MAYBANK ASSET MANAGEMENT AND BNP PARIBAS ASSET MANAGEMENT LAUNCHED THE MAMG GREEN TIGERS FUND
An Asia-Pacific Sustainable and Responsible Investment Thematic Equity Fund Focused on Environmental Markets
KUALA LUMPUR, 16 October 2023 – Maybank Asset Management (“MAM”), fully owned by Maybank Asset Management Group (“MAMG”), in collaboration with BNP Paribas Asset Management, expanded its Environmental, Social and Governance (ESG) product offerings with the launch of the MAMG Green Tigers Fund (“the Fund”), a qualified Sustainable and Responsible Investment (SRI) fund under the SC’s Guidelines on Sustainable and Responsible Investment Funds.
The Fund is a feeder fund that aims to achieve capital growth by investing in the BNP Paribas Funds Green Tigers (“the Target Fund”). The Target Fund seeks to achieve sustainable returns over the longer term by investing in fast growing and innovative Asia-Pacific companies providing disruptive environmental solutions.
Ahmed Muzni Mohamed, Chief Executive Officer of Maybank Asset Management said, “We had a great collaboration with BNP Paribas Asset Management last year with the launch of MAMG Global Environment Fund, and we are happy to add the MAMG Green Tigers Fund to our suite of ESG/ Sustainable and Responsible Investment (SRI) funds.
This Fund comes at a critical but opportune moment in Asia as rapid urbanisation, constrained resources, supportive government sustainability policies and demand for industrial efficiencies are driving support for sustained investment in the Asian Environmental Market.
With the MAMG Green Tigers Fund, local investors can gain exposure to the six (6) environment market themed equities, generate sustainable and reliable returns whilst adhering to ESG regulations. Furthermore, the Fund is aligned with the UN Sustainable Development Goals (SDGs) which are clean water and sanitation; affordable and clean energy; industry, innovation and infrastructure; sustainable cities and communities; and responsible consumption and production*,” Muzni says.
Daniel Choong, Chief Executive Officer of BNP Paribas Asset Management Malaysia added, “Our future is being shaped by powerful long-term trends. Half of the world’s GDP is dependent on our precious natural resources, and this is exacerbated by our consumption rate which is 1.75 times faster than the earth’s ability to regenerate itself. Moreover, global population growth and rising income have resulted in an urgent need to restore damaged ecosystems. These challenges bring out significant investment opportunities in Asia-Pacific environmental thematic markets.
The financial sector has a critical role to play in creating a positive environmental impact and we are proud to have jointly launched the MAMG Green Tigers Fund with Maybank Asset Management. This fund aims to take advantage of resources targeted at long-term growth through investments in Asia-Pacific companies that are focused on designing cutting-edge solutions within the environmental markets including renewable energy, circular economy, and sustainable food and agriculture.
We are glad to bring our innovative thematic solutions to a reputable player like Maybank Asset Management, while meeting investor requirements for financial returns combined with a positive environmental impact.”
Why Invest in MAMG Green Tigers Fund
The Fund seeks to gain exposure to the full spectrum of opportunities within Asian equities, focusing predominantly on fast growing and disruptive companies providing environmental solutions, via the Target Fund. The Fund will invest a minimum of 90 per cent of its net asset value in the Target Fund, suitable for investors who seek potential medium to long term capital appreciation; and are willing to tolerate the risks associated with investing in the Target Fund.
The base currency of the Fund is in USD and is offered in five (5) currency classes, namely USD Class, MYR Class, MYR-Hedged Class, AUD-Hedged Class and SGD-Hedged Class. The minimum investment amount is USD1,000 for USD Class, RM1,000 for MYR and MYR-Hedged Class, AUD1,000 for AUD-Hedged Class and SGD1,000 for SGD-Hedged Class.
The MAMG Green Tigers Fund is available exclusively at MAM’s authorised distributors’ branches nationwide. For more information, visit https://www.maybank-am.com.my
*Source: Impax Asset Management, 31 December 2022.
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