KUALA LUMPUR: RHB Asset Management Sdn Bhd (RHBAM), a unit of RHB Investment Bhd has introduced the RHB-OSK Entrepreneur Fund which targets companies with entrepreneurial characteristics.
The fund is collaboration between RHBAM with Tokio Marine Asset Management International Pte Ltd.
RHBAM managing director and regional head of group asset management Eliza Ong said on Thursday the fund targets companies that have shown relatively high resilience during the global financial crisis as well as a good track record in recovering from it.
The fund would invest at least 50% in securities of companies listed in Japan, of which Tokio Marine Asset Management International would be the investment adviser.
The remaining funds would be invested in securities from Hong Kong, China, South Korea, Taiwan, Indonesia, Thailand, Singapore, the Philippines and Malaysia.
Among the criteria are companies with management ownership of at least 5%, low valuation, strong growth and low gearing.
“These are the type of companies that are consistence in their business philosophy,” said RHBAM chief investment officer Hoe Cheah How at the launch of the RHB-OSK Entrepreneur Fund.
He said since 2006, companies that have at least 5% equity ownership by the management perform better than other companies.
The minimum investment is RM1,000. Each unit costs 50 sen and additional units can be purchased at a minimum of RM100.