TheStar
KUALA LUMPUR: HwangDBS Investment Management Bhd (HwangDBS IM) sees recovery in US equities in the coming months and aims to capitalise on it now by launching a fund that tracks the Standard and Poor’s 500.
The S&P 500 Index was expected to recover by as early as the second half of this year on the back of economic stimulus measures, said HwangDBS IM chief executive officer and executive director Teng Chee Wai.
The S&P 500 had tumbled 52% from its peak of 1,565 points on Oct 9, 2007 to 754 points on Monday.
It is the most tracked index of American equities after the Dow Jones Industrial Average.
“The current market downturn should be seen as part and parcel of market cycles and, essentially, investing is certainly a long-term approach and should not be taken as a means to make a quick buck,” Teng told reporters at the launch of HwangDBS US Access 80, its first fund this year.
“The US Access 80 was mooted on the premise of capitalising on the bearish global sentiment to gain substantial headway into the S&P 500 at a highly attractive valuation,” he added.
“(S&P 500) comprises American stocks with the largest market capitalisation such as Coca-Cola, Wal-Mart and McDonald’s, that would, in boom time, cost investors an arm and a leg to own due to the premium they command,” he noted.
The US Access 80 is a mixed-asset, open-ended fund that aims to provide capital appreciation through exposure to the S&P 500 while endeavouring to preserve a minimum of 80% of the fund’s highest net asset value achieved, observed on a daily basis.
“The 20% growth aspect of the fund employs a dynamic and tactical allocation strategy to achieve derivative-type active asset exposure on the S&P 500 to ultimately deliver better-than-average results. This strategy allows progressive lock-in gains while raising the preservation limit,” Teng said.
“Investors today are looking for investments that guard them against the ravages of the financial crisis and by nature, we recognise the importance of avoiding investments in highly leveraged companies and complex derivatives,” he said.
HwangDBS IM aims to secure up to RM100mil in sales for the US Access 80 in the next six months.
Aimed at retail clients, the minimum initial investment for the fund is RM1,000.
It has an approved fund size of 300 million units retailing at RM1 each during the initial offer period.
According to Teng, HwangDBS IM will continue to launch more funds this year to boost its assets under management which stood at RM5.6bil at end-December.
A year earlier, its assets under management stood at RM6.1bil.
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 Hwang DBS. Show all posts
Showing posts with label Hwang DBS. Show all posts
Wednesday, March 18, 2009
Friday, November 14, 2008
Hwang-DBS M’sia in foreign Islamic fund management tie-up
TheEdge
KUALA LUMPUR: Hwang-DBS (Malaysia) Bhd has proposed to enter into a 49:51 subscription and joint-venture agreement with DBS Asset Management Ltd and Asian Islamic Investment (AIIMAN), to operate AIIMAN as a foreign Islamic fund management company.
In a statement yesterday, Hwang-DBS said the move is to diversify its income base and to cater to the growing demand for Islamic asset management products, as well as capitalise on incentives provided by the Malaysian government.
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: Hwang-DBS (Malaysia) Bhd has proposed to enter into a 49:51 subscription and joint-venture agreement with DBS Asset Management Ltd and Asian Islamic Investment (AIIMAN), to operate AIIMAN as a foreign Islamic fund management company.
In a statement yesterday, Hwang-DBS said the move is to diversify its income base and to cater to the growing demand for Islamic asset management products, as well as capitalise on incentives provided by the Malaysian government.
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, November 6, 2008
75 sen per unit for HwangDBS fund
BusinessTimes
HWANGDBS Investment Management Bhd has declared an interim income distribution of 0.75 sen for its second institutional fund, an income-type bond fund called the HwangDBS Enhanced Deposit Fund (EDF).
The income distribution is for the financial year ending April 30 2009, representing it sixth distribution since its launch on April 18 2005.
EDF has registered total growth of 11.53 per cent on its net asset value per unit.
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.
HWANGDBS Investment Management Bhd has declared an interim income distribution of 0.75 sen for its second institutional fund, an income-type bond fund called the HwangDBS Enhanced Deposit Fund (EDF).
The income distribution is for the financial year ending April 30 2009, representing it sixth distribution since its launch on April 18 2005.
