TheEdge
KUALA LUMPUR: Hong Leong Bank (HLB), the exclusive appointed agent of Amanah Raya Bhd, has launched the Hong Leong Invest Safe II.
Hong Leong Safe II is a trust deposit for customers who make a placement that can potentially enjoy steady growth and enhance yield on their investments, the bank said in a statement ysterday.
“The first product launched with Amanah Raya in 2006 generated positive response from the public. We exceeded RM500 million in sales and our customers have been happy with the returns.
“On a gross basis, customers have been enjoying a steady return of 5% per annum. We’re confident the new product will equally excite our customers as we are targeting to deliver similar returns,” said Moey Tan, chief operating officer for personal financial services.
She said many customers favoured Invest Safe as it offers competitive dividends, compounding interest and the capital is protected.
The Hong Leong Invest Safe II is limited to RM300 million and is only available through HLB. — Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Showing posts with label HLG. Show all posts
Showing posts with label HLG. Show all posts
Wednesday, December 3, 2008
Friday, November 21, 2008
HLG Unit Trust to sell another 4-5 products via Maybank
TheEdge
KUALA LUMPUR: HLG Unit Trust Bhd is looking to offer another four to five of its existing products through Maybank’s distribution channel.
HLG Asset Management Sdn Bhd’s executive director/chief executive officer Richard Lin said Maybank had been distributing the HLG Syariah Inflation Select Fund for the past month as well as the HLG Global Value Fund.
“We only select certain products to be distributed by Maybank to ensure it meets the investment criteria of Maybank’s customers,” he told reporters after a strategic agreement signing ceremony between HLG Unit Trust and Maybank here yesterday.
The agreement enables Maybank to be an Institutional Unit Trust Adviser (IUTA) of HLG Unit Trust. Maybank is the 10th IUTA to have joined HLG Unit Trust’s stable of IUTA distributors.
Apart from Maybank, HLG Unit Trust’s stable of distributors comprises Hong Leong Bank Bhd, Standard Chartered Bank Malaysia Bhd, OCBC Bank (Malaysia) Bhd, HSBC Bank Malaysia Bhd, United Overseas Bank (Malaysia) Bhd, Citibank Bhd, The Royal Bank of Scotland Bhd, Affin Bank Bhd and CIMB Private Banking.
To date, HLG Unit Trust manages 35 unit trust funds, which are distributed nationwide through multiple channels. As of Oct 31, 2008, HLG Unit Trust Bhd had a combined total fund size of RM2.5 billion. — Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: HLG Unit Trust Bhd is looking to offer another four to five of its existing products through Maybank’s distribution channel.
HLG Asset Management Sdn Bhd’s executive director/chief executive officer Richard Lin said Maybank had been distributing the HLG Syariah Inflation Select Fund for the past month as well as the HLG Global Value Fund.
“We only select certain products to be distributed by Maybank to ensure it meets the investment criteria of Maybank’s customers,” he told reporters after a strategic agreement signing ceremony between HLG Unit Trust and Maybank here yesterday.
The agreement enables Maybank to be an Institutional Unit Trust Adviser (IUTA) of HLG Unit Trust. Maybank is the 10th IUTA to have joined HLG Unit Trust’s stable of IUTA distributors.
Apart from Maybank, HLG Unit Trust’s stable of distributors comprises Hong Leong Bank Bhd, Standard Chartered Bank Malaysia Bhd, OCBC Bank (Malaysia) Bhd, HSBC Bank Malaysia Bhd, United Overseas Bank (Malaysia) Bhd, Citibank Bhd, The Royal Bank of Scotland Bhd, Affin Bank Bhd and CIMB Private Banking.
To date, HLG Unit Trust manages 35 unit trust funds, which are distributed nationwide through multiple channels. As of Oct 31, 2008, HLG Unit Trust Bhd had a combined total fund size of RM2.5 billion. — Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Thursday, September 25, 2008
HLG aims for fund size of RM6bil
TheStar
It is introducing new products to meet the target by 2011
KUALA LUMPUR: HLG Asset Management Sdn Bhd aims to increase its total fund size to RM6 billion by 2011 from the current RM2.35bil.
HLG Asset Management Sdn Bhd’s executive director and chief executive officer, Richard Lin, said the company was confident of achieving its target with the introduction of new funds.
“The company has more new products in the pipeline. But it needs to review the regional markets first before deciding to launch the products,” he told reporters after the launch of HLG Shariah Inflation Select Fund yesterday.
It is introducing new products to meet the target by 2011
KUALA LUMPUR: HLG Asset Management Sdn Bhd aims to increase its total fund size to RM6 billion by 2011 from the current RM2.35bil.
