Entries by Affin Hwang Asset Management

2003

Fund Award Received recognition for achievements from international rating agencies – Select Opportunity Fund won three best performing awards for its 2002 performance   Expanded its business with the launch of a fixed income-equity hybrid fund ad a pure bond fund, the Select Balanced Fund and Select Bond Fund

2001

Corporate Milestone ► Kicked off the business by securing its first institutional client discretionary mandate business ► Launched the Flagship Select Opportunity Fund

Affin Hwang Asset Management Launched A New Fund With Access into Global Investment Opportunities

KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or the “Company”) launched Affin Hwang Global Equity Fund (“GEF” or the “Fund”) today. The Fund is a wholesale equity feeder fund which seeks to achieve capital appreciation over medium to long-term period by investing in collective investment scheme, namely Nikko AM Shenton Global Opportunities Fund (“the Target Fund”), a Singapore-domiciled fund of Nikko Asset Management Asia Limited. The Fund will invest minimum 70% of the Fund’s NAV in the Target Fund and maximum 30% of the Fund’s NAV in money market instruments, fixed deposits and/or liquid assets. The Target Fund primarily invests in equities of developed and emerging markets. The Target Fund is an open-ended stand-alone unit trust established under the laws of Singapore. The Target Fund Manager, Nikko Asset Management Asia Limited, a company domiciled in the Republic of Singapore, is licensed and regulated by the Monetary Authority of Singapore. The Target Fund Manager has managed collective investment schemes or discretionary funds in Singapore since 1982. The Target Fund Manager has appointed Nikko Asset Management Europe Ltd (“NAM Europe”), a company domiciled in the United Kingdom, as the sub-manager of the Target Fund. NAM Europe has been […]

Affin Hwang Asset Management Launched New Fund With An Investment Strategy That Offers Growth Opportunities In The European Market

KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or the “Company”) launched Affin Hwang European Unconstrained Fund (“EUF” or the “Fund”) today. The Fund is a wholesale equity feeder fund which seeks to achieve capital appreciation over medium to long-term period by investing in collective investment scheme, namely UBS (Lux) Equity SICAV – European Opportunity Unconstrained (“the Target Fund”), a Luxembourg-domiciled fund of UBS Asset Management. The Fund will invest a minimum of 80% of the Fund’s NAV into the Target Fund and maximum 20% of the Fund’s NAV into money market instruments, fixed deposits and/or liquid assets. The Target Fund predominantly invests in equities, equity rights or other capital shares of companies domiciled or chiefly active in Europe. The Target Fund is managed by the UBS Concentrated Alpha Team of UBS Asset Management (UK) Ltd, London; a specialised team dedicated to portfolio management of European equity strategies. UBS Asset Management is Switzerland’s largest asset manager with vast investment expertise in European markets, supported by 800+ individuals globally across UBS Global Asset Management. Chan Ai Mei, Chief Marketing Officer of Affin Hwang AM said, “We identified an opportunity to gain returns through the Target Fund. It is […]

A Brief On Global & Local Markets, Investment Strategy

Market Snapshot Asian shares were down on Friday and on track for a weekly loss as investors were anxious over faltering global growth and the possibility of the US Federal Reserve raising borrowing costs this year. Data released on Thursday showed US gross domestic product increased at a 1.5 percent annual rate, just shy of the consensus forecast for 1.6 percent growth and slowing from a 3.9 percent rise in the second quarter. But solid consumer spending kept alive the possibility that the Federal Reserve could deliver an interest rate increase in December. The US central bank held policy steady on Wednesday and left the door open to hike interest rates for the first time since 2006 at its December meeting. That signal came amid growing anxiety over a slowdown in global growth, with signs of waning momentum in China in particular stoking volatility in global markets in recent months. For the month of October, Asian shares edged higher and were on track for their biggest monthly rise since January 2012,as global central banks kept stimulus policies intact and many hinted at further steps to re-energise their economies. US The S&P 500 was up 0.2 percent over the week. For […]

Malaysia 2016 Budget : A Pragmatic Budget amidst Challenging Headwinds

Malaysian Prime Minister Datuk Seri Najib Razak announced on Friday, 23 October, the 2016 Budget, marking the first budget under 11th Malaysia Plan (a five-year strategy) to transform the country into a high-income nation by 2020. Malaysia, Southeast Asia’s second largest oil producer and the world’s second largest exporter of liquefied natural gas, has been navigating through a tricky economic environment where global crude prices have slumped since mid-2014. An economic slowdown in China, Malaysia’s biggest trading partner, and depreciating Ringgit have exacerbated problems. Amidst the challenging headwinds, Najib tabled a pragmatic budget focusing mainly on Rakyat (People’s) wellbeing – without compromising fiscal prudence and economic growth. The government predicted economic growth of 4- 5% in 2016, a slight slowdown compared to 2015’s forecast of 4.5-5.5%. Budget deficit is projected to drop to 3.1% of gross domestic product in 2016 from 3.2% this year and 3.4% in 2014. Oil revenue is expected to halve, but will be mitigated by increased GST and income tax collection. Although the lower budget may not excite foreign investors much, it would undoubtedly help support Malaysia’s investment grade rating for its sovereign debt. The budget centers on five priorities: Strengthening economic resilience Increasing productivity, innovation […]

Investing in Volatile Markets – An Outlook for the 4th Quarter 2015

KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or “the Company”) believes that while the global markets may remain volatile in the near future, pockets of opportunity will continue to present themselves. Despite the current economy slowdown, China remains one of the fastest growing economies globally. The Asian giant’s economic growth remained in the spotlight of global economies as it plays the role of key trading partner to many economies. Affin Hwang AM believes that an annual growth rate of 6%-7% for China would likely be a more sustainable pace as the markets ease into a new normal. The Company expects the People’s Bank of China to remain active in rolling out policy measures in a bid to spur its economy. The anticipated rate hike by the US Federal Reserve continued to be what it has been – an anticipated move. Markets are again left guessing as to the timeline of the hike after the Federal Reserve kept US interest rates unchanged in September. While word on the street predicts a December hike, the US Federal Reserve may push the rate hike further back to March 2016. The timeframe of the hike remains unclear given the weak […]