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RHBAM offers new wholesale fund
RHB Asset Management (RHBAM), a wholly-owned subsidiary of RHB Investment Bank, has launched a wholesale fund, the RHB-OSK Global Equity Stabilizer Fund. The Fund gains exposure, with potential for capital growth and attractive dividend income through a portfolio of high quality global equities
The Asset 28 Jan 2015

RHB Asset Management (RHBAM), a wholly-owned subsidiary of RHB Investment Bank, has launched a wholesale fund, the RHB-OSK Global Equity Stabilizer Fund. The Fund gains exposure, with potential for capital growth and attractive dividend income through a portfolio of high quality global equities and equities related securities over a medium to long term period.

 

Ho Seng Yee, the chief executive officer/regional head of group retail distribution, said "The Fund intends to meet this objective by investing in the Schroder Global Equity Stabilizer (GES) Fund, namely the target fund, which is denominated in Singapore dollars and managed by Schroder Investment Management (Singapore). Besides the potential for capital growth and regular dividend income, the target fund possesses a 'stabilizer mechanism' that assists to reduce and limit losses during volatile global equities market conditions."

 

"We believe the recommended approach to investing in equities in 2015 is to be diversified across sectors and regions. With increasing volatilities in the markets, an investor should consider a strategy that encompasses an equity theme with dividends, has low sensitivity to rising interest rates and a downside risk protection strategy like the 'stabilizer mechanism', that is systematic and straightforward. The Fund gives investors peace of mind when tapping into the growth and income opportunities in global equities with a safety approach that is easy to comprehend" added Ho.

 

The equities being sought for investments are from high yielding stocks of quality companies that have been identified by the Schroder GES manager using measurements such as return on assets, return on equity, net leverage and operating cash flow yields.

 

Ho said, "We will focus on strengthening the depth of our business and capabilities in providing enhanced products and services to all of our customers throughout the region. We target to grow the RHBAM Group assets under management to 58 billion ringgit by the end of 2015. For our Malaysian business, we are looking at a significant and positive contribution to the targeted assets under management. This will be done through the 16 new product launches we plan to unveil this year".

 

The RHB-OSK Global Equity Stabilizer Fund invests at least 95% of its net asset value into investments in units of the target fund, Schroder GES and between 2% to 5% of its net asset value into investments in liquid assets including money market instruments and deposits.

 

The Fund is open for subscription to qualified investors with a minimum investment of 20,000 ringgit with each unit costing one ringgit per unit for a period of 21 days until February 4 2015. All additional units can be purchased at a minimum of 10,000 ringgit.

 

Distributors for the RHB-OSK Global Equity Stabilizer Fund include RHB Bank, Citibank, Standard Chartered, iFast Capital and CIMB Bank.

 

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