KUALA LUMPUR: Hong Leong Asset Management Bhd (HLAM) has launched the Hong Leong Global Equity Fund, an equity growth fund designed to give local investors access to a globally diversified portfolio.
In a statement today, HLAM said that the Fund combines two established equity strategies, each investing in global equities through different investment styles-including value, growth, and environmental, social and governance (ESG) - to create a blended, high-conviction global equity portfolio.
"Each strategy sleeve is independently managed by a dedicated, specialised investment team, focusing on the best investment ideas within their mandate.
"The portfolio is designed to remain well-diversified and balanced, with the aim of capturing multiple sources of performance,” it said.
HLAM executive director and chief executive officer Chue Kwok Yan said that with the world economy in constant transition, investors in Malaysia are searching for resilient solutions that balance opportunity with strong fundamentals.
"The fund aims to deliver that balance-combining strategic global exposure with focused, best-ideas investing,” he said.
The Hong Leong Global Equity Fund is available through HLAM offices, its nationwide agency force, and the online portal HL iSmart Invest.
Designed as a growth fund, it currently offers three retail share classes: Class MYR, Class MYR-Hedged, and Class USD. Each class will be priced at an initial offer of RM1.00, RM1.00, and US$1.00 per unit, respectively.
The minimum initial investment is 1,000 units, with subsequent additional investments starting from 100 units.
Amundi Singapore Ltd has been appointed as the external fund manager for the Fund. - Bernama
