KUALA LUMPUR: Maybank Asset Management Group Bhd (MAMG), together with US-based BNY Mellon Investment Management today launched the MAMG Asia Rising Stars Fund – its first feeder fund to offer retail investors access to invest in Asian small cap companies.
The feeder fund aims to maximise investment returns by investing in a target fund called BNY Melon Asia Rising Stars Fund.
Launched in January 2017, the target fund focuses on companies with a market capitalisation below US$5 billion and seeks to provide capital growth by investing in Asian small cap companies that are listed on Asian exchanges, including Japan.
Speaking at the launch ceremony here today, MAMG CEO Badrul Hisyam Abu Bakar said the asset management firm remains positive on the outlook for small cap stocks in Asia as the region is benefitting from robust growth rates, as well as structural reforms and a cyclical upturn in Japan.
Investors can access the fund at Maybank branches nationwide, with a minimum initial investment purchase of RM1,000 and additional investment at a minimum amount of RM100.