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Hwang IM introduces Hwang Select Japan Quantum Fund

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Hwang IM introduces Hwang Select Japan Quantum Fund Empty Hwang IM introduces Hwang Select Japan Quantum Fund

Post by Cals Tue 04 Mar 2014, 20:00

Hwang IM introduces Hwang Select Japan Quantum Fund
Business & Markets 2014
Written by Bernama   
Tuesday, 04 March 2014 18:26

KUALA LUMPUR (March 04): Hwang Investment Management Bhd (Hwang IM) has unveiled its maiden Japan investment solution, Hwang Select Japan Quantum Fund (SJQF). 

In a statement today, Hwang IM said, SJQF aimed to provide investors with capital appreciation, over the medium- to long-term investment.

"It is suitable for investors who seek exposure in Japanese equities, and have a relatively higher risk tolerance level," it said.

Chief Executive Officer/Executive Director, Teng Chee Wai, said Japanese Prime Minister, Shinzo Abe, was firm on reflating the economy, with policy package consisting of three "arrows" — bold monetary policies, fiscal stimulus and structural reforms — all aimed at reviving the economy and achieving sustainable growth.    

He said, the fund would invest a minimum of 70 per cent of its net asset value (NAV) in equities and equity-linked instruments, and a maximum of 30 per cent of its NAV in liquid assets, such as money market instruments and deposits.

HwangIM also appointed Nikko Asset Management Co Ltd as the fund’s external investment manager. 

The fund has an offer period of not-more-than 21 days — yesterday until March 23 — at the price of 50 sen per unit, with an initial investment of RM1,000 and additional investment of RM100. 

The trustee of the fund is Deutsche Trustees Malaysia Bhd.
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