HLG Asset Management Sdn Bhd’s executive director and chief executive officer, Richard Lin, said the company was confident of achieving its target with the introduction of new funds.
“The company has more new products in the pipeline. But it needs to review the regional markets first before deciding to launch the products,” he told reporters after the launch of HLG Shariah Inflation Select Fund yesterday.
HLG Unit Trust Bhd executive director/acting CEO Teo Chang Seng left) and HLG Asset Management Sdn Bhd executive director Richard Lin at the launch on Wednesday. - Starpic by Shaari Che Mat
Lin said he expected the new fund to perform well given the current inflationary pressures as it is a structured fund that is benchmarked against the performance of companies, both locally and abroad, that would benefit from an environment of rising inflation.
“The fund’s potential returns are benchmarked on three baskets of reference stocks in the agriculture, consumer staples and oil & mining sectors,” he said.
While global inflation rates are expected to ease, Lin does not expect them to get back to levels they were at one to two years ago.
“The surge in inflation is due to oil and commodity prices ... (but) if you look at the fundamentals of demand, we would not expect nature to produce more oil or minerals,” he said. “We are also not going to see a sharp correction as far as demand for food (is concerned).”
Lin reckoned that the robust economy of China will sustain the demand for food and oil and “that will underpin to a large extent inflationary pressures.”
“We are not saying that inflation is going to go all the way up. It has peaked but it will still be going to be at a high level and (that is) something we have to contend with,” Lin added.
The response to the new fund has been promising since it was launched two days ago, he said, adding that the fund has been seeing “double digit inflow of sales.”
Minimum initial investment for the fund is RM1,000 while the maximum amount is RM20mil.
The fund has a total approved fund size of 600 million units priced at 50 sen per unit during the offer period from Sept 22 until Nov 5.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Wednesday, September 10, 2008
HLG Unit Trust launches strategic fund
TheStar
PETALING JAYA: HLG Unit Trust Bhd and Hong Leong Bank Bhd (HLB) recently launched the GEM Resources Strategic Fund to leverage on the current inflationary situation.
The fund, which would invest in global resources and global emerging markets equity securities, was structured to take advantage of current market uncertainties.
In a statement yesterday, HLG said the fund was a growth and income fund to provide protection against inflation and long-term growth of capital.
It would invest in global resources-related equity securities of companies involved in the extraction, processing, transportation and distribution of natural resources of any kind, in any part of the world.
HLG Asset Management Sdn Bhd executive director and chief executive officer Richard Lin said the fund would invest in natural resources, which was one of the few asset classes that benefited from inflation.
He also said the fund would also invest in global emerging markets equity securities for long-term capital growth.
The fund has a total approved fund size of two billion units priced at 10 sen per unit during the initial offer period.
Minimum initial investment is RM1,000 while the minimum additional investment is RM1,000.
Newgate Capital Management LLC is the external foreign investment manager to manage the global equity securities of the fund.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
PETALING JAYA: HLG Unit Trust Bhd and Hong Leong Bank Bhd (HLB) recently launched the GEM Resources Strategic Fund to leverage on the current inflationary situation.
The fund, which would invest in global resources and global emerging markets equity securities, was structured to take advantage of current market uncertainties.
In a statement yesterday, HLG said the fund was a growth and income fund to provide protection against inflation and long-term growth of capital.
It would invest in global resources-related equity securities of companies involved in the extraction, processing, transportation and distribution of natural resources of any kind, in any part of the world.
HLG Asset Management Sdn Bhd executive director and chief executive officer Richard Lin said the fund would invest in natural resources, which was one of the few asset classes that benefited from inflation.
He also said the fund would also invest in global emerging markets equity securities for long-term capital growth.
The fund has a total approved fund size of two billion units priced at 10 sen per unit during the initial offer period.
Minimum initial investment is RM1,000 while the minimum additional investment is RM1,000.
Newgate Capital Management LLC is the external foreign investment manager to manage the global equity securities of the fund.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Friday, March 14, 2008
HLG Unit Trust teams up with Citibank, Permal on fixed income feeder fund
TheEdge
KUALA LUMPUR: HLG Unit Trust Bhd has entered into its first partnership with two US-based global financial services groups, Citibank and Permal Investment Management Services Ltd, with the launch of a fixed income feeder fund, HLG Fixed Income Holdings Fund.
Amid volatile equities markets globally, the fund aimed to provide investors with an alternative investment option that strives for consistent above-market returns in any market conditions, while maintaining a lower risk profile than traditional investments, said Citibank Bhd’s head of retail banking, Paul Hodes, at the launch of the feeder fund here yesterday.
