TheEdge
KUALA LUMPUR: iFAST Capital Sdn Bhd, a joint venture between OSK Investment Bank Bhd and Singapore's iFAST Corporation Pte Ltd, launched the Fundsupermart.com All-Equity Fund Index (FEFI) yesterday.
It is the first index in Malaysia that tracks returns of unit trust funds, acting as a barometer of equity unit trusts' performance here. OSK Investment Bank holds 49% of the joint venture, while iFAST Corp owns the remaining 51%.
Speaking at the launch yesterday, Fundsupermart.com Malaysia and Singapore general manager Wong Sui Jau said up until now investors commonly looked at other indices to monitor the status of the stock market.
"Although these indices mirror the overall situation of the market, they are not specifically designed to provide up-to-date information of unit trusts in Malaysia.
"The launch of FEFI is well-timed in these recessionary times. We welcome FEFI because it encourages investors to plan for the future and take charge of their investments," he said.
FEFI provides investors with a measurement of the aggregate performance of all unique equity funds available to investors on FSM (www.fundsupermart.com).
Wong said there were currently 44 equity funds on the index, and FSM intended to increase this progressively.
The index will be calculated on a daily basis, with the level and the corresponding date displayed on the website.
The website also features a three-month historical index levels, a one-year performance chart and a monthly update on index performance. FEFI is currently available in Singapore, Hong Kong and Malaysia.
Wong said unlike most equity market indices, it was not asset weighted, meaning that returns for a fund with smaller fund size would have the same impact on the index as another fund with a larger fund size.
"The index return thus reflects the mean return of the underlying funds on an equally-weighted basis," he said.
He said the index would be reviewed twice a year (on June 30 and Dec 31) to incorporate funds that had been newly added to the platform. On the selection criteria, he said the funds must be open ended and must have a daily net asset value available.
Wong also said FSM planned to launch a bond fund index within the next few months.
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 OSK-UOB. Show all posts
Showing posts with label OSK-UOB. Show all posts
Wednesday, March 18, 2009
Thursday, January 8, 2009
OSK-UOB plans 7 more funds
TheStar
KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd, which unveiled its first fund of the year yesterday, is looking to launch seven more funds this year and is aiming for an 18% to 20% expansion in its total fund size.
Chief executive officer Ho Seng Yee said OSK-UOB hoped to launch more capital-protected funds in the first half of this year and gradually introduce equity-linked funds in the second half on expectations financial markets would rebound in the latter part of the year.
With a fund size of RM3.1bil under management now, Ho said the company hoped to grow its fund size to between RM3.6bil and RM3.7bil by year-end.
Its fund size shrank to RM3bil by the end of last year from RM3.9bil in early 2008.
“We are quite happy if we can achieve 18% to 20% growth in fund size by year-end,” Ho said after launching the OSK-UOB Capital Protected KLCI Advantage Fund, its first fund this year.
Although economists have estimated the country’s gross domestic product (GDP) growth at around 1% to 3%, Ho said he believed the financial markets would gradually recover in the second half or by the fourth quarter when the effects of worldwide stimulus packages kicked in.
“We hope to launch more capital-preserved and easier to understand funds, such as this one,” he said, referring to the OSK-UOB Capital Protected KLCI Advantage Fund.
“Investors who are familiar with KL Composite Index (KLCI) will find this (fund) close to their hearts and gradually regain their confidence.”
The OSK-UOB Capital Protected KLCI Advantage Fund is a two-year closed-end fund linked to the KLCI that offers investors protection of their capital.
“We expect the KLCI to stay within 850 to 950 points,” Ho said.
The fund’s principal strategy is to invest 90% to 97% of the capital raised in primarily a two-year zero coupon negotiable deposit instrument, and up to 10% in over-the-counter options issued on the KLCI, he said.
The options might yield a potential maximum return of 17% per annum, Ho said.
“Up to next year, we expect to see KLCI intermittently trending lethargically up and down. Hence this fund will offer investors opportunity to capitalise on the interplay of the upside potential and downside risks of the KLCI,” 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: OSK-UOB Unit Trust Management Bhd, which unveiled its first fund of the year yesterday, is looking to launch seven more funds this year and is aiming for an 18% to 20% expansion in its total fund size.
Chief executive officer Ho Seng Yee said OSK-UOB hoped to launch more capital-protected funds in the first half of this year and gradually introduce equity-linked funds in the second half on expectations financial markets would rebound in the latter part of the year.
With a fund size of RM3.1bil under management now, Ho said the company hoped to grow its fund size to between RM3.6bil and RM3.7bil by year-end.
Its fund size shrank to RM3bil by the end of last year from RM3.9bil in early 2008.
“We are quite happy if we can achieve 18% to 20% growth in fund size by year-end,” Ho said after launching the OSK-UOB Capital Protected KLCI Advantage Fund, its first fund this year.
Although economists have estimated the country’s gross domestic product (GDP) growth at around 1% to 3%, Ho said he believed the financial markets would gradually recover in the second half or by the fourth quarter when the effects of worldwide stimulus packages kicked in.
“We hope to launch more capital-preserved and easier to understand funds, such as this one,” he said, referring to the OSK-UOB Capital Protected KLCI Advantage Fund.
“Investors who are familiar with KL Composite Index (KLCI) will find this (fund) close to their hearts and gradually regain their confidence.”
The OSK-UOB Capital Protected KLCI Advantage Fund is a two-year closed-end fund linked to the KLCI that offers investors protection of their capital.
“We expect the KLCI to stay within 850 to 950 points,” Ho said.
The fund’s principal strategy is to invest 90% to 97% of the capital raised in primarily a two-year zero coupon negotiable deposit instrument, and up to 10% in over-the-counter options issued on the KLCI, he said.
The options might yield a potential maximum return of 17% per annum, Ho said.