EDF has registered total growth of 11.53 per cent on its net asset value per unit.
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, September 8, 2008
HwangDBS IM declares income distributions
TheStar
KUALA LUMPUR HwangDBS Investment Management Bhd (HwangDBS IM) declared annual income distributions of four sen for its Dana Fahim Fund and five sen for Dana Izdihar Fund.
It said on Monday the income distributions were for the two funds’ financial year ended Aug 31. The Dana Fahim Fund is an Islamic growth and income type fund while the Dana Izdihar Fund is an Islamic growth type fund.
The annual gross income distribution of four sen for Dana Fahim Fund’s FY Aug 31 was its third and final distribution since its launch on June 28, 2004.
The Dana Fahim Fund posted total growth of 22.96% on its NAV per unit since inception and all the unit holders registered as at Aug 22 were eligible for the income allotment.
HwangDBS IM also declared an annual gross income distribution of five sen for Dana Izdihar Fund’s FYAug 31. This is its sixth and final distribution since its launch in October 2002.
HwangDBS IM chief executive officer Teng Chee Wai said the Dana Izdihar Fund’s specific focus and favour for companies that practised good corporate governance had benefitted the Fund.
Teng said these securities generally command higher market valuation and would potentially yield better returns over a medium investment horizon.
As for Dana Fahim Fund, its focus would continue to provide investors an affordable access into a diversified investment portfolio containing a “balanced” mixture of quality Shariah-compliant equities and sukuk with similar attributes.
Teng said HwangDBS IM intended to maintain a defensive stance in the interim in-light of uncertainties prevailing in the local markets.
“Domestic equity portfolios will continue to hold a high level of cash holdings and the company will patiently wait for further clarity in local and regional markets before seeking to deploy cash into equities,” he said.
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 HwangDBS Investment Management Bhd (HwangDBS IM) declared annual income distributions of four sen for its Dana Fahim Fund and five sen for Dana Izdihar Fund.
It said on Monday the income distributions were for the two funds’ financial year ended Aug 31. The Dana Fahim Fund is an Islamic growth and income type fund while the Dana Izdihar Fund is an Islamic growth type fund.
The annual gross income distribution of four sen for Dana Fahim Fund’s FY Aug 31 was its third and final distribution since its launch on June 28, 2004.
The Dana Fahim Fund posted total growth of 22.96% on its NAV per unit since inception and all the unit holders registered as at Aug 22 were eligible for the income allotment.
HwangDBS IM also declared an annual gross income distribution of five sen for Dana Izdihar Fund’s FYAug 31. This is its sixth and final distribution since its launch in October 2002.
HwangDBS IM chief executive officer Teng Chee Wai said the Dana Izdihar Fund’s specific focus and favour for companies that practised good corporate governance had benefitted the Fund.
Teng said these securities generally command higher market valuation and would potentially yield better returns over a medium investment horizon.
As for Dana Fahim Fund, its focus would continue to provide investors an affordable access into a diversified investment portfolio containing a “balanced” mixture of quality Shariah-compliant equities and sukuk with similar attributes.
Teng said HwangDBS IM intended to maintain a defensive stance in the interim in-light of uncertainties prevailing in the local markets.
“Domestic equity portfolios will continue to hold a high level of cash holdings and the company will patiently wait for further clarity in local and regional markets before seeking to deploy cash into equities,” he said.
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 4, 2008
HwangDBS Investment launches Steady Income Fund
TheStar
KUALA LUMPUR: HwangDBS Investment Management Bhd had on Thursday launched Steady Income Fund (STDIF) targeted at corporate and institutional investors.
The STDIF is the latest addition to its institutional/corporate suite of products and its first corporate feeder fund. It offers steady performance and potentially regular, high income yield.
HwangDBS Investment Management chief executive officer and executive director Teng Chee Wai said the new fund demonstrated its commitment to provide innovative solutions for investors.
“We are also targeting to ramp up our institutional business and are confident that despite market environment, a specialist credit product like the STDIF will be well received locally,” he said.
Teng said institutions and corporations are drawn to unit trust-based cash management products which could enable them to optimise their returns on existing cash by outperforming returns on existing deposit products.
