Maybank AM launches All-China Focus Equity Fund

The MAMG All-China Focus Equity Fund will enable investors to tap the growth opportunities of China.

KUALA LUMPUR: Maybank Asset Management Sdn Bhd (MAM Malaysia) has launched the MAMG All-China Focus Equity Fund to enable investors to tap the growth opportunities of China.

It said on Thursday the fund is a wholesale feeder fund which invests in Wellington All-China Focus Equity Fund – target fund – and allows investors to tap all of China’s equity market share classes.

Maybank Asset Management Sdn Bhd CEO Ahmad Najib Nazlan said the fund is an excellent opportunity for investors who wish to invest in China’s rapid growth and evolving economy.

He pointed out China’s economy has bounced back, posting a record of 18.3% GDP growth one year after the Covid-19 pandemic.

“With the US and China being the twin engines for global recovery, foreign investors have turned their focus and remain positive on China.

“Factors behind China’s resilience include ample liquidity and capital inflows, with the most attractive investments in the areas of transformational change like technology, healthcare, and consumer services,” he said.

Ahmad Najib said the fund has an unconstrained all-China investment strategy approach.

“That means we have access across local onshore and offshore global listings of China equities; and across all industry sectors and market capitalisations to discover the most valuable stocks, which are available in several share classes (A, B, H, S & ADRs).

“We will focus on high-quality companies with strong governance records and ‘handpick’ the best high-performance stocks for our investors,” he said.

He said the fund will be working with Wellington Management Hong Kong Ltd, a global fund manager with local expertise based in Hong Kong and Singapore.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Tanco bags RM172.66mil land reclamation job in Melaka
Sapura Energy CFO Reza leaves, Chew to take over�
Southern Steel registers RM47.9mil net profit in FY21
BDB-MBI Kedah JV to develop Langkawi Premium Outlets
Astro posts lower Q2 net profit due to elevated content cost�
Southern Acids Q1 net profit climbs on higher commodity prices�
Bursa Malaysia ends higher after volatile trading
Public Bank clinches record Best Bank in Malaysia award for 15 years
Universal Music Group shares surge on stock market debut
Evergrande woes hit Japan's toilet, air-conditioner and paint manufacturers

Stories You'll Enjoy