“Up to next year, we expect to see KLCI intermittently trending lethargically up and down. Hence this fund will offer investors opportunity to capitalise on the interplay of the upside potential and downside risks of the KLCI,” 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.
Friday, August 8, 2008
OSK-UOB targets 9% returns for new fund
TheStar
KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd has teamed up with JP Morgan Securities (Asia Pacific) Ltd to launch the OSK-UOB Income Alpha Fund for which they are targeting 8% to 9% in net returns yearly.
OSK-UOB chief executive director Ho Seng Yee said they hoped to attract RM200mil in investments from investors with low to medium risk tolerance.
“Malaysians are generally risk averse and in these uncertain times, some investors may be keen to diversify some of their investment into less risky asset class,” he said at the launch yesterday.
Ho said the fund was suitable for investors who wanted to preserve their capital and wanted returns that were above the prevailing inflation rate.
The inflation rate in June rose to a 26-year high of 7.7%, fuelled by the hike in petrol and diesel prices.
Ho said investors could expect income distribution from the fund semi-annually.
The fund’s main strategy is to invest 90% of its net asset value in ringgit-denominated short-term fixed income securities and the remaining 10% in derivatives in the JP Morgan Yield Alpha 8 Index with exposure in Britain, Europe, Japan, the US and the G10 countries.
The Alpha 8 Index would invest in bonds, foreign currencies and also equities.
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: OSK-UOB Unit Trust Management Bhd has teamed up with JP Morgan Securities (Asia Pacific) Ltd to launch the OSK-UOB Income Alpha Fund for which they are targeting 8% to 9% in net returns yearly.
OSK-UOB chief executive director Ho Seng Yee said they hoped to attract RM200mil in investments from investors with low to medium risk tolerance.
“Malaysians are generally risk averse and in these uncertain times, some investors may be keen to diversify some of their investment into less risky asset class,” he said at the launch yesterday.
Ho said the fund was suitable for investors who wanted to preserve their capital and wanted returns that were above the prevailing inflation rate.
The inflation rate in June rose to a 26-year high of 7.7%, fuelled by the hike in petrol and diesel prices.
Ho said investors could expect income distribution from the fund semi-annually.
The fund’s main strategy is to invest 90% of its net asset value in ringgit-denominated short-term fixed income securities and the remaining 10% in derivatives in the JP Morgan Yield Alpha 8 Index with exposure in Britain, Europe, Japan, the US and the G10 countries.
The Alpha 8 Index would invest in bonds, foreign currencies and also equities.
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, August 1, 2008
OSK-UOB confident of 6% returns from new fund
TheStar
KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd expects its latest product, the OSK-UOB Capital Protected Equity Fund, to yield potential annual returns of 6% to 8%.
Chief investment officer Jason Chong said the three-year closed-end fund would provide capital appreciation over the medium term and refund the initial investment on maturity.
“We are in the midst of a slowdown, and in this period of uncertainty, sectors such as airline and petrochemical will do well. Investing in general offers is also considered a safe bet based on the absolute performance of the market,” he told reporters at the launch yesterday.
The fund’s principal strategy is to invest 85% to 100% of the capital raised in a three-year zero coupon negotiable instrument of deposit to protect the fund’s capital. The remainder will be invested in equities and/or derivatives of companies with strong underlying growth potential.
“We will adopt an absolute performance strategy. For example, once the stock goes up by 15% to 20%, we will sell,” Chong said.
The fund has an approved size of 200 million units at an initial price of RM1 per unit.
The minimum initial investment is RM5,000 and the subsequent minimum top-up is RM1,000.
Asked on OSK’s view of the world markets, Chong said that for OSK’s global asset allocation, it was currently underweight on equities in general. In terms of country allocation, it is neutral on the US, underweight on Europe and overweight on Asian markets.
He also said fund managers expected the overnight policy rate to be raised by 25 to 50 basis points by the end of this year.
“Currently, the Asian market ex-Japan is trading at a price-earnings ratio of 12.4 times. When the market valuation is cheap, there is a lot of opportunity. That’s why we think it’s a good time to launch this fund,” Chong 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: OSK-UOB Unit Trust Management Bhd expects its latest product, the OSK-UOB Capital Protected Equity Fund, to yield potential annual returns of 6% to 8%.
Chief investment officer Jason Chong said the three-year closed-end fund would provide capital appreciation over the medium term and refund the initial investment on maturity.
“We are in the midst of a slowdown, and in this period of uncertainty, sectors such as airline and petrochemical will do well. Investing in general offers is also considered a safe bet based on the absolute performance of the market,” he told reporters at the launch yesterday.
The fund’s principal strategy is to invest 85% to 100% of the capital raised in a three-year zero coupon negotiable instrument of deposit to protect the fund’s capital. The remainder will be invested in equities and/or derivatives of companies with strong underlying growth potential.
“We will adopt an absolute performance strategy. For example, once the stock goes up by 15% to 20%, we will sell,” Chong said.
The fund has an approved size of 200 million units at an initial price of RM1 per unit.
The minimum initial investment is RM5,000 and the subsequent minimum top-up is RM1,000.
Asked on OSK’s view of the world markets, Chong said that for OSK’s global asset allocation, it was currently underweight on equities in general. In terms of country allocation, it is neutral on the US, underweight on Europe and overweight on Asian markets.
He also said fund managers expected the overnight policy rate to be raised by 25 to 50 basis points by the end of this year.
“Currently, the Asian market ex-Japan is trading at a price-earnings ratio of 12.4 times. When the market valuation is cheap, there is a lot of opportunity. That’s why we think it’s a good time to launch this fund,” Chong 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.
Thursday, June 12, 2008
OSK-UOB fund that invests in global banks
BusinessTimes
OSK-UOB Unit Trust Management Bhd has launched a fund that will invest in leading global banks as it believes that the worst of the subprime crisis is over.
The OSK-UOB Global Capital Fund, which will invest up to 95 per cent of its net asset value in United Global Capital Fund (UGCF), could provide annualised returns of up to 20 per cent, its top official said.
