KUALA LUMPUR: Hwang Investment Management Bhd (HwangIM) has launched the latest addition to its in-house managed funds, the Hwang ASEAN Flexi Fund (AFF).
"Targeted at the mass retail segment, the fund is attractive due to its flexible asset allocation strategy and its ability to provide investors with potential capital appreciation and regular income over the medium to long-term period," it said in a statement today.
The fund will invest a minimum of 70 per cent of net asset value into Asean countries, predominantly Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
The AFF is suitable for investors who have a bias towards capital growth on investments with income as secondary focus, medium to long-term investment horizon and high risk tolerance.
It is available for subscription from today onwards with an initial offer price of 50 sen per unit.
HwangIM chief investment officer David Ng said: "The AFF offers investors an opportunity to diversify their investments into the Asean region and its growth opportunities."-- Bernama