“The additional benefit of performance stability and potentially higher yields will certainly be a key attraction for them,” he added.
STDIF would allocate 70% of its net asset value into an Australian registered managed investment scheme, the AMP Capital Structured High Yield Fund.
The AMP fund -- managed by an Australian specialist investment manager AMP Capital Investors Limited -- comprises of a diversified portfolio of high-yielding private debt assets (PDS). These PDS are ssued by mature global companies in stable infrastructure sectors like utilities and industrial logistics.
These features provide a high level of stability and reliability in terms of income yield as returns are not hinged on equity market movements.
The other 30% of its NAV would be invested in domestic cash and money market instruments, creating an optimal asset allocation balance.
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: HwangDBS Investment Management Bhd had on Thursday launched Steady Income Fund (STDIF) targeted at corporate and institutional investors.
The STDIF is the latest addition to its institutional/corporate suite of products and its first corporate feeder fund. It offers steady performance and potentially regular, high income yield.
HwangDBS Investment Management chief executive officer and executive director Teng Chee Wai said the new fund demonstrated its commitment to provide innovative solutions for investors.
“We are also targeting to ramp up our institutional business and are confident that despite market environment, a specialist credit product like the STDIF will be well received locally,” he said.
Teng said institutions and corporations are drawn to unit trust-based cash management products which could enable them to optimise their returns on existing cash by outperforming returns on existing deposit products.
“The additional benefit of performance stability and potentially higher yields will certainly be a key attraction for them,” he added.
STDIF would allocate 70% of its net asset value into an Australian registered managed investment scheme, the AMP Capital Structured High Yield Fund.
The AMP fund -- managed by an Australian specialist investment manager AMP Capital Investors Limited -- comprises of a diversified portfolio of high-yielding private debt assets (PDS). These PDS are ssued by mature global companies in stable infrastructure sectors like utilities and industrial logistics.
These features provide a high level of stability and reliability in terms of income yield as returns are not hinged on equity market movements.
The other 30% of its NAV would be invested in domestic cash and money market instruments, creating an optimal asset allocation balance.
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, July 25, 2008
HwangDBS declares payout for flagship fund
BusinessTimes
HWANGDBS Investment Management Bhd has declared an annual gross income distribution for its flagship fund - HwangDBS Select Opportunity Fund (SOF) at 10 sen per unit for the financial year ending July 31 2008.
This is the seventh distribution since its launch on September 7 2001, and final distribution for the financial period.
The fund, since its launch, has outperformed the KLCI by a total of 90.03 per cent and has distributed a total of 63 sen.
"Amid the falling market and slow economic growth locally and globally, HwangDBS Investment Management is pleased to be able to declare an income distribution for an equity fund such as SOF," chief executive officer and executive director Teng Chee Wai said in a statement.
Teng added that the second quarter of 2008 market outlook started off a better note as global equities generally rebounded strongly in April.
"However, sentiment remained fickle and equities consolidated over the subsequent months, wiping out almost all gains achieved in April, and proving that April's performance was merely a technical rebound from the lows recorded in March.
"Expectations are that politics will continue to dominate the local front and will weigh negatively on Malaysian equities until a clearer sign of stability is seen," he said.
HwangDBS Investment Management will continue to hold a defensive position with respect to the domestic equities and will retain a cash buffer to cushion the impact from any weakness seen in Malaysian equities, Teng 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.
HWANGDBS Investment Management Bhd has declared an annual gross income distribution for its flagship fund - HwangDBS Select Opportunity Fund (SOF) at 10 sen per unit for the financial year ending July 31 2008.
This is the seventh distribution since its launch on September 7 2001, and final distribution for the financial period.
The fund, since its launch, has outperformed the KLCI by a total of 90.03 per cent and has distributed a total of 63 sen.
"Amid the falling market and slow economic growth locally and globally, HwangDBS Investment Management is pleased to be able to declare an income distribution for an equity fund such as SOF," chief executive officer and executive director Teng Chee Wai said in a statement.
Teng added that the second quarter of 2008 market outlook started off a better note as global equities generally rebounded strongly in April.
