Hwang Select Japan Quantum Fund, which the fund house refers to as Malaysia’s first Japan investment solution, seeks to invest at least 70% of its corpus in equities, deploying the rest in liquid assets.
The vehicle is targeted at investors with medium-to-long term investment horizon and is open for initial subscription from 3 March until 23 March at the price of RM0.50 per unit with an initial investment of RM1,000 ((US$306.28, £183.28) and additional investment of RM100.
Nikko Asset Management will be the fund’s external investment manager, as per a statement on Hwang Investment’s website quoting chief executive and executive director Teng Chee Wai.
Takashi Maruyama, head of Japan equities and alternative investment fund management at Nikko AM, said: “The fund’s investment mandate will enable us to tap the growth potential of undervalued companies and take advantage of the growth prospects of Japan’s economy.
“This can be achieved by leveraging our active value strategy that invests in a portfolio of high-conviction stocks, considered to be mispriced and undervalued.”
Deutsche Trustees Malaysia is the trustee of the fund.
