KUALA LUMPUR: Affin Hwang Asset Management Bhd (Affin Hwang AM) has launched the Affin Hwang World Series – Global Target Return Fund (WS-GTF), a wholesale feeder fund that seeks to achieve capital appreciation over the medium to long term period.
The fund will be invested in a collective investment scheme, namely Schroder International Selection Fund Global Target Return.
Affin Hwang AM, Chief Marketing and Distribution, Chan Ai Mei said the fund would benefit clients by focusing on absolute returns with the intention of minimising both volatility and the risk of huge losses which are important to investors, especially in this current market environment.
“With its unconstrained asset-allocation, investors will be able be to tap a broad investment universe to reap the full benefits of diversification,” she said in a statement today.
The Schroder target Fund is a Luxembourg-domiciled fund managed by Schroder Investment Management, a highly regarded, award winning independent active manager with assets under management totalling US$604.7 billion as at Dec 31, 2017.
Chan said a minimum of 80 per cent of the WS-GTF’s net asset value (NAV) would be invested into the Schroder target Fund and a maximum of 20 per cent of the Fund’s NAV into money market instruments, deposits and/or liquid assets.