TheStar
KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd has launched a new theme-based equity fund, OKS-UOB Thematic Growth fund, which aims to give returns exceeding 8% per annum.
“The thematic approach offers flexible investment strategy that focuses on generating positive return, under all market conditions.
“It also offers the flexibility of switching between equity and fixed income, with minimum market benchmark constraints,” CEO Ho Seng Yee said at the launch yesterday.
Ho said the fund, which was relevant to today's global market conditions, would invest on a 70:25:5 ratio in equities of Malaysian companies identified to be benefiting from the evolving domestic and global trends, fixed-income securities, and cash.
A 50:50 ratio will be allocated to high-growth themes such as Ninth Malaysia Plan (9MP) and oil and gas, and themes providing steady returns such as consumption and capital management.
“Our strategy is to identify the themes from the evolving domestic and global trends in its early phrase to capitalise on the growth.
“The current themes include beneficiaries of the 9MP, growth corridors, capital management, property, oil and gas, commodities, mergers & acquisitions, and consumption plays,” Ho said, adding that the fund would focus on a minimum of three themes.
“The fund is aimed at investors who want medium- to long-term capital appreciation through investments in securities of Malaysian companies that will benefit from evolving domestic and global trends,” he added.
The fund has an approved size of 800 million units (RM200mil), and an initial unit price of 25 sen. It is available from Sept 26 to Oct 16 at the initial minimum investment of RM1,000.
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