"However, sentiment remained fickle and equities consolidated over the subsequent months, wiping out almost all gains achieved in April, and proving that April's performance was merely a technical rebound from the lows recorded in March.
"Expectations are that politics will continue to dominate the local front and will weigh negatively on Malaysian equities until a clearer sign of stability is seen," he said.
HwangDBS Investment Management will continue to hold a defensive position with respect to the domestic equities and will retain a cash buffer to cushion the impact from any weakness seen in Malaysian equities, Teng 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.
Tuesday, July 15, 2008
SC approves three Islamic fund licences
TheStar
KUALA LUMPUR: The Securities Commission has approved three new licences, to Kuwait Finance House, DBS Asset Management and CIMB-Principal Islamic Asset Management for the establishment of Islamic fund management companies in Malaysia.
It was also currently evaluating proposals from other leading fund management companies to establish Islamic fund management operations in Malaysia, the commission said in a statement yesterday.
Chairman Datuk Zarinah Anwar said the approval of these three companies would play a catalytic role in the internationalisation of our Islamic capital market.
Meanwhile, Kuwait Finance House (M) Bhd managing director Datuk K. Salman Younis said the group's fund management activities in the region would be consolidated through this platform.
He said the group was excited by the growth prospects that the Malaysian capital market was offering.
DBS Asset Management Ltd CEO Deborah Ho said: “We are pleased to leverage on our existing partnership with Hwang-DBS (M) to set up a dedicated Islamic fund management company.”
The new entity would structure and distribute Islamic asset management products across Asia via synergies with DBS and DBS’ Islamic Bank of Asia, she said, adding that the group was now awaiting the necessary regulatory approvals from the Monetary Authority of Singapore to set it up. – 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: The Securities Commission has approved three new licences, to Kuwait Finance House, DBS Asset Management and CIMB-Principal Islamic Asset Management for the establishment of Islamic fund management companies in Malaysia.
It was also currently evaluating proposals from other leading fund management companies to establish Islamic fund management operations in Malaysia, the commission said in a statement yesterday.
Chairman Datuk Zarinah Anwar said the approval of these three companies would play a catalytic role in the internationalisation of our Islamic capital market.
Meanwhile, Kuwait Finance House (M) Bhd managing director Datuk K. Salman Younis said the group's fund management activities in the region would be consolidated through this platform.
He said the group was excited by the growth prospects that the Malaysian capital market was offering.
DBS Asset Management Ltd CEO Deborah Ho said: “We are pleased to leverage on our existing partnership with Hwang-DBS (M) to set up a dedicated Islamic fund management company.”
The new entity would structure and distribute Islamic asset management products across Asia via synergies with DBS and DBS’ Islamic Bank of Asia, she said, adding that the group was now awaiting the necessary regulatory approvals from the Monetary Authority of Singapore to set it up. – 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, July 11, 2008
HwangDBS launches two new funds
TheStar
KUALA LUMPUR: The process of selling and bottoming out in global financial stocks will last for some time but a window of opportunity of about six to nine months has opened for investors, said DBS Asset Management Ltd senior portfolio manager and chief equities strategist Peter Chiang.
However, people who were interested in investing in this sector should not only look at equities, he said.
“They should also look at credit instruments, issued by these financial institutions,” he told reporters yesterday at the launch of HwangDBS Global Financials Capital Protected Fund (GFCP) and the HwangDBS Global Financial Institutions Fund (GFI).
Chiang felt that the kind of loans, and bonds financial institutions, especially those in the US, are issuing were very “rich” and attractive.
KUALA LUMPUR: The process of selling and bottoming out in global financial stocks will last for some time but a window of opportunity of about six to nine months has opened for investors, said DBS Asset Management Ltd senior portfolio manager and chief equities strategist Peter Chiang.
However, people who were interested in investing in this sector should not only look at equities, he said.
“They should also look at credit instruments, issued by these financial institutions,” he told reporters yesterday at the launch of HwangDBS Global Financials Capital Protected Fund (GFCP) and the HwangDBS Global Financial Institutions Fund (GFI).
Chiang felt that the kind of loans, and bonds financial institutions, especially those in the US, are issuing were very “rich” and attractive.
