Maybank Asset Management-BNY Mellon launches MAMG Asia Rising Stars Fund

Temporary anti-dumping measures on ethanolamine products produced in the Malaysia, Saudi Arabia, Thailand and the United States is also being introduced.

KUALA LUMPUR: Maybank Asset Management Group Bhd and BNY Mellon Investment Management have jointly launched the MAMG Asia Rising Stars Fund (fund).

The fund is a feeder fund that aims to maximise investment returns by investing in the BNY Mellon Asia Rising Stars Fund (target fund).

Launched in January 2017, the target fund focuses on companies with a market capitalisation below US$5bil and seems to provide capital growth by investing in Asian small cap companies that are listed in recognised exchanges in Asia, including Japan.

The fund seeks to achieve its investment objective by investing a minimum of 95% of its net asset value in the target fund.

It is designed for retail investors who seek to maximise investment returns, willing to tolerate risk associated with Asia small cap equities, and have a long term investment horizon.

The target fund combines the investment management expertise of BNY Mellon Asset Management Japan Ltd and Maybank Asset Management Singapore Pte Ltd.
BNY Mellon Japan manages the Japanese small cap equities potion, while Maybank AM Singapore manages the Asia ex Japan small cap portion.

Speaking at the fund’s launch, MAMG CEO Badrul Hisyam Abu Bakar remains positive on the outlook for small cap stocks in Asia as the region is benefiting from robust growth rates in many countries led by good demographics and economic reforms in Asia ex-Japan, as well as structural reforms and a cyclical upturn in Japan.

“We are excited to launch MAMG Asia Rising Stars as we have identified opportunities for retail investors to benefit from the Asia and Japanese small companies growth story.

“We are pleased to announce our exclusive global partnership with BNY Mellon.

“Together we can unlock the greater potential of the fund by offering our investors a diversified exposure to both Japan and Asia ex-Japan, which is unique in the market,” he said.

Investors can access the fund at Maybank branches nationwide which is available in five currency classes, namely MYR-Class, SGD-Class, USD-Class, AUD-Class, and EUR-Class.

Investors can purchase units in the fund at a minimum initial investment of RM1,000, SGD1,000, USD1,000, AUD1,000, EUR1,000 and make additional investments at a minimum amount of RM100, SGD100, USD100, AUD100, or EUR100, respectively.