KUALA LUMPUR – Affin Hwang Asset Management Berhad (formerly known as Hwang Investment Management Berhad) (“Affin Hwang AM” or the “Company”), launched Affin Hwang Dividend Value Fund (“DVF” or the “Fund”) today. The Fund is a wholesale feeder fund which seeks to achieve capital appreciation over medium to long-term by investing in collective investment scheme, namely Value Partners High-Dividend Stocks Fund (“the Target Fund”), a Cayman Islands-domiciled fund of Value Partners Limited.
The Fund will be investing a minimum of 70% of the Fund’s NAV into the Target Fund and maximum 30% of the Fund’s NAV into money market instruments, fixed deposits and/or liquid assets. The Target Fund invests primarily in higher yielding equities and debt securities while maintaining a flexible allocation to other assets in Asia Pacific with a focus on Greater China.
Value Partners Limited is a subsidiary of Value Partners Group Limited, one of the largest fund management and research teams focusing on Greater China. Value Partners has a strong team of 50 investment professionals in Hong Kong, Mainland China, Singapore and Taiwan, which allow them the scale to uncover value companies and generate original investment ideas in the Asia Pacific region.
Affin Hwang AM is selective with the partners they work with. The company looks for partners who has strong capabilities and share the same investment philosophy of providing absolute returns to investors. The notable funds of the Company’s partnership are the Affin Hwang China Growth Fund, a wholesale feeder fund that invests in Citigroup First Investment Management’s China Select Fund which has delivered total return of 85.9% since its inception on 11 July 2011 (Source: Lipper, as of 30 April 2015) and the Affin Hwang Japan Growth Fund, externally managed by Nikko Asset Management Co., Ltd. which has
delivered total return of 33.1% since its inception on 3 March 2014 (Source: Lipper, as of 30
DVF adopts the Value Investing Strategy, a multi-factor assessment which examines and compares companies from all angles, hunting for the 3Rs: Right business, Right people and Right price. This assessment includes in-depth research and on-the-ground research of the selected stocks before investing. This strategy creates a portfolio from two types of high yielding stocks, the stable high yield stocks and the cyclical high yield stocks. The Value Investing strategy look out for companies with the ability to pay, the willingness to pay dividends, with stable earnings and with the ability to further increase dividend payout in the future.
DVF is a growth fund that seeks to achieve capital appreciation over medium to long-term period. The Fund is suitable for investors who have long-term investment horizon, seek capital appreciation and have high risk tolerance. The offer period of DVF is not more than
45 days, starting 8 June 2015 until 22 July 2015 the price of AUD0.50 per unit for AUD Class, RM.050 per unit for RM Class, SGD0.50 per unit for SGD Class and USD0.50 per unit for USD Class. The initial investment for each of the classes are AUD10,000, RM30,000, SGD10,000 and USD10,000 and additional investment of AUD5,000, RM10,000, SGD5,000 and USD5,000. The trustee of the Fund is Deutsche Trustees Malaysia Berhad.
Investors are advised to read and understand the contents of the Fund’s Product Highlights Sheet and Information Memorandum dated 8 June 2015 before investing. Visit www.affinhwangam.com for more information of the Fund.
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Chong Chyi Ming | firstname.lastname@example.org | +603 2116 6000