Entries by Affin Hwang Asset Management

Affin Hwang AM Launches Dana Malaysia – Domestic Focused Absolute Return Fund

KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or “the Company”) announced today the launch of Affin Hwang Dana Malaysia (“AHDM” or the “Fund”). The Fund is a close-ended wholesale fund that seeks to achieve capital appreciation over the 3-year tenure of the fund with a 1-year extension option, subject to an early maturity trigger. The Fund aims to achieve an absolute total return target of 30% during the tenure of the Fund by investing in a concentrated portfolio of domestic equities. To achieve its investment objective, the Fund will employ a flexible approach to asset allocation by investing into a range of asset classes including equities, equity-linked instruments, fixed income, structured products and/or derivatives depending on prevailing market conditions. Chan Ai Mei, Chief Marketing & Distribution Officer of Affin Hwang AM said, “To take advantage of the recent bout in volatility, the Fund will seek to capitalise on mispricing opportunities in the market through high-conviction ideas and our own proprietary in-house knowledge and experience as home-grown fund managers with extensive coverage of the local market.” “Since inception, the company’s Malaysia Absolute Return Strategy has delivered annualised returns of over 15.1% p.a. or total returns exceeding ten-fold […]

Affin Hwang Investment Forum 2018: What’s Next?

Introduction As volatility roars back into markets in 2018, with the spectre of a trade war looming, a deepening rout in emerging markets (EMs) and widening policy divergence across global central banks; investors were taken on a wild roller-coaster ride thus far as markets soar to roaring highs and plunge to chilling-lows. Should they stay risk-on or risk-off? Buy the dip or stay on the side-lines for now? Running for its fourth consecutive year, Affin Hwang Asset Management successfully hosted its annual investment forum fittingly titled ‘What’s Next?’ to address these questions. The forum took place on 14 July, Saturday at MITEC, Jalan Dutamas and saw overwhelming response with more than 1,200 participants eager to find out what lies ahead for markets and how they should position their portfolios against such a volatile backdrop. Joined by our investment partners, the forum featured prominent speakers including:- – Chung Man Wing, Investment Director, Value Partners Limited – Dr. Gerald Garvey, PhD, Managing Director, BlackRock – Siva Shanker, Past President, Malaysian Institute of Estate Agent – Teng Chee Wai, Managing Director, Affin Hwang Asset Management New China Awakens The forum got off the ground with the first session by Chung Man Wing, Investment […]

Affin Hwang AM Launches Private Equity Business – Bintang Capital Partners

KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or “the Company”) announced today that it has launched its private equity business, Bintang Capital Partners Berhad (“Bintang”). Bintang is a Private Equity Management Company registered with the Securities Commission Malaysia and is a subsidiary of Affin Hwang AM. Bintang is the formalisation of Affin Hwang AM’s foray into the private equity market, which began in June 2017 with their maiden transaction, the buyout of Bitsmedia Pte Ltd, the company behind the world’s leading Muslim lifestyle app, Muslim Pro. This buyout was completed in conjunction with Bintang’s strategic Singaporean partner, CMIA Capital Advisors. Teng Chee Wai, Managing Director of Affin Hwang AM, said, “The launch of Bintang marks the culmination of nearly two years of effort by the team to build the private equity business, an initiative led by Johan Rozali-Wathooth who joined Affin Hwang Asset Management as Deputy Managing Director in June 2016.” “When we first came up with the idea of setting up a private equity business in 2015, I realised that the strong demand from both our institutional and high net-worth clients for more sophisticated investment solutions, including private equity, will only grow over time. “We […]

Five Lessons from Football to Score a Winning Portfolio

From the Football Pitch to the Trading Floor The 2018 FIFA World Cup is set to kick-off in a couple of weeks. Through glazed eyes and sleepless nights, football fans across the globe will be neglecting their spouses and family for at least a month to cheer on their favourite team into the finals. But beyond the dribbling and hat-tricks, the game of football also offers valuable lessons that investors can use. Here are 5 lessons from the football pitch that you can apply in your portfolio management:- Lesson 1: Stay on the Ball For 90 minutes, players on either side of the field have only a single objective in mind. To score the most number of goals within the allocated time-frame. Similar to investing, you need to define your objectives clearly according to your investment horizon and wealth needs. It’s easy to lose focus in the game when stakes run high and emotions get the better of you. The football pitch can be an assault of the senses with the thunderous cheers of the fans applauding and the field becomes mired in mud before the slinging begins. Markets can be equally nerve-racking with investors often engulfed with a torrent […]

Affin Hwang AM Launches First Tranche of Enhanced Income Fund Series

KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or “the Company”) announced today the launch of the 18M Enhanced Income Fund 1 (“18M EIF1” or the “Fund”). The Fund is the first tranche of the Enhanced Income Fund Series which is a wholesale close-ended fixed income fund that aims to provide income return whilst maintaining capital preservation. To achieve its investment objective, the Fund will invest a minimum of 90% of the Fund’s NAV in Defensive Assets including money market instruments or deposits, and a maximum of 10% of the Fund’s NAV in Active Assets such as options or structured warrants. Structured as a fund-linked product, the Fund grants downside risk protection to investors through its backing of defensive assets, as well as offers greater upside participation by enhancing returns through a participation rate(1) that makes reference to a global fixed income strategy that provides broad-based income derived from multiple sources. Chan Ai Mei, Chief Marketing & Distribution Officer of Affin Hwang AM said, “As we enter the early-stages of a rising interest rate environment, there is an increased demand for fixed income products that provide higher returns to investors. The chase for yield continues in spite […]

Post GE-14: A New Market Script for Malaysia

Tide Turns in Malaysia In a watershed election, the opposition won the 14th General Election (GE14) wrestling traditionally held strongholds from the incumbent by taking over states such as Johor, Kedah, and Melaka. Whilst an opposition win raises questions about government regulation and economic policies, we view that such concerns on policy uncertainty will fade as the incoming government clarifies its position. All markets dislike uncertainty and we expect this could lead to bigger discounts with the adjusting factor being lower share prices overall. This would be the immediate reaction as the selloff will be broad-based. We are looking at 5-8% immediate downside within the next 1-3 days, where we note that pre-results the market has already corrected by 3.5% since it reached its record high in April. Stocks including contractors, politically-linked counters and CIMB could take the brunt of the hit. Our Malaysian portfolios have currently 12-15% exposure in such stocks with the largest weights in CIMB, Gamuda and IJM. Markets Won’t Stay Down For Long The street is overwhelmingly bearish if the opposition wins. We are on the contrary, bullish. Any new government will want to generate confidence for the market and overall population. This fading of uncertainty […]