From left: Peter Chiang, HwangDBS investment Bank MD and head of investment banking group Lee Jim Leng, Teh Cheah May and Teng Chee Wai
“Some of these major US banks are issuing bonds with 8% yields per annum, which over 10 years will double your money, you will probably get capital appreciation as well,” he added.
The closed-ended capital protected GFCP is targeted at the risk-averse investor, while the GFI being an open-ended mixed security growth fund is aimed at more risk-tolerant investors.
The minimum initial investment for the GFCP is RM2, 000 and minimum additional investment is RM1,000. It has an approved fund size of 500 million units retailing at RM1 per unit during the offer period, which ends Aug 23.
The fund is available exclusively at all Malayan Banking Bhd (Maybank) outlets nationwide.
Meanwhile, the minimum initial investment for the GFI is RM1,000 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's target net asset value strategy allows early maturity of the fund, should it hit 60%, 80% or 100% returns on its initial capital invested during the third, fourth and fifth year respectively.
HwangDBS Investment Management Bhd chief executive officer and executive director Teng Chee Wai agreed that it might not yet be the bottom of the cycle for global financial stocks.
“We are entering maybe not the end of the financial (sector) bottom, but it is time now to begin to slowly average into the market,” he said.
On HwangDBS' net asset value target for the year, Teng said considering the challenging economic conditions, the asset house had a conservative target of reaching RM7bil by year-end from RM6.9bil as at June 30.
Fund distributor, Maybank executive vice president and head of wealth management and consumer banking Teh Cheah May said that she expected demand to be skewed more towards the capital protected 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.
Thursday, July 3, 2008
HwangDBS IM declares distributions
TheEdge
KUALA LUMPUR: HwangDBS Investment Management Bhd has declared an interim income distribution of 0.5 sen for HwangDBS Select Income Fund (SIF) and annual income distribution of 0.75 sen for the HwangDBS Select Bond Fund (SBF).
In a statement yesterday, HwangDBS IM said the distributions were for the period ended June 30, 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.
KUALA LUMPUR: HwangDBS Investment Management Bhd has declared an interim income distribution of 0.5 sen for HwangDBS Select Income Fund (SIF) and annual income distribution of 0.75 sen for the HwangDBS Select Bond Fund (SBF).
In a statement yesterday, HwangDBS IM said the distributions were for the period ended June 30, 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.
Friday, March 28, 2008
HwangDBS targets 6%–8% return from latest fund
TheStar
KUALA LUMPUR: HwangDBS Investment Management Bhd targets an annual return of 6% to 8% for its newly launched Asia Aspire Capital Protected Fund that invests in Australian treasury bills and 10 global brands.
Chief executive officer and executive director Teng Chee Wai said that in a bullish market, the fund would invest in these global brands that would benefit from rising consumer spending and affluence among the Asian middle-class.
“We hope to capitalise on the increasing affluence of Asia’s households and rising consumption of the middle-income class,” he said at the launch of the fund yesterday.
The investments would be made in companies involved in the financial services, luxury fashion, consumer electronics, motor vehicles and telecommunications sectors such as Apple, Nokia, Ping An Insurance, Standard Chartered Bank and Toyota.
KUALA LUMPUR: HwangDBS Investment Management Bhd targets an annual return of 6% to 8% for its newly launched Asia Aspire Capital Protected Fund that invests in Australian treasury bills and 10 global brands.
Chief executive officer and executive director Teng Chee Wai said that in a bullish market, the fund would invest in these global brands that would benefit from rising consumer spending and affluence among the Asian middle-class.
“We hope to capitalise on the increasing affluence of Asia’s households and rising consumption of the middle-income class,” he said at the launch of the fund yesterday.
The investments would be made in companies involved in the financial services, luxury fashion, consumer electronics, motor vehicles and telecommunications sectors such as Apple, Nokia, Ping An Insurance, Standard Chartered Bank and Toyota.
From left: HwangDBS Malaysia director Alex Hwang,Teng Chee Wai and Garry Frenklah, The Royal Bank of Scotland’s managing director of global banking and market
Teng said the fund would provide Malaysian investors with an opportunity to gain from Asia’s rising affluence and their increasing scale of discretionary spending.