"The market for the financial services sector has more or less bottomed out. There are more opportunities in global banks in emerging markets," OSK-UOB chief executive Ho Seng Yee said at a launch ceremony in Kuala Lumpur yesterday.
UGCF is managed by Singapore's UOB Asset Management Ltd.
Its top holdings include US banks like Citigroup Inc, US Bancorp, and Bank of America as well as Britain's Barclays and HSBC.
"We are looking at the global market, equity and financial sector. We feel the market has a value and this is the focus time for us to launch the fund," Ho said.
Also present were UOB executive director John J. Doyle III and UOB-OSK Asset Management Sdn Bhd executive director Lim Suet Ling.
The OSK-UOB Fund has an approved size of 400 million units, priced at 50 sen each during the offer period, which runs until July 1. The initial investment amount is RM1,000.
"I think the fund should be fully subscribed within the next one or two months, after which, I would think to double it up to 800 units," said Ho.
Lim added that the fund, an open-ended one, could exceed RM1 billion, factoring in expected demand from investors as it invests in global banks.
"It is a high-risk fund as it's a full-equity fund focusing on one sector. We think the fund can grow because we are looking at world banks," she 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.
OSK-UOB Unit Trust Management Bhd has launched a fund that will invest in leading global banks as it believes that the worst of the subprime crisis is over.
The OSK-UOB Global Capital Fund, which will invest up to 95 per cent of its net asset value in United Global Capital Fund (UGCF), could provide annualised returns of up to 20 per cent, its top official said.
"The market for the financial services sector has more or less bottomed out. There are more opportunities in global banks in emerging markets," OSK-UOB chief executive Ho Seng Yee said at a launch ceremony in Kuala Lumpur yesterday.UGCF is managed by Singapore's UOB Asset Management Ltd.
Its top holdings include US banks like Citigroup Inc, US Bancorp, and Bank of America as well as Britain's Barclays and HSBC.
"We are looking at the global market, equity and financial sector. We feel the market has a value and this is the focus time for us to launch the fund," Ho said.
Also present were UOB executive director John J. Doyle III and UOB-OSK Asset Management Sdn Bhd executive director Lim Suet Ling.
The OSK-UOB Fund has an approved size of 400 million units, priced at 50 sen each during the offer period, which runs until July 1. The initial investment amount is RM1,000.
"I think the fund should be fully subscribed within the next one or two months, after which, I would think to double it up to 800 units," said Ho.
Lim added that the fund, an open-ended one, could exceed RM1 billion, factoring in expected demand from investors as it invests in global banks.
"It is a high-risk fund as it's a full-equity fund focusing on one sector. We think the fund can grow because we are looking at world banks," she 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.
Friday, May 9, 2008
OSK-UOB eyes 15%-23% return from new fund
KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd is confident that its latest product, the OSK-UOB Capital Protected Gold-Linked Fund, will yield potential annual returns of 15% to 23%.
Executive director cum chief executive officer Ho Seng Yee said the three-year closed-end capital protected fund aimed to provide regular income over the medium term from rising gold prices whilst protecting investors’ capital at the end of the fund’s maturity period.
“In these uncertain times, when economies around the world are still reeling from the impact of the US subprime mortgage crisis and rising oil prices, a commodity like gold would act as a safe haven for investors’ hard-earned money,” he told reporters at the launch yesterday.
The fund’s principal strategy is to invest 87% to 100% of the capital raised in a three-year zero coupon negotiable instrument of deposit to protect the fund's capital and the remainder of up to 10% of the capital raised in over-the-counter options issued on a gold index, JP Morgan Gold Excess Return Index, to generate the returns.
“The options are purchased from JP Morgan Chase Bank (London branch) and has a participation rate of 100%,” Ho said.
He said fund managers expected gold prices to appreciate in the short to medium term due to the increasing demand for gold, particularly from China and India while the weakness in the US dollar might lead to central banks, especially the ones in Asia, diversifying from the dollar and increasing their gold reserves.
“The weak dollar also favours investments in gold as it is negatively correlated to the greenback, hence it could be the prime beneficiary as a result of the structural weakness in the US economy.
“And with the recent turmoil in oil and food prices, which inevitably induce inflationary pressures, gold comes into play again as it is traditionally a hedge against inflation,” Ho added.
The fund has an approved size of 200 million units at an initial price of RM1 per unit.
The minimum initial investment amount is RM5,000 and the subsequent minimum top-up is RM1,000.
The company is targeting to increase the funds under management to RM5bil from over RM3.7bil currently with the launch of five new products this year.
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.
Executive director cum chief executive officer Ho Seng Yee said the three-year closed-end capital protected fund aimed to provide regular income over the medium term from rising gold prices whilst protecting investors’ capital at the end of the fund’s maturity period.
“In these uncertain times, when economies around the world are still reeling from the impact of the US subprime mortgage crisis and rising oil prices, a commodity like gold would act as a safe haven for investors’ hard-earned money,” he told reporters at the launch yesterday.
The fund’s principal strategy is to invest 87% to 100% of the capital raised in a three-year zero coupon negotiable instrument of deposit to protect the fund's capital and the remainder of up to 10% of the capital raised in over-the-counter options issued on a gold index, JP Morgan Gold Excess Return Index, to generate the returns.
“The options are purchased from JP Morgan Chase Bank (London branch) and has a participation rate of 100%,” Ho said.
He said fund managers expected gold prices to appreciate in the short to medium term due to the increasing demand for gold, particularly from China and India while the weakness in the US dollar might lead to central banks, especially the ones in Asia, diversifying from the dollar and increasing their gold reserves.
“The weak dollar also favours investments in gold as it is negatively correlated to the greenback, hence it could be the prime beneficiary as a result of the structural weakness in the US economy.
