BNY Mellon Investment Management teams up with Maybank Asset Management to launch Asia Rising Stars Fund
Singapore, 20th March 2017
BNY Mellon Investment Management, the world’s largest multi-boutique asset manager, and Maybank Asset Management Group Berhad (Maybank AM Group), the asset management business of Malaysia’s Maybank, today jointly announced the launch of the BNY Mellon Asia Rising Stars fund.
The fund will combine the expertise of BNY Mellon Japan small cap and the Maybank Asia ex-Japan small cap teams. BNY Mellon Asset Management Japan Limited will manage the Japanese small cap equities portion, and Maybank Asset Management Singapore Limited will manage the Asia ex Japan small cap portion.
Focusing on companies with a market cap below US$5billion, the fund will seek to provide capital growth by investing in Asian small cap companies which are listed on recognised exchanges in Asia, including Japan.
The investment team includes BNY Mellon’s Japan equity team of five, based in Japan led by Miyuki Kashima, Head of Japanese Equity Investments, along with Maybank AM’s Asia (ex Japan) equity team based in Singapore, led by Ajay Sharma and Kedar Wagle, Co-Heads of Equities.
Both teams have an average of more than 17 years’ industry experience with complementary investment styles. Each uses a fundamental high conviction approach combined with strong risk controls, making it suitable for selecting opportunities within the smaller cap universe.
Doni Shamsuddin, Co-Head of BNY Mellon Investment Management, Asia Pacific comments: “Asia provides an appealing investment landscape with growth in the region robust, valuations attractive, along with a commitment to economic reform in many countries. Combine this with the Asian small cap sector which is under-researched and often mis-priced, making it a fertile market in which to generate alpha.
“We are delighted to be working with Maybank to offer clients’ access to two complementary and successful investment teams. Maybank has a strong footprint in South East Asia and we look forward to working closely together in the region.”
Mr. Tan Boon Guan, Chief Operations Officer at Maybank Asset Management Singapore,said: “We are excited about this fund as it will showcase our expertise in managing Asia ex Japan equities. Even more so as we partner with a reputable global player such as BNY Mellon in unlocking the greater potential of the fund. This also adds to our range of product offerings for our clients.”
The fund is part of BNY Mellon’s Dublin based Mellon Global Fund range (MGF), and will beavailable in Singapore Dollar (SGD) and US Dollar (USD) share classes, to accredited investors in Singapore and Hong Kong, and to Singapore retail investors. The plan is also to make the fund accessible to Malaysian investors subject to regulatory approval.
Maybank Asset Management
Maybank Asset Management Group (Maybank AM Group) is one of the pioneers in the Malaysian assetmanagement industry with over 30 years of experience specialising in Asian markets and is wholly-owned by Maybank Group.
Today, Maybank AM Group has entities across 3 key ASEAN markets namely Malaysia, Singapore and Indonesia providing a diverse range of Asian focused investment solutions for conventional and Islamic assets. In addition to fund management services, Maybank AM Group also offers alternative investment solutions through its private equity arm. The portfolio management services cater to all types of investorsincluding corporate and institutions, high net-worth individuals and mass retail. Maybank AM Group ofCompanies comprises Maybank Asset Management Group Berhad, Maybank Asset Management Malaysia Sdn. Bhd., Maybank Islamic Asset Management Sdn. Bhd., Maybank Private Equity Sdn. Bhd.,Maybank Asset Management Singapore Pte. Ltd. and PT Maybank Asset Management.
Maybank AM Group has vast capabilities in managing local and Asian focused portfolios ranging from equity, fixed income to money market instruments for corporations, institutions, pension funds, insurance and Takaful companies and individual clients through direct mandates, unit trust and wholesale funds.
Maybank AM Group’s AUM is at RM25.3 billion as of end February 2017.
For more information on Maybank Asset Management, please visit www.maybank-am.com and follow us on Instagram @MaybankAssetManagement.
Disclaimer: The opinions, and/or expectations (together referred to as “Information”) contained herein are inputs provided by subsidiaries within Maybank Asset Management Group Berhad (collectively referred to as MAMG) which have been obtained from sources believed to be reliable and are based on the technical investment expertise. MAMG makes no representation or warranty, expressed or implied that such Information is accurate, complete or verified and should not be relied to as such. The Information contained herein are published for recipients’ reference only and is subject to change without notice. MAMG shall at all times perform all transactions at arms' length for all its clients, especially when in situations where there is conflict of interest or potential conflict of interest. No part of this information may be distributed or reproduced in any format without the prior consent of MAMG.
BNY Mellon Investment Management
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.6 trillion in assets under management. It encompasses BNY Mellon’s affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellonim.com. In Singapore additional information is available www.bnymellonimpac.com/sg/funds.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of December 31 2016, BNY Mellon had $29.9 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
Disclaimer: All information sourced by BNY Mellon as of March 2017. This press release is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management to members of the financial press and media and the information contained herein should not be construed as investment advice. The value of investments can fall. Investors may not get back the amount invested. Income from investments may vary and is not guaranteed.
This Fund is a sub-fund under BNY Mellon Global Funds, plc (the “Responsible Person”), which is an open-ended umbrella investment company with variable capital incorporated in Ireland with segregated liability between sub-funds and authorised by the Central Bank of Ireland. The Fund is recognised for retail distribution in Singapore under Section 287 of the Securities and Futures Act (Chapter 289 of Singapore). The Responsible Person has appointed BNY Mellon Investment Management Singapore Pte. Limited (“BNYM-IM-SG”) as its Singapore Representative. The prospectus in relation to the Fund is available and a copy of it may be obtained from http://www.bnymellonimapac.com/sg/funds or at BNYMIM- SG’s distributors. A potential investor should read the prospectus before deciding whether to subscribe or purchase units in the Fund. The value of the units in the Fund and the income accruing to the units, if any, may fall or rise. The net asset value of the Fund is likely to have a high volatility due to its investment policies or portfolio management techniques.
This document shall be used in Singapore only and shall not be used for the purpose of an offer or solicitation in any other jurisdiction or in any circumstances in which such offer or solicitation is unlawful or not authorised. All information herein is made for information purposes only and subject to change at any time without notice, and should not be construed as investment advice or recommendation. Investors should seek relevant professional/financial advice before investing in the Fund and should read this document in conjunction with the prospectus of the Fund. The Responsible Person, BNYM–IM-SG and its affiliates are not responsible for any advice given to investors. Investments involve risks. A complete description of risk factors is set out in the Prospectus. Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed. The Fund may invest in financial derivatives. When you sell your investment you may get back less than you originally invested. Issued by BNYM-IM-SG (Co. Reg. No. 201230427E)
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