In a bearish market, the fund will automatically switch to defensive assets – one-month Australian treasury bills – which have a yield of 7.6% a year.
The fund is available until May 10 at selected third-arty distributors, including ABN AMRO Bank Bhd, Affin Bank Bank Bhd, Alliance Bank Malaysia Bhd, AmPrivate Banking, CIMB Wealth Advisors Bhd, EON Bank Bhd, Hong Leong Bank Bhd, RHB Bank Bhd and Standard Chartered Bank (M) Bhd.
Teng also said HwangDBS hoped to launch five to six more funds this year.
The group currently manages 26 funds with a total value of RM6bil.
Wednesday, March 19, 2008
HwangDBS IM declares distribution for 2 global funds
TheEdge
KUALA LUMPUR: HwangDBS Investment Management Bhd has declared a final distribution of five sen and an interim distribution of 1.5 sen for two of its global feeder funds, the HwangDBS Global Opportunities Fund (GOF) and the HwangDBS Global Property Fund (GPF), for all registered unit holders as at Feb 28, 2008.
In a statement yesterday, HwangDBS IM said GOF’s distribution, the first since its launch on July 18, 2006, for the year ended Jan 31, 2008 translated into an 8.23% return on the net asset value per unit and all unit holders registered as at Feb 28, 2008 were eligible to receive the income allotment.
HwangDBS IM said GOF’s performance since its inception had been favourable having chartered a 28.28% growth, outperforming its MSCI World Free Index benchmark by 30.06%, which chartered a negative growth rate of 2.03%.
It said GPF’s third income distribution since its inception on April 19, 2006 of 1.5 sen translated into a 3.46% return. It said GPF outperformed its benchmark, the UBS Warburg Global Real Estate Investor Index, by 1.96% from April 2006 to April 2007.
“Amidst the weak macroeconomic sentiments, there may be less bad news in US macroeconomic outlook, at least in second half of 2008 onwards as some companies in the US are already well-positioned to navigate through the economic challenges; Coca-Cola and IBM posting better-than-expected profits from strong sales growth in the emerging markets, offsetting the domestic slowdown,” HwangDBS IM chief executive officer and executive director Teng Chee Wai said.
“Similarly the first-quarter profits of big US companies such as Apple Inc were better-than-expected, reporting the best quarterly revenue and earnings in Apple’s history on the strong resilient demand for its products such as the Mac, iPod and iPhone5,” he said.
“There are two points that I am trying to put forward — despite the overall market uncertainties in today’s global economy outlook, there is still some hope, as there are corporations in the economies that have strong management team with an eye to capture opportunities amidst uncertainties.”
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: HwangDBS Investment Management Bhd has declared a final distribution of five sen and an interim distribution of 1.5 sen for two of its global feeder funds, the HwangDBS Global Opportunities Fund (GOF) and the HwangDBS Global Property Fund (GPF), for all registered unit holders as at Feb 28, 2008.
In a statement yesterday, HwangDBS IM said GOF’s distribution, the first since its launch on July 18, 2006, for the year ended Jan 31, 2008 translated into an 8.23% return on the net asset value per unit and all unit holders registered as at Feb 28, 2008 were eligible to receive the income allotment.
HwangDBS IM said GOF’s performance since its inception had been favourable having chartered a 28.28% growth, outperforming its MSCI World Free Index benchmark by 30.06%, which chartered a negative growth rate of 2.03%.
It said GPF’s third income distribution since its inception on April 19, 2006 of 1.5 sen translated into a 3.46% return. It said GPF outperformed its benchmark, the UBS Warburg Global Real Estate Investor Index, by 1.96% from April 2006 to April 2007.
“Amidst the weak macroeconomic sentiments, there may be less bad news in US macroeconomic outlook, at least in second half of 2008 onwards as some companies in the US are already well-positioned to navigate through the economic challenges; Coca-Cola and IBM posting better-than-expected profits from strong sales growth in the emerging markets, offsetting the domestic slowdown,” HwangDBS IM chief executive officer and executive director Teng Chee Wai said.