“And with the recent turmoil in oil and food prices, which inevitably induce inflationary pressures, gold comes into play again as it is traditionally a hedge against inflation,” Ho added.
The fund has an approved size of 200 million units at an initial price of RM1 per unit.
The minimum initial investment amount is RM5,000 and the subsequent minimum top-up is RM1,000.
The company is targeting to increase the funds under management to RM5bil from over RM3.7bil currently with the launch of five new products this year.
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, April 23, 2008
OSK-UOB declares distributions for five funds
TheEdge
KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd (OSK-UOB) has declared distributions of between 0.1775 sen and 10.4710 sen per unit for five of its funds.
In a statement yesterday, OSK-UOB said for the six months to March 31, 2008, it declared a gross distribution of 5.5201 sen per unit for OSK-UOB Smart Treasure Fund and 5.6784 sen per unit for OSK-UOB Smart Balanced Fund giving investors a yield of 6.0% and 6.9%, respectively.
For the 10 months to March 31, 2008, OSK-UOB declared a gross distribution of nine sen per unit for OSK-UOB KidSave Trust and 10.4710 sen per unit for OSK-UOB Emerging Opportunity Unit Trust, giving yields of 13.5% and 12.9%, respectively.
It also declared a final net distribution of 0.1775 sen per unit for its OSK-UOB Institutional Islamic Money Market Fund bringing the total paid out to 1.8095 sen per unit for the five to March 31, equivalent to a yield of 4.34% per annum.
OSK-UOB chief executive officer Ho Seng Yee said: “Moving forward, we are confident that we will continue to provide our investors with a consistent and regular stream of distributions in the coming year, including for our other funds under our management”.
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: OSK-UOB Unit Trust Management Bhd (OSK-UOB) has declared distributions of between 0.1775 sen and 10.4710 sen per unit for five of its funds.
In a statement yesterday, OSK-UOB said for the six months to March 31, 2008, it declared a gross distribution of 5.5201 sen per unit for OSK-UOB Smart Treasure Fund and 5.6784 sen per unit for OSK-UOB Smart Balanced Fund giving investors a yield of 6.0% and 6.9%, respectively.
For the 10 months to March 31, 2008, OSK-UOB declared a gross distribution of nine sen per unit for OSK-UOB KidSave Trust and 10.4710 sen per unit for OSK-UOB Emerging Opportunity Unit Trust, giving yields of 13.5% and 12.9%, respectively.
It also declared a final net distribution of 0.1775 sen per unit for its OSK-UOB Institutional Islamic Money Market Fund bringing the total paid out to 1.8095 sen per unit for the five to March 31, equivalent to a yield of 4.34% per annum.
OSK-UOB chief executive officer Ho Seng Yee said: “Moving forward, we are confident that we will continue to provide our investors with a consistent and regular stream of distributions in the coming year, including for our other funds under our management”.
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, March 6, 2008
OSK-UOB to ease up on equity products this year
TheEdge
KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd is trimming its bets on equities this year but will boost exposure in other asset classes such as bonds to safeguard its portfolio of more than 30 funds amid a volatile global investment landscape.
While still optimistic on the Malaysian capital markets, the firm is also planning to embark on more overseas-oriented schemes this year to widen its investment scope, and introduce a new Islamic unit trust fund.
“Our direction is more on conservative funds that give investors lower volatility,” OSK-UOB executive director and chief executive officer Ho Seng Yee told reporters here yesterday after the launch of the “OSK-UOB Malaysia Dividend Fund.”
With the latest fund, OSK-UOB has 34 offerings, 47% or 16 of which are equity products, its website shows.
From left: UOB-OSK Asset Management Sdn Bhd executive director/CEO Lim Suet Ling, chief investment officer Jason Chong and OSK-UOB Unit Trust Management Bhd executive director and chief executive officer Ho Seng Yee at the launch of the OSK-UOB Malaysia Dividend Fund in Kuala Lumpur yesterday.
Global anticipation of the US sinking into a recession is triggering concerns that the world’s largest economy will import fewer products from Asian countries including Malaysia.“We are positive on Malaysian equities. Malaysia can be viewed as a safe haven by investors during times of uncertainties. Both the economy and stock market are somewhat insulated from global shocks,” said Ho, who is a council member of the Federation of Malaysian Unit Trust Managers, which represents 69 unit trust players.
“Reports have shown that 86% of Malaysia’s gross domestic product (GDP) is derived from domestic demand, more than 90% of 2008 projected GDP growth of 6%-6.5% is expected to come from domestic demand growth and 77% of stocks by market capitalisation on Bursa Malaysia comprise domestic oriented companies,” Ho said.
Lipper head of research for Asia (excluding Japan), Kenneth Koh, said: “Malaysia is also being increasingly touted for its defensive qualities, although if January’s wild swings are any indication, increased stock market volatility will be the norm going forward.”
Meanwhile, the OSK-UOB Malaysia Dividend Fund, will invest at least 70% of its net asset value (NAV) in growth, and high-dividend yielding stocks on the local exchange to achieve expected annual returns of up to 14%, said Ho.
The 14% yearly gains were computed based on a forecast 10% capital gain, and 4% dividend yield via a relatively defensive portfolio including shares of gaming, telecommunication, and tobacco companies.
At 25 sen apiece, the open-ended 1.2 billion unit trust fund translates into a RM300 million scheme which will also park up to 30% of investors’ money in other instruments such as bonds, and the money market.
OSK-UOB posted a net profit of RM5.4 million on an operating revenue of RM71.2 million in the six months to June 30, 2007 versus RM5.6 million net profit and RM66.2 million revenue in the full year ended Dec 31, 2006, according to the Malaysia Dividend Fund prospectus.
OSK-UOB, 70%-30% owned by OSK Investment Bank Bhd and United Overseas Bank (Malaysia) Bhd, plans to launch some 10 new unit trust funds this year to expand its fund size by about 25% to RM5 billion from about RM4 billion last year.
