximise investment returns in Asian small capitalised (small cap) equities. 

The new fund is a feeder fund that aims to maximise investment returns by investing in the BNY Mellon Asia Rising Stars Fund that was launched in January 2017. 

Focused on companies with a market capitalisation below US$5 billion, the fund seeks to provide capital growth by investing in Asian small cap companies that are listed on recognised exchanges in Asia, including Japan.

MAMG Chief Executive Officer Badrul Hisyam Abu Bakar said the group remained positive on the outlook for small-cap stocks in Asia as the region benefited from robust growth rates in many countries led by good demographic and economic reforms in Asia, excluding Japan, as well as, structural reforms and a cyclical upturn in Japan. 

He added that small cap companies provided an appealing investment opportunity. 

“In the medium to long-term, we are looking at the distribution part of it. We will start in Malaysia and Singapore.

“Hopefully, as we gain traction, DNY Mellon will help us in terms of distribution of this fund in other parts of the market where they are strong such as in Japan and Europe,” Badrul Hisyam told reporters after the launch of the feeder fund here, today.   

 Meanwhile, BNY Mellon Investment Management Hong Kong Ltd Managing Director Doni Shamsuddin said the current asset under management under the fund stood at US$15 million.

The fund combined the investment management expertise of BNY Mellon Asset Management Japan Ltd and Maybank Asset Management Singapore Pte Ltd. 

BNY Mellon Japan managed the Japanese small cap equities portion while Maybank Asset Management Singapore managed the Asia, excluding, Japan small cap portion.  

Investors can access the fund at Maybank branches nationwide which is available in five currency classes, namely MYR-Class, SGD-Class, USD-Class, AUD-Class and EUR-Class. 

Investors can purchase units in the fund at a minimum initial investment of RM1,000, SG$1,000, US$1,000, AU$1,000 or €1,000 and make additional investments at a minimum of RM100, SG$100, US$100,  AU$100 or €100, respectively.

-- BERNAMA


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