“Similarly the first-quarter profits of big US companies such as Apple Inc were better-than-expected, reporting the best quarterly revenue and earnings in Apple’s history on the strong resilient demand for its products such as the Mac, iPod and iPhone5,” he said.
“There are two points that I am trying to put forward — despite the overall market uncertainties in today’s global economy outlook, there is still some hope, as there are corporations in the economies that have strong management team with an eye to capture opportunities amidst uncertainties.”
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, December 26, 2007
Prepare for unforeseen global shocks: HwangDBS
BusinessTimes
INVESTORS should be prepared for unforeseen shocks that could substantially threaten the robustness of the global economy in 2008, HwangDBS Investment Management Bhd (HwangDBS IM) chief executive officer and executive director Teng Chee Wai said.
He said the stage should be set for a weak US dollar to continue into next year, although he believes the Malaysian economy will be able to withstand external shocks including a recession in the US.
In a statement, Teng said the recent financial crisis has the potential to be a blessing in disguise for Asia and may present an opportunity for the region to showcase its resilience.
A dampened US economic outlook should increase the urgency within Asia to step up efforts to shift its growth dependency away from external demand, and to steer fiscal/monetary policies towards boosting demand.
This process should be facilitated by orderly adjustments in their undervalued currencies, stronger balance of payments and improved international liquidity positions. "With the US consumer encumbered by mortgage financing woes, the rise of the Asian consumer should attract the attention of foreign investors.
At the country level, it is the countries where domestic demand has been strongest - such as Singapore and Malaysia - where there has been the largest disconnect between the earnings cycle and the US economic cycle," he said.
HwangDBS IM recently launched its first performance-based fund, the HwangDBS Ascendur RIS 1 (HARIS1). Targeted at the mass affluent, the unique features of the fund are the lower sales charge or front-end fees of a maximum charge of two per cent as opposed to the four to six per cent characteristic of equity unit trust funds, as well as the performance attribute which allows the manager to levy a performance fee if HARIS1 exceeds the pre-determined minimum return benchmark at eight per cent per annum.
The launch of HARIS1 represents HwangDBS IM's eighth fund for 2007.Teng said the unique features challenge market convention but are necessary in the increasingly competitive marketplace.
"Managing absolute return mandates or funds is nothing new to HwangDBS IM. When we started out in 2001, it was a surprise to the industry when we set an absolute performance benchmark and included a fee on the performance as an incentive for the manager, in the event of positive performance."
Since then, such features have become more common but somewhat limited to the management of discretionary mandates. Our main objective in bringing such a fund to the local market is to plug the gap between the mass retail and such services by introducing a product targeted specifically at the mass affluent but with elements of a discretionary mandate.
"At the same time we aim to ensure that investors are able to potentially reap more meaningful returns because of the lower fees," Teng said.
HARIS1 will primarily invest in equity securities of developed and emerging markets globally. It may also invest in fixed income securities of developed markets or debt instruments.
HARIS1 has an approved size of 200 million units priced at RM0.50 per unit. The minimum initial investment sum is set at RM500,000 and the minimum additional investment is RM100,000. HARIS1 is a mixed securities and growth type fund targeted at medium to long-term investors who are risk tolerant and are seeking higher capital returns on their investments.
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.
INVESTORS should be prepared for unforeseen shocks that could substantially threaten the robustness of the global economy in 2008, HwangDBS Investment Management Bhd (HwangDBS IM) chief executive officer and executive director Teng Chee Wai said.
He said the stage should be set for a weak US dollar to continue into next year, although he believes the Malaysian economy will be able to withstand external shocks including a recession in the US.
In a statement, Teng said the recent financial crisis has the potential to be a blessing in disguise for Asia and may present an opportunity for the region to showcase its resilience.
A dampened US economic outlook should increase the urgency within Asia to step up efforts to shift its growth dependency away from external demand, and to steer fiscal/monetary policies towards boosting demand.
This process should be facilitated by orderly adjustments in their undervalued currencies, stronger balance of payments and improved international liquidity positions. "With the US consumer encumbered by mortgage financing woes, the rise of the Asian consumer should attract the attention of foreign investors.
