KUALA LUMPUR: HwangDBS Investment Management Bhd launched its latest retail fund, the HwangDBS Select Dividend Fund, which is an equity fund which provides income and growth and invests in Malaysia and Asia-Pacific region.
It said on Thursday, March 31, this fund would offer investors stability, regular returns and consistent performance at moderate risk levels. Its strategy is to focus on stable and high-dividend yielding equities and identify 'the next dividend leaders' equities in Malaysia and Asia-Pacific region.
These are companies with solid fundamentals, strong corporate governance and balance sheets, factors that should present an exciting and sustainable growth story from an investor's perspective.
HwangDBS IM'' chief executive officer and executive director Teng Chee Wai said the Asian economies' recent performance showed they have decoupled from the West.
'These are economies that have remained resilient and are registering decent growth in a low growth and low interest rate environment. Against this backdrop, HwangDBS IM's focus for 2011 will be income driven. Basically it means that our core investment portfolio will be in high dividend yielding equities and equities that could potentially experience high dividend payout growth,' he said.
The minimum initial investment in the HwangDBS Select Dividend Fund is RM 1,000 and the minimum additional investment is RM100. It has an approved fund size of 400 million units retailing at 50 sen per unit during the initial offer period.
The fund aims to provide a combination of regular income and capital growth over the medium to long term period. To achieve the primary objective of providing regular income, the fund intends to invest in Malaysian equities with a minimum of'' 70% of the funds' net asset value and up to 30% of its net asset value in Asia-pacific region.
The fund will be made available through all HwangDBS IM sales offices and only two banks nationwide, namely Maybank Bhd and Alliance Bank Malaysia Bhd.
It said on Thursday, March 31, this fund would offer investors stability, regular returns and consistent performance at moderate risk levels. Its strategy is to focus on stable and high-dividend yielding equities and identify 'the next dividend leaders' equities in Malaysia and Asia-Pacific region.
These are companies with solid fundamentals, strong corporate governance and balance sheets, factors that should present an exciting and sustainable growth story from an investor's perspective.
HwangDBS IM'' chief executive officer and executive director Teng Chee Wai said the Asian economies' recent performance showed they have decoupled from the West.
'These are economies that have remained resilient and are registering decent growth in a low growth and low interest rate environment. Against this backdrop, HwangDBS IM's focus for 2011 will be income driven. Basically it means that our core investment portfolio will be in high dividend yielding equities and equities that could potentially experience high dividend payout growth,' he said.
The minimum initial investment in the HwangDBS Select Dividend Fund is RM 1,000 and the minimum additional investment is RM100. It has an approved fund size of 400 million units retailing at 50 sen per unit during the initial offer period.
The fund aims to provide a combination of regular income and capital growth over the medium to long term period. To achieve the primary objective of providing regular income, the fund intends to invest in Malaysian equities with a minimum of'' 70% of the funds' net asset value and up to 30% of its net asset value in Asia-pacific region.
The fund will be made available through all HwangDBS IM sales offices and only two banks nationwide, namely Maybank Bhd and Alliance Bank Malaysia Bhd.
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