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.
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