At the country level, it is the countries where domestic demand has been strongest - such as Singapore and Malaysia - where there has been the largest disconnect between the earnings cycle and the US economic cycle," he said.
HwangDBS IM recently launched its first performance-based fund, the HwangDBS Ascendur RIS 1 (HARIS1). Targeted at the mass affluent, the unique features of the fund are the lower sales charge or front-end fees of a maximum charge of two per cent as opposed to the four to six per cent characteristic of equity unit trust funds, as well as the performance attribute which allows the manager to levy a performance fee if HARIS1 exceeds the pre-determined minimum return benchmark at eight per cent per annum.
The launch of HARIS1 represents HwangDBS IM's eighth fund for 2007.Teng said the unique features challenge market convention but are necessary in the increasingly competitive marketplace.
"Managing absolute return mandates or funds is nothing new to HwangDBS IM. When we started out in 2001, it was a surprise to the industry when we set an absolute performance benchmark and included a fee on the performance as an incentive for the manager, in the event of positive performance."
Since then, such features have become more common but somewhat limited to the management of discretionary mandates. Our main objective in bringing such a fund to the local market is to plug the gap between the mass retail and such services by introducing a product targeted specifically at the mass affluent but with elements of a discretionary mandate.
"At the same time we aim to ensure that investors are able to potentially reap more meaningful returns because of the lower fees," Teng said.
HARIS1 will primarily invest in equity securities of developed and emerging markets globally. It may also invest in fixed income securities of developed markets or debt instruments.
HARIS1 has an approved size of 200 million units priced at RM0.50 per unit. The minimum initial investment sum is set at RM500,000 and the minimum additional investment is RM100,000. HARIS1 is a mixed securities and growth type fund targeted at medium to long-term investors who are risk tolerant and are seeking higher capital returns on their investments.
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 19, 2007
HwangDBS targets returns of up to 12pc for new fund
BusinessTimes
HWANGDBS Investment Management Bhd is targeting annual returns of up to 12 per cent for its newly-launched Environmental Opportunities Fund (EOF).
The global equities growth fund is the first in the country that focuses on green investments, in particular renewable energies, water and waste management. The fund offers the opportunity to benefit from Sustainable and Responsible Investments (SRI) which in the last 20 years has drawn more than US$4 trillion (RM14 trillion).
Its chief executive officer and executive director, Teng Chee Wai, said the fund is targeted at risk-tolerant investors seeking to diversify their investments.
The fund's objective, said Teng, is to achieve capital appreciation over the time horizon by investing globally in companies involved in environmental markets.
EOF is externally managed by BNP Paribas Asset Management that manages 7 billion SRI funds via 20 open ended funds.According to BNP Paribas Head of Sustainable/Responsible Investment, Eric Borremans, EOF will invest in diversified companies each with a market cap of 500 million and that are active in one or several environmental markets.
About 75 per cent of the fund will be invested in Europe and North American markets. EOF has an approved size of 600 million units at 50 sen a unit. The minimum initial investment is RM1,000.
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.
HWANGDBS Investment Management Bhd is targeting annual returns of up to 12 per cent for its newly-launched Environmental Opportunities Fund (EOF).
The global equities growth fund is the first in the country that focuses on green investments, in particular renewable energies, water and waste management. The fund offers the opportunity to benefit from Sustainable and Responsible Investments (SRI) which in the last 20 years has drawn more than US$4 trillion (RM14 trillion).
Its chief executive officer and executive director, Teng Chee Wai, said the fund is targeted at risk-tolerant investors seeking to diversify their investments.
The fund's objective, said Teng, is to achieve capital appreciation over the time horizon by investing globally in companies involved in environmental markets.
EOF is externally managed by BNP Paribas Asset Management that manages 7 billion SRI funds via 20 open ended funds.According to BNP Paribas Head of Sustainable/Responsible Investment, Eric Borremans, EOF will invest in diversified companies each with a market cap of 500 million and that are active in one or several environmental markets.
About 75 per cent of the fund will be invested in Europe and North American markets. EOF has an approved size of 600 million units at 50 sen a unit. The minimum initial investment is RM1,000.
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.
Subscribe to:
Posts (Atom)