PETALING JAYA: Amundi Malaysia Sdn Bhd has launched a fixed-income wholesale fund that deploys both active fund management expertise and artificial intelligence (AI).
The close-ended fund, Amundi SMART 2025, which is exclusively distributed by HSBC Bank Malaysia, has been made available to sophisticated investors in Malaysia since April 27. The offer period will end on June 8.
In a statement, Amundi said the AI boost would contribute to the fund’s overall potential total return by converting big data into investment insights to enhance performance.
Amundi SMART 2025 offers units in ringgit, Singapore dollar and US dollar, and are respectively priced at RM1, S$1 and US$1. It invests into the target fund, Amundi SMART Portfolio 2025, that is managed by Amundi Singapore Ltd.
Amundi Malaysia said the target fund aims to provide regular income and return on capital at maturity by investing primarily in US-dollar-denominated debt securities issued by governments, agencies, supranationals and corporate issuers in the global fixed-income markets.
Amundi CEO of South Asia, Eric Bramoulle, said the fund highlighted the group’s customised approach to create wealth solutions that meet investor’s evolving needs and match distributors’ requirements.
“Innovation is really at the heart of this solution, designed to capitalise on the power of AI that converts big data into investment insights. Strategically, it represents a mutual meeting of minds and innovative spirit in developing new products and services to serve all investors, ” he said.
“We have collaborated with HSBC to co-create this solution and will utilise their strong network in the Asia-Pacific to distribute the product, ” he added.
HSBC Malaysia head of wealth, wealth and personal banking, Jon Chivers, said the group’s collaboration with Amundi reinforced its commitment to work with like-minded partners to offer its customers investment solutions that can respond efficiently to market volatilities and uncertainties while enabling them to thrive in an increasingly complex business environment.
“In line with our strategy to become the leading wealth manager in Asia, we are pleased to expand our range of wealth solutions with AiMAX5, an innovative AI-powered investment solution in the systematic strategy space, ” Chivers said.
“For investors in Malaysia, this index represents a new approach to multi-asset investing that combines cutting-edge AI techniques and time-tested diversification strategies to balance risk and return, ” he added.