The fund will invest at least 95% of its net asset value into the underlying fund, Permal Fixed Income Holdings NV (PFIH), which focuses on employing fixed income long, fixed income trading, macro, relative value arbitrage and event driven strategies.
From left: Citibank Bhd CEO Sanjeev Nanavati, Citibank head of retail banking Paul Hodes, HLG Asset Management CEO Richard Lin, Permal Singapore Pte Ltd & Permal Hong Kong Ltd MD Bo Kratz and Citibank country business manager Michellina Triwardhany at the launching of the Hong Leong Fixed Income Holdings Fund in KL yesterday.
One of the world’s largest alternative asset management groups and with over US$37 billion of assets under management, Permal claims to set the standards for hedge funds, offering an array of portfolios invested across a wide range of strategies, regions, and risk/return objectives.
Under the tripartite collaboration, sales distribution will be handled by both Citibank and HLG Unit Trust’s agency force, while Permal manages the underlying fund. Hodes said the underlying fund adopted a multi-concept approach, which strives to assemble the optimal mix of managers and strategies.
“As investors seek out products that respond to the changing dynamics in investment, we are proud to launch such a product to the investing public.
“HLG Fixed Income Holdings Fund is specially developed for the rollout of this new partnership and exclusive distribution rights have been awarded to Citibank,” said HLG Asset Management Sdn Bhd’s executive director and chief executive officer, Richard Lin.
According to figures provided by HLG Unit Trust, Permal’s fixed income fund managed returns of about 10% over the past five years, with a relatively low risk of 3.4 in terms of standard deviation.
The current approved size for the newly launched fund is 300 million units, while the minimum initial investment is RM100,000. Each unit is priced at 50 sen during the initial offer period between March 12 and April 1, 2008.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Tuesday, January 8, 2008
HLG Asset to double asset size to RM4.2bil
TheStar
KUALA LUMPUR: HLG Asset Management Sdn Bhd aims to increase its asset size to RM4.2bil by the middle of the year, almost doubling its size of RM2.23bil at end-2007.
Chief executive officer Richard Lin said HLG would kick-start the effort to increase its asset size with the launch of the RM300mil HLG Global Value Fund, comprising 600 million units priced at 50 sen each.
“We will have a few more funds in the first half of the year,” he said after the launch of the fund last Thursday.
He said the fund, which would be managed by Delaware Capital Management, was expected to give investors double-digit returns.
“The fund will also provide investors with a diversified portfolio of equity securities of companies from a wide range of industries with original listings in both developed and emerging markets worldwide,” he said.
The offer period ends Jan 23. The minimum initial investment is RM1,000 and the minimum additional investment is RM100.
Lin said the asset allocation for the fund would be a minimum 70% in global equity and a maximum 30% in fixed income investments.
On the outlook for Malaysian equities market, Lin said sentiments remained positive but investors needed to diversify their asset allocations in 2008 as there was still volatility in both the global and local equities markets.
He said the impending general election and growth of domestic consumption would be key factors for the local equities market.
“As of now, domestic consumption outlook remains positive. So, even if exports remain sluggish.
Malaysia can still record a gross domestic growth of 5%-6% boosted by domestic consumption,” he said.
Meanwhile, institutional consulting director, Citi Institutional Consulting institutional consulting director Christopher Soon said the fund would invest in a portfolio of heavyweight companies in Asia-Pacific and Europe that were considered undervalued.
”At this juncture, the fund will not be invested in the US market due to the challenges in the economy.
“Once the subprime issue settles down we will be more than happy to go into US market,” he said. – Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: HLG Asset Management Sdn Bhd aims to increase its asset size to RM4.2bil by the middle of the year, almost doubling its size of RM2.23bil at end-2007.
Chief executive officer Richard Lin said HLG would kick-start the effort to increase its asset size with the launch of the RM300mil HLG Global Value Fund, comprising 600 million units priced at 50 sen each.
“We will have a few more funds in the first half of the year,” he said after the launch of the fund last Thursday.
He said the fund, which would be managed by Delaware Capital Management, was expected to give investors double-digit returns.
“The fund will also provide investors with a diversified portfolio of equity securities of companies from a wide range of industries with original listings in both developed and emerging markets worldwide,” he said.
The offer period ends Jan 23. The minimum initial investment is RM1,000 and the minimum additional investment is RM100.
Lin said the asset allocation for the fund would be a minimum 70% in global equity and a maximum 30% in fixed income investments.
On the outlook for Malaysian equities market, Lin said sentiments remained positive but investors needed to diversify their asset allocations in 2008 as there was still volatility in both the global and local equities markets.