According to the Securities Commission, as at last Jan 31, Malaysia had 531 approved unit trust funds with a combined NAV of RM170.02 billion which accounted for 16% of Bursa Malaysia’s RM1,057.33 billion market capitalisation.
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, January 9, 2008
Asian equity markets expected to rise this year
TheStar
KUALA LUMPUR: The outlook for the Asian equity markets remains attractive and these markets are expected to rise further this year despite the sub-prime mortgage issue in the United States.
UOB Asset Management Ltd (UOBAM) senior director Colin Ng said Asia would continue to be the fastest growing region in the world as its emerging markets liberalised and new companies emerged.
“(Asia's) low cost structure will play an important role in the global outsourcing trend among multinational companies,” the Singapore-based Ng said in his presentation on Asia Growth Opportunities at the launch of OSK-UOB Asian Growth Opportunities Fund by OSK-UOB Unit Trust Management Bhd - a unit of OSK Investment Bank Bhd - yesterday.
Ng said infrastructure spending in developing markets was expected to reach US$3 trillion in the next 10 years with China, India and Indonesia projected to spend about US$654bil over the next five years.
The World Bank estimates that a 1% increase in infrastructure investment would translate into a 1% increase in gross domestic product.
On the decoupling of Asian markets from the US market since last year, Ng said various Asian economies continued to register strong domestic demand while companies were reporting good corporate earnings.
Asian markets, he said were also trading at reasonable valuations.
On the newly launched fund, OSK-UOB Unit Trust Management chief executive officer Ho Seng Yee said the fund aimed to achieve long-term capital growth by investing in mid- to small-cap stocks and stocks-related securities in the Asia Pacific region excluding Japan.
It is being offered at a unit price of 50 sen with an initial minimum investment of RM1,000. The offer period ends on Jan 28.
It is a feeder fund that invests up to 98% of its net asset value in United Asian Growth Opportunities Fund (UAGOF) managed by UOBAM.
“UAGOF has superior track record since its inception three years ago with winners (stocks) in its portfolio, including KNM Group Bhd, Singapore-based Epure International Ltd and Hong Kong-based Shangdong Weigao Group Medical Polymer Ltd,” he said
Earlier, Ng said under researched companies that were “small in size but big on potential” could grow much faster than large cap companies.
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 outlook for the Asian equity markets remains attractive and these markets are expected to rise further this year despite the sub-prime mortgage issue in the United States.
UOB Asset Management Ltd (UOBAM) senior director Colin Ng said Asia would continue to be the fastest growing region in the world as its emerging markets liberalised and new companies emerged.
“(Asia's) low cost structure will play an important role in the global outsourcing trend among multinational companies,” the Singapore-based Ng said in his presentation on Asia Growth Opportunities at the launch of OSK-UOB Asian Growth Opportunities Fund by OSK-UOB Unit Trust Management Bhd - a unit of OSK Investment Bank Bhd - yesterday.
Ng said infrastructure spending in developing markets was expected to reach US$3 trillion in the next 10 years with China, India and Indonesia projected to spend about US$654bil over the next five years.
The World Bank estimates that a 1% increase in infrastructure investment would translate into a 1% increase in gross domestic product.
On the decoupling of Asian markets from the US market since last year, Ng said various Asian economies continued to register strong domestic demand while companies were reporting good corporate earnings.
Asian markets, he said were also trading at reasonable valuations.
On the newly launched fund, OSK-UOB Unit Trust Management chief executive officer Ho Seng Yee said the fund aimed to achieve long-term capital growth by investing in mid- to small-cap stocks and stocks-related securities in the Asia Pacific region excluding Japan.
It is being offered at a unit price of 50 sen with an initial minimum investment of RM1,000. The offer period ends on Jan 28.
It is a feeder fund that invests up to 98% of its net asset value in United Asian Growth Opportunities Fund (UAGOF) managed by UOBAM.
“UAGOF has superior track record since its inception three years ago with winners (stocks) in its portfolio, including KNM Group Bhd, Singapore-based Epure International Ltd and Hong Kong-based Shangdong Weigao Group Medical Polymer Ltd,” he said
Earlier, Ng said under researched companies that were “small in size but big on potential” could grow much faster than large cap companies.
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
OSK-UOB Golden Dragon fund ups size to 2b units
TheEdge
KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd has increased the size of its fund, OSK-UOB Golden Dragon Fund to two billion units following strong and consistent demand for its units since its launch in May last year.
The initial units then offered for subscription was 400 million units. This recent increase in its fund size is the Fund’s fifth such exercise, it said yesterday.
“To-date, we have sold 1.4 billion units. This increase is again required to meet the steady and constant applications for its units,” said the fund’s chief executive officer Ho Seng Yee.
Ho said in the past month, the fund manager distributed a gross distribution of 6.5 sen per unit, or a dividend yield of 12.20% for an investment period of about six months.
The Golden Dragon Fund capitalises on the tremendous growth opportunities of the equity markets of China, Hong Kong and Taiwan.
The fund manager said the fund’s investment strategy allowed asset allocations in equities and fixed income securities on a 70/30 ratio which could be reversed based on prevailing investment conditions.
OSK-UOB Unit Trust Management also declared distributions for five of its funds for the financial year/period ended Dec 31, 2007.
It declared a gross distribution of 14.7595 sen per unit for OSK-UOB Equity Trust, 16.3722 sen per unit for OSK-UOB Growth and Income Focus Fund (GIFT); 6.7131 sen per unit for OSK-UOB Asia Pacific Fund; 6.4688 sen per unit for OSK-UOB Money Market Fund, and 2.4980 sen per unit (interim distribution) for OSK-UOB Global Equity Yield Fund.
Ho said the Equity Trust, GIFT Fund, Asia Pacific Fund and the Money Market Fund generated yields of 17.35%, 21.24%, 12.93% and 6.21% respectively for the financial year ended Dec 31, 2007.
