15%-20% returns from new Hwang-DBS fund

HWANG-DBS Unit Trust Bhd (HDBSUT) expects its new fund, Hwang-DBS Select Small Caps Fund, to deliver a return of 15%–20% over the next three years, said adviser Teng Chee Wai. 

“We prefer to be realistic and conservative, rather than to over-promise,” Teng said after the launch of the new fund in Kuala Lumpur yesterday. “Should we exceed our target, it will be a bonus.”