He said the impending general election and growth of domestic consumption would be key factors for the local equities market.
“As of now, domestic consumption outlook remains positive. So, even if exports remain sluggish.
Malaysia can still record a gross domestic growth of 5%-6% boosted by domestic consumption,” he said.
Meanwhile, institutional consulting director, Citi Institutional Consulting institutional consulting director Christopher Soon said the fund would invest in a portfolio of heavyweight companies in Asia-Pacific and Europe that were considered undervalued.
”At this juncture, the fund will not be invested in the US market due to the challenges in the economy.
“Once the subprime issue settles down we will be more than happy to go into US market,” he said. – Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Friday, January 4, 2008
HLG Global Value Fund targets 12%-15% returns
TheEdge
KUALA LUMPUR: HLG Unit Trust Bhd is targeting 12% to 15% market returns from its newly launched HLG Global Value Fund.
The fund would invest in a diversified portfolio of undervalued equity securities in markets worldwide, thus extending investors’ opportunities for global exposure, HLG Asset Management Sdn Bhd executive director and chief executive officer Richard Lin said at the launch yesterday. The asset allocation of the fund would be a minimum 70% in global equity securities and a maximum 30% in fixed income investments.
The fund’s portfolio comprises securities of mid- to big-cap companies with at least US$500 million (RM1.68 billion) market capitalisation that were undervalued by about 20% based on fundamental research, and whose long-term earnings power were not reflected in the current market price of their securities, said Lin.
The fund has a total approved fund size of 600 million units priced at 50 sen per unit during the initial offer period from Jan 3 to Jan 23. The minimum initial investment is RM1,000.
Lin said the companies would be evaluated based on their potential corporate earnings and dividend paying capability as the fund aims to provide investors with consistent and long-term capital growth.
American-based Delaware Capital Management has been appointed the external foreign investment manager of the fund. “We will look into upsizing it to the maximum if demand is overwhelming. After the initial offer period, Delaware would like to close and we would have to reassess the fund again,” he said.
The HLG Global Value Fund brings HLG Unit Trust’s portfolio of managed funds to 26, and is part of the company’s strategy in asset under management growth.
HLG Unit Trust Bhd recorded a combined total fund size of RM2.23 billion as at Dec 27 last year and is targeting to grow it to RM4.2 billion by mid-2008, said Lin.
He added that there were several more funds in the pipeline for launch by mid-2008.
HLG Unit Trust Bhd is a wholly owned subsidiary of HLG Capital Bhd Malaysia, which is 75% owned by Hong Leong Financial Group Bhd.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Monday, November 19, 2007
New HLG Unit Trust fund relies on two-pronged strategies
TheEdge
KUALA LUMPUR: HLG Unit Trust Bhd has launched the HLG European Dividend-Growth Fund which adopts a combination of two investment strategies, namely the “European Dividend” defensive strategy and “European Growth” returns enhancing strategy.
Speaking to reporters here yesterday after the launch of the new fund, HLG Asset Management Sdn Bhd’s executive director and chief executive officer Richard Lin said the European Dividend strategy would provide investors with regular income, while the European Growth strategy strove to achieve medium-to-long term capital growth.
“With the European Dividend strategy, the fund would invest in European companies with attractive and sustainable dividend yields. Using the European Growth strategy, the fund would invest in European companies with anticipated earnings growth,” he said.
He said the new fund would primarily invest in a diversified investment portfolio of equities and equity-related securities of large and mid-cap European companies, as well as in fixed income securities for liquidity management and capital stability.
European-based BNP Paribas Asset Management, which manages assets of €56 billion (RM1.7 trillion) as at June 30, 2007, had been appointed the fund’s external foreign investment manager.
Richard said the fund’s performance would be benchmarked against the Morgan Stanley Capital International (MSCI) Europe Index.
He expected the new fund to be fully subscribed during the 21-day initial offer period to Dec 5.
He said HLG Unit Trust, which currently manages 25 unit trust funds, planned to launch one or two more funds by year-end and had targeted to increase its fund size to RM4 billion by next year from RM2.27 billion as at Oct 31, 2007.
The HLG European Dividend-Growth Fund has a total approved fund size of 600 million units priced at 50 sen per unit, with a minimum initial investment of RM1,000 while the minimum additional investment is RM100.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: HLG Unit Trust Bhd has launched the HLG European Dividend-Growth Fund which adopts a combination of two investment strategies, namely the “European Dividend” defensive strategy and “European Growth” returns enhancing strategy.
Speaking to reporters here yesterday after the launch of the new fund, HLG Asset Management Sdn Bhd’s executive director and chief executive officer Richard Lin said the European Dividend strategy would provide investors with regular income, while the European Growth strategy strove to achieve medium-to-long term capital growth.