The Global Equity Yield Fund for the six-month period ended Dec 31, 2007, registered a yield of 4.78%.
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: OSK-UOB Unit Trust Management Bhd has increased the size of its fund, OSK-UOB Golden Dragon Fund to two billion units following strong and consistent demand for its units since its launch in May last year.
The initial units then offered for subscription was 400 million units. This recent increase in its fund size is the Fund’s fifth such exercise, it said yesterday.
“To-date, we have sold 1.4 billion units. This increase is again required to meet the steady and constant applications for its units,” said the fund’s chief executive officer Ho Seng Yee.
Ho said in the past month, the fund manager distributed a gross distribution of 6.5 sen per unit, or a dividend yield of 12.20% for an investment period of about six months.
The Golden Dragon Fund capitalises on the tremendous growth opportunities of the equity markets of China, Hong Kong and Taiwan.
The fund manager said the fund’s investment strategy allowed asset allocations in equities and fixed income securities on a 70/30 ratio which could be reversed based on prevailing investment conditions.
OSK-UOB Unit Trust Management also declared distributions for five of its funds for the financial year/period ended Dec 31, 2007.
It declared a gross distribution of 14.7595 sen per unit for OSK-UOB Equity Trust, 16.3722 sen per unit for OSK-UOB Growth and Income Focus Fund (GIFT); 6.7131 sen per unit for OSK-UOB Asia Pacific Fund; 6.4688 sen per unit for OSK-UOB Money Market Fund, and 2.4980 sen per unit (interim distribution) for OSK-UOB Global Equity Yield Fund.
Ho said the Equity Trust, GIFT Fund, Asia Pacific Fund and the Money Market Fund generated yields of 17.35%, 21.24%, 12.93% and 6.21% respectively for the financial year ended Dec 31, 2007.
The Global Equity Yield Fund for the six-month period ended Dec 31, 2007, registered a yield of 4.78%.
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 19, 2007
OSK-UOB raises Big Cap China fund size
TheEdge
KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd has increased the fund size of its newly launched OSK-UOB Big Cap China Enterprise Fund to 600 million units of 50 sen each from 400 million units.
In a statement yesterday, the company said the fund was still in its initial offer period which would end on Dec 23, 2007.
It said the increase in fund size was due to the brisk sales recorded during the first two weeks of the offer period and it expected the strong pace to continue till the end of the offer period.
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: OSK-UOB Unit Trust Management Bhd has increased the fund size of its newly launched OSK-UOB Big Cap China Enterprise Fund to 600 million units of 50 sen each from 400 million units.
In a statement yesterday, the company said the fund was still in its initial offer period which would end on Dec 23, 2007.
It said the increase in fund size was due to the brisk sales recorded during the first two weeks of the offer period and it expected the strong pace to continue till the end of the offer period.
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, December 13, 2007
New ops for OSK Trustees
TheStar
PETALING JAYA: OSK Trustees Bhd has received Securities Commission (SC) approval to provide financial planning advisory services, making it the country's first trust company to do so.
The company received the Capital Market Services licence from the SC last month to offer such services pursuant to the Capital Markets Services Act 2007.
Chief operating officer Ong Eu Jin said the approval was a significant milestone for the will-writing and trustee industry as it marked the beginning of a new financial planning and advisory-based approach by a trust company.
With the licence, OSK Trustees would be authorised to provide advice, including by way of plan-writing and charge professional fees for its advisory services.
The scope of the company's advisory services would centre around estate planning and administration, he told StarBiz.
He said with the launch of its advisory services, OSK Trustees was moving beyond merely providing will-writing and trustee services by offering more “complete and elaborate estate planning services''.
“We are positioning ourselves as the industry leader in terms of expertise and know-how for the public to turn to for assistance.
“The services also complement our will-writing and estate administration services, in which OSK Trustees is a prominent industry player, and are expected to contribute to a significant increase in the number of wills and trusts,'' Ong said.
He said although advisory services were a complementary service, the company was confident it would contribute to as much as 15% to 20% of its total income in the next two to three years.
Ong said potential users of estate planning advisory services included business owners (in dealing with their business succession planning), Malaysian residents with properties in foreign jurisdictions, Malaysian residents with foreign dependants, and foreigners who had properties in Malaysia.
Ong expects the potential market for advisory services to be huge due to the lack of public knowledge in dealing with a deceased’s estate.
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: OSK Trustees Bhd has received Securities Commission (SC) approval to provide financial planning advisory services, making it the country's first trust company to do so.
The company received the Capital Market Services licence from the SC last month to offer such services pursuant to the Capital Markets Services Act 2007.
Chief operating officer Ong Eu Jin said the approval was a significant milestone for the will-writing and trustee industry as it marked the beginning of a new financial planning and advisory-based approach by a trust company.
With the licence, OSK Trustees would be authorised to provide advice, including by way of plan-writing and charge professional fees for its advisory services.
The scope of the company's advisory services would centre around estate planning and administration, he told StarBiz.
He said with the launch of its advisory services, OSK Trustees was moving beyond merely providing will-writing and trustee services by offering more “complete and elaborate estate planning services''.
“We are positioning ourselves as the industry leader in terms of expertise and know-how for the public to turn to for assistance.
“The services also complement our will-writing and estate administration services, in which OSK Trustees is a prominent industry player, and are expected to contribute to a significant increase in the number of wills and trusts,'' Ong said.
He said although advisory services were a complementary service, the company was confident it would contribute to as much as 15% to 20% of its total income in the next two to three years.
Ong said potential users of estate planning advisory services included business owners (in dealing with their business succession planning), Malaysian residents with properties in foreign jurisdictions, Malaysian residents with foreign dependants, and foreigners who had properties in Malaysia.
Ong expects the potential market for advisory services to be huge due to the lack of public knowledge in dealing with a deceased’s estate.
