AmInvest Introduces Advantage Global High Income Bond
L-R: Mr Alex Tan, Senior Vice President, Retail And Retirement Funds, AmInvest, Ms Goh Wee Peng, Acting Chief Executive Officer, AmInvest and Mr Brian Dunnet, Head, Product Specialists, Emerging Market Debt And Global Credit, HSBC Global Asset Management at the launch of Advantage Global High Income Bond.
AmInvest today introduced its latest fund, Advantage Global High Income Bond (“Fund”) for Sophisticated Investors1 seeking income, long term capital growth and global bond exposure in their investment portfolios.
The Fund is a wholesale feeder fund that feeds into HSBC Global Investment Funds – Global High Income Bond (“Target Fund”) registered in Luxembourg. The Target Fund won the Benchmark Fund of the Year Award 2016 organised by BENCHMARK magazine, a publication by Wealth Asia Media based in Hong Kong.2
To meet its investment objectives, the Fund will invest primarily in the Target Fund which investments focus on a diversified portfolio of fixed income securities and other similar securities from around the world denominated in a range of currencies. The Fund’s investment exposure will include the United States, Europe and emerging markets.
“Our new offering provides investors the breadth in geographical coverage and easy access for portfolio diversification into global bond investments. Investors in search of regular income can also consider expanding their investment portfolios to include this Fund for potential income distribution of up to four times3 a year. In addition, market trends continue to indicate investors seeking sustainable income streams during times of prevailing market uncertainty particularly through fixed income investments. As such, we are optimistic the demand for the Fund could achieve a subscription of around MYR100 million within the year,” said Goh Wee Peng, Acting Chief Executive Officer of AmInvest.
The Target Fund is actively managed to capture value4 through its diversified global bond exposure5 that strives to unlock value in low interest rate environments. The Target Fund Manager’s dedicated credit research team will analyse4 and select investment grade and quality high yield bonds (i.e. BBB and BB-rated bonds6) to meet this objective.
Commenting on the launch, Puneet Chaddha, Chief Executive Officer Singapore & Head of South East Asia, HSBC Global Asset Management said, “As one of the leading asset managers in Asia, HSBC Global Asset Management is committed to helping investors in the region including ASEAN achieve growth. As investors in Malaysia look to diversify their portfolios into global asset classes including fixed income, HSBC is well positioned to help connect them with investment opportunities around the world leveraging our strong global presence and unparalleled fixed income expertise.”
Advantage Global High Income Bond fund has an offer period of 21 days until 21 August 2017. The base currency of the Fund is in United States Dollar (USD) and it is offered for subscription in Malaysian Ringgit (MYR) and USD currency classes at an initial offer price of MYR1.00 and USD1.00 per unit respectively. Units of the Fund can be purchased at any HSBC Bank Malaysia Berhad’s branches nationwide.
For more details of the features and risks of the Fund, please refer to the Information Memorandum for Advantage Global High Income Bond dated 20 July 2017 via www.aminvest.com.
AmInvest is the brand for the funds management business of AMMB Holdings Berhad which manages both conventional and Shariah-compliant funds. It is a multiple award-winning funds management house based in Malaysia with more than 35 years of investing experience. To date, AmInvest manages unit trust funds, wholesale funds, institutional mandates, exchange-traded funds (ETF) and Private Retirement Scheme (PRS) funds, encompassing both conventional and Shariah-compliant funds.
1 For the definition of the term ‘Sophisticated Investors,’ please refer to Information Memorandum for Advantage Global High Income Bond dated 20 July 2017.
2 Extracted from HSBC Global Asset Management as at 31 March 2017, www.fundawards.asia/hk and www.wealthasia.net as at 20 June 2017. Data extracted 20 June 2017.
3 Refers to the frequency of Advantage Global High Income Bond’s (”Fund”) potential income distribution which is subject to the availability of income. Income distribution amount (if any) for each of the Class could be different subject to the sole discretion of the Manager.
4 Based on the Target Fund’s investment strategy, provided by HSBC Global Asset Management. The Target Fund is HSBC Global Investment Funds – Global High Income Bond.
5 HSBC Global Asset Management as at 30 June 2017. Data extracted 4 August 2017.
6 Credit ratings displayed for the Fund are based on the same rating methodology as the Barclays Index, and are expressed in Standard & Poor’s (S&P) nomenclature. S&P rates securities from AAA (highest quality) to C (lowest quality) with BBB and above being called investment grade securities. BB and below are considered below investment grade.
For media enquiries, kindly contact Nancy Chow, Senior Vice President, Corporