Maybank Asset Management Debuts Fund With Stable Returns
Maybank Asset Management Sdn Bhd ("Maybank AM"), launched their flagship fixed income feeder fund known as Maybank Bluewaterz Total Return Fund (the "Fund"), that invests into a collective investment scheme namely Maybank BlueWaterz Total Return Bond Fund (the "Target Fund"). With the launch, Malaysian sophisticated investors now have the option to invest in the Target Fund which is an existing fund managed by Maybank Asset Management Singapore Pte Ltd ("Maybank AM Singapore") with a track record of 5.34% per annum*^ (in USD terms)^. The Fund takes advantage of the Target Fund's flexible and differentiated investment approach by investing in Asian bonds; denominated in either local currencies or US Dollars.
This is an open ended wholesale fund that caters to long term sophisticated investors whose risk appetite are low yet seeking stable returns. The Fund is Ringgit denominated and these investors can start up with a minimum initial investment of RM20,000 and subsequent additional investments of at least RM5,000. While there is no restriction to the redemption frequency, there is a minimum holding of 20,000 units at any one time. The Fund will be hedged back to Ringgit.
According to the Maybank Asset Management Sdn Bhd's Chief Executive Officer, En Badrul Hisyam Abu Bakar, "We believe that the introduction of the Fund is timely mainly because the investment approach of the Target Fund has proven to perform well even when market conditions proved to be challenging^. This was observed during the past down markets when our fund managers of the Target Fund hedged its exposure to the strong USD and its interest rates to minimise the downside. In 2013, while JP Morgan Asia Credit Index ("JACI") fell by 1.37%** and HSBC Asian Local Bond Index ("ALBI") by 5.72%**, the Target Fund had a total positive return of 1.66%* for that year^."
He added, "Our confidence in the launch of the Fund is spurred from the trending appetites of the general investors as investors are becoming more risk averse yet are seeking stable returns from their investments especially in the challenging market condition today. Investors can expect lower volatility in comparison to equities and global bonds."
For enquiries, please contact +603 2297 7888 or visit www.maybank-am.com
* Maybank Asset Management Singapore and Standard Chartered Bank Singapore Branch as of 30 April 2015. Returns calculated since inception of the Target Fund in 2009 to 30 April 2015.
** Bloomberg daily data for period between 1 December 2004 to 30 April 2015
^ Past performance is not indicative of future performance.
About Maybank Asset Management ("Maybank AM")
Maybank Asset Management Group Berhad ("Maybank AM") is one of the pioneers in the local asset management industry with over 30 years of experience specialising in Asian markets. Maybank AM is wholly owned by Malayan Banking Berhad ("Maybank"), recognised as one of Malaysia's largest banking groups and was ranked amongst the 20th strongest banks in the world rated by Bloomberg Markets*.
Our presence spreads across four (4) key markets in Asean namely, Malaysia, Singapore, Thailand and Indonesia offering Asian based investment solutions encompassing both conventional and Islamic assets. In addition to fund management services, we also offer alternative investment solutions through our private equity arm. Our portfolio management services cater to all types of investors including corporate and institutions, high net-worth individuals and mass retail.
We have a strong foothold in Asean with strategic intent to enhance our investment capabilities with on-the-ground market intelligence and expertise as well as expanding our regional distribution capabilities to market products cross-border.
Maybank AM Group's asset under management ("AUM") stood at MYR 14.7 billion as at 30 June 2015.
* In terms of assets and among other things, capital strengths, asset quality, strong reserves as well as deposit and funding strength, as at July 2014
The contents of this press release are intended to provide the reader with general information and are not a substitute for legal and investment advice.
The content of this press release is deemed to be accurate and current as at the date of this press release.
While care has been taken in the preparation of information, Maybank AM shall not be liable for any inaccuracy or incompleteness of the information of this press release.
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