“With the European Dividend strategy, the fund would invest in European companies with attractive and sustainable dividend yields. Using the European Growth strategy, the fund would invest in European companies with anticipated earnings growth,” he said.
He said the new fund would primarily invest in a diversified investment portfolio of equities and equity-related securities of large and mid-cap European companies, as well as in fixed income securities for liquidity management and capital stability.
European-based BNP Paribas Asset Management, which manages assets of €56 billion (RM1.7 trillion) as at June 30, 2007, had been appointed the fund’s external foreign investment manager.
Richard said the fund’s performance would be benchmarked against the Morgan Stanley Capital International (MSCI) Europe Index.
He expected the new fund to be fully subscribed during the 21-day initial offer period to Dec 5.
He said HLG Unit Trust, which currently manages 25 unit trust funds, planned to launch one or two more funds by year-end and had targeted to increase its fund size to RM4 billion by next year from RM2.27 billion as at Oct 31, 2007.
The HLG European Dividend-Growth Fund has a total approved fund size of 600 million units priced at 50 sen per unit, with a minimum initial investment of RM1,000 while the minimum additional investment is RM100.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Friday, November 16, 2007
HLG Unit Trust sees good outlook for market
TheStar
KUALA LUMPUR: HLG Unit Trust Bhd is positive on the market outlook for the current quarter and first quarter (Q1) next year despite the uncertainty arising from the US subprime crisis and housing sector slowdown.
HLG Asset Management Sdn Bhd executive director and chief executive officer Richard Lin said the current quarter was exciting with robust activities while Q1 looked promising.
“We have seen very good growth not only in the local equity market but also regional markets as a whole. There has been robust regional sentiments,” Lin said after the launch of HLG European Dividend-Growth Fund and the appointment of BNP Paribas Asset Management as the fund’s external foreign investment manager yesterday.
HLG Asset Management is the fund’s external investment manager.
However, he cautioned that the second half of next year could be challenging due to the uncertainties in the US economy.
“We are not expecting a crash in the economy, just some form of adjustments. It is inevitable the US economy will see a slowdown, dragged down by the sluggish housing sector but the slowdown will not be critical.
“We do not expect it to affect the local market but our market will continue to be influenced by external sentiment and mirror the performance of the regional markets,” Lin said.
The HLG European Dividend-Growth Fund is a growth and income fund that aims to provide investors with regular income and medium- to long-term capital growth.
The fund will invest in a diversified investment portfolio of equities and equity-related securities of European companies, based on their growth and dividend prospects. It will also invest in fixed income securities for liquidity management purpose and stability of capital.
The fund has an approved size of 600 million 50 sen units.
Lin expects the new fund, the group’s 25th, to generate positive response during the initial offer period till Dec 5.
“We will invest a minimum 70% in equities and equity-related securities of European companies and a maximum 30% in fixed income investments,” he said.
One or two more funds were expected to be launched this year, he added
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: HLG Unit Trust Bhd is positive on the market outlook for the current quarter and first quarter (Q1) next year despite the uncertainty arising from the US subprime crisis and housing sector slowdown.
HLG Asset Management Sdn Bhd executive director and chief executive officer Richard Lin said the current quarter was exciting with robust activities while Q1 looked promising.
“We have seen very good growth not only in the local equity market but also regional markets as a whole. There has been robust regional sentiments,” Lin said after the launch of HLG European Dividend-Growth Fund and the appointment of BNP Paribas Asset Management as the fund’s external foreign investment manager yesterday.
HLG Asset Management is the fund’s external investment manager.
However, he cautioned that the second half of next year could be challenging due to the uncertainties in the US economy.
“We are not expecting a crash in the economy, just some form of adjustments. It is inevitable the US economy will see a slowdown, dragged down by the sluggish housing sector but the slowdown will not be critical.
“We do not expect it to affect the local market but our market will continue to be influenced by external sentiment and mirror the performance of the regional markets,” Lin said.
The HLG European Dividend-Growth Fund is a growth and income fund that aims to provide investors with regular income and medium- to long-term capital growth.
The fund will invest in a diversified investment portfolio of equities and equity-related securities of European companies, based on their growth and dividend prospects. It will also invest in fixed income securities for liquidity management purpose and stability of capital.
The fund has an approved size of 600 million 50 sen units.
Lin expects the new fund, the group’s 25th, to generate positive response during the initial offer period till Dec 5.
“We will invest a minimum 70% in equities and equity-related securities of European companies and a maximum 30% in fixed income investments,” he said.
One or two more funds were expected to be launched this year, he added
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
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