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, December 6, 2007
OSK-UOB aims to manage RM5b funds
TheStar
KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd is targeting to grow its total funds under management to about RM5bil by end-2008 from RM3.6bil currently.
Chief executive officer Ho Seng Yee said the company would launch various products – local, regional and global – to enlarge its fund size.
KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd is targeting to grow its total funds under management to about RM5bil by end-2008 from RM3.6bil currently.
Chief executive officer Ho Seng Yee said the company would launch various products – local, regional and global – to enlarge its fund size.
»We will be launching five funds by the first half of next year and another few within the year« HO SENG YEE
“We will be launching five funds by the first half of next year and another few within the year.
“We will also re-launch some of our existing funds which we feel have the potential,” he said after the launch of OSK-UOB Big Cap China Enterprise yesterday.
With the new product, it now has 32 funds under its stable. According to Ho, the new fund would potentially bring in annualised returns of between 15% and 18%.
He said the fund was the first in the country that focused on pure China plays and aimed to provide investors with long-term capital appreciation by investing in securities of companies with high growth potential.
It would invest in equities and equity-linked securities issued by companies whose businesses were in China and those with a market capitalisation of at least US$1bil, he added.
UOB Asset Management Ltd (UOBAM) of Singapore is the external investment manager for Big Cap China Enterprise.
UOBAM senior director and head of Asia ex-Japan equities Colin Ng said some of the sectors the fund would invest were consumer, infrastructure and environment.
Ho said China had been the world’s fastest growing economy in recent years due to rising urbanisation and industrialisation, increasing income of the mass population, strong domestic consumption and favourable demographic profiles.
Ng added that the Chinese market was flush with liquidity worth trillions of dollars and the risk of the economy overheating was minimal, as the government was careful in its monetary and fiscal policy measures to balance its economic growth and overheating risks.
According to reports, he said, the Chinese economy was also less sensitive to a potential US economic slowdown.
With an approved size of 400 million units, Big Cap China Enterprise is offered to the public at an initial unit price of 50 sen.
The offer period is from Dec 3 to Dec 23 and the initial minimum investment is RM1,000.
OSK-UOB Unit Trust Management is currently ranked among the top 10 players in the investment management business.
Wednesday, December 5, 2007
OSK-UOB declares 12.2% dividend for Golden Dragon Fund
TheEdge
KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd declared a gross distribution of 6.5 sen per unit for its OSK-UOB Golden Dragon Fund for the financial period ending Dec 31, 2007.
Its chief executive officer Ho Seng Yee said the fund was established in May 2007 and it invests in the vibrant Greater China markets, that is, China, Hong Kong and Taiwan.
“This is the fund’s maiden distribution and we are pleased to inform our investors that for just a short period of investment of about 6 months, the distribution declared has a dividend yield of 12.2%,” it said.
OSK-UOB manages 32 unit trust funds with an asset size of over RM3.6 billion.
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: OSK-UOB Unit Trust Management Bhd declared a gross distribution of 6.5 sen per unit for its OSK-UOB Golden Dragon Fund for the financial period ending Dec 31, 2007.
Its chief executive officer Ho Seng Yee said the fund was established in May 2007 and it invests in the vibrant Greater China markets, that is, China, Hong Kong and Taiwan.
“This is the fund’s maiden distribution and we are pleased to inform our investors that for just a short period of investment of about 6 months, the distribution declared has a dividend yield of 12.2%,” it said.
OSK-UOB manages 32 unit trust funds with an asset size of over RM3.6 billion.
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 2, 2007
OSK-UOB launches new fund
TheEdge
KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd (OSK-UOB) has launched its latest fund, the OSK-UOB Institutional Islamic Money Market Fund, which will invest in a portfolio of Islamic money market instruments and other short-term Sukuk and placements of syariah-based deposits.
OSK-UOB chief executive officer Ho Seng Yee said: “This Institutional Islamic Money Market Fund aims to provide investors with a high level of liquidity whilst providing reasonable returns by investing in low risk instruments that complies with syariah requirements.”
“Research from Bank Negara Malaysia has shown that, since January 2007 Malaysia’s Sukuk represented 67% of the total global Sukuk outstanding valued at US$46.8 billion.
“Islamic money market grew in tandem with capital market development made possible with Bank Negara liquidity operation such as sale and buy back agreement of Islamic securities for short-term liquidity,” he said.
He said other benefits of the fund included tax shield, no penalty interest in case of emergencies, hassle cash free management and extremely low risk with high liquidity. It also aims to provide investors with a potential dividend payout on a monthly basis.
With an approved fund size of 600 million units, the fund is offered to institutional corporations and high net worth investors at an initial unit price of RM1. The offer period is one day only and the initial minimum investment amount is RM50,000.
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.
KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd (OSK-UOB) has launched its latest fund, the OSK-UOB Institutional Islamic Money Market Fund, which will invest in a portfolio of Islamic money market instruments and other short-term Sukuk and placements of syariah-based deposits.
OSK-UOB chief executive officer Ho Seng Yee said: “This Institutional Islamic Money Market Fund aims to provide investors with a high level of liquidity whilst providing reasonable returns by investing in low risk instruments that complies with syariah requirements.”
“Research from Bank Negara Malaysia has shown that, since January 2007 Malaysia’s Sukuk represented 67% of the total global Sukuk outstanding valued at US$46.8 billion.
“Islamic money market grew in tandem with capital market development made possible with Bank Negara liquidity operation such as sale and buy back agreement of Islamic securities for short-term liquidity,” he said.
He said other benefits of the fund included tax shield, no penalty interest in case of emergencies, hassle cash free management and extremely low risk with high liquidity. It also aims to provide investors with a potential dividend payout on a monthly basis.
With an approved fund size of 600 million units, the fund is offered to institutional corporations and high net worth investors at an initial unit price of RM1. The offer period is one day only and the initial minimum investment amount is RM50,000.
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.
Tuesday, October 23, 2007
OSK-UOB eyes 15pc return for Triple A fund
BusinessTimes
OSK-UOB Unit Trust Management Bhd expects its latest fund, the OSK-UOB Asia Active Allocation (Triple A fund), to reap a potential return of 13 per cent to 15 per cent per annum within a three- to five-year time frame.
"The Triple-A fund aims to provide investors with long-term capital appreciation and current income through investments in securities of Asia's large and small companies and fixed incomes securities," its executive director and chief executive officer Ho Seng Yee said at the launch in Kuala Lumpur yesterday.
The company expects sales for the new fund to hit between RM150 million and RM200 million within the initial offer period beginning today to November 12 2007.
The approved fund size stands at 800 million units of 50 sen per unit, with minimum investment of RM1,000.
Ho said the fund will apply an active asset allocation that can adapt to market conditions, to optimise returns.
"Different asset classes respond in a different manner as the economy goes through its various stages of expansion and contraction. As such, by adopting a portfolio diversification strategy that covers both Asian equities and Asian fixed income, the Triple-A fund is poised to actively manage the volatility for stable long-term returns," Ho said.
The fund is exclusively distributed by United Overseas Bank (Malaysia) Bhd, while the external investment manager is UOB Asset Management Ltd, Singapore (UOBAM).
Depending on investment conditions and opportunities, UOBAM will invest 20 per cent to 60 per cent of the fund's net asset value in the securities of Asian large companies and, or up to 40 per cent in Asian small companies and, or 20 per cent to 60 per cent in fixed incomes securities or money market instrument.
OSK-UOB is planning to launch another one or two funds before the end of this year to boost its asset size to RM3.5 to RM4 billion, said Ho.
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.
OSK-UOB Unit Trust Management Bhd expects its latest fund, the OSK-UOB Asia Active Allocation (Triple A fund), to reap a potential return of 13 per cent to 15 per cent per annum within a three- to five-year time frame.
"The Triple-A fund aims to provide investors with long-term capital appreciation and current income through investments in securities of Asia's large and small companies and fixed incomes securities," its executive director and chief executive officer Ho Seng Yee said at the launch in Kuala Lumpur yesterday.
The company expects sales for the new fund to hit between RM150 million and RM200 million within the initial offer period beginning today to November 12 2007.
The approved fund size stands at 800 million units of 50 sen per unit, with minimum investment of RM1,000.
Ho said the fund will apply an active asset allocation that can adapt to market conditions, to optimise returns.
"Different asset classes respond in a different manner as the economy goes through its various stages of expansion and contraction. As such, by adopting a portfolio diversification strategy that covers both Asian equities and Asian fixed income, the Triple-A fund is poised to actively manage the volatility for stable long-term returns," Ho said.
The fund is exclusively distributed by United Overseas Bank (Malaysia) Bhd, while the external investment manager is UOB Asset Management Ltd, Singapore (UOBAM).
Depending on investment conditions and opportunities, UOBAM will invest 20 per cent to 60 per cent of the fund's net asset value in the securities of Asian large companies and, or up to 40 per cent in Asian small companies and, or 20 per cent to 60 per cent in fixed incomes securities or money market instrument.
OSK-UOB is planning to launch another one or two funds before the end of this year to boost its asset size to RM3.5 to RM4 billion, said Ho.
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, October 3, 2007
OSK-UOB Declared Distributions for its Funds
TheStar
KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd has declared gross distributions for the Smart Treasure Fund, Smart Balanced Fund and Smart Income Fund for the financial year ended Sept 30. In a statement, it said the Smart Treasure Fund unitholders would get 8.5415 sen per unit. “This is equivalent to a yield of 7.96% based on the net asset value (NAV) for financial year ended Sept 30,” it 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: OSK-UOB Unit Trust Management Bhd has declared gross distributions for the Smart Treasure Fund, Smart Balanced Fund and Smart Income Fund for the financial year ended Sept 30. In a statement, it said the Smart Treasure Fund unitholders would get 8.5415 sen per unit. “This is equivalent to a yield of 7.96% based on the net asset value (NAV) for financial year ended Sept 30,” it 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.
Thursday, September 27, 2007
OSK-UOB offers new theme-based equity fund
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.
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: 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.
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, August 24, 2007
OSK-UOB fund size may hit RM4b
Business Times
OSK-UOB Unit Trust Management Bhd's portfolio may hit the RM4 billion mark by the end of the year as it rolls out more new products.
Its enlarged asset base could eventually comprise up to 31 unit trust funds, from the existing 28 schemes which account for around RM3 billion of investors' money.
"For this year, we intend to launch another two or three funds, and our total fund size is expected to grow to between RM3.8 billion and RM4 billion," said Ho Seng Yee, the executive director-cum-chief executive of OSK-UOB, a unit of financial services group OSK Holdings Bhd."Our new offerings include local and regional funds," he told reporters at the launch of OSK-UOB's latest offering in Kuala Lumpur yesterday.
The RM400 million OSK-UOB Asian Real Estate Fund, which could potentially yield up to 15 per cent in annual returns, invests mainly in regional property stocks like property developers or real estate investment trusts.
"The Asian property market is at a very attractive development stage as Asian economies are experiencing a period of strong economic growth, led by China," Ho said. The 800 million unit scheme, OSK-UOB's fifth new product this year, is initially priced at 50 sen apiece. It is primarily skewed towards real estate hotspots like China, Hong Kong, Singapore and Malaysia.
Malayan Banking Bhd is the sole distributor of the open-ended fund, which means its fund size can be increased in line with demand.
Singapore's UOB Asset Management Ltd, with S$25.8 billion (RM59 billion) worth of assets as at April this year, is the external investment manager for the scheme.
Unit trusts account for RM40.5 million, or 14 per cent, of OSK Holdings' RM280 million revenue in the first quarter to March 2007, its filings to Bursa Malaysia showed.
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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