KUALA LUMPUR: Hwang Investment Management Bhd has launched a special fund for Malaysian investors who are keen on Japanese equities.
Known as the Hwang Select Japan Quantum Fund, it provides investors with capital appreciation over the medium-to-long term.
“The fund is suitable for investors who seek exposure in Japanese equities and have a relatively higher risk-tolerance level,” Hwang’s CEO and executive director Teng Chee Wai said at the fund’s launch in Kuala Lumpur yesterday.
Nikko Asset Management Co Ltd will manage the fund. Teng said Japanese Prime Minister Shinzo Abe’s administration is firm on reflating the economy with bold monetary policies, fiscal stimulus and structural reforms — to revive the economy.
He added that the 2020 Olympics Games to be held in Tokyo will further boost the Japanese economy, particularly to sectors such as construction, tourism, transportation and retail.
The fund would invest a minimum of 70% of its net asset value (NAV) in equities and equity-linked instruments and a maximum of 30% of its NAV in liquid assets such as money market instruments and deposits.
Head of Japan equities and alternative investment fund management at Nikko AM Takashi Maruyama said the fund’s investment mandate will help tap growth potential of undervalued companies and capitalise on Japan’s economy growth.
“This can be achieved by leveraging our active value strategy that invests in a portfolio of high-conviction stocks, considered to be mispriced and undervalued,” he added.
Its offer is from March 3-23, 2014, at a price of RM0.50 per unit with an initial investment of RM1,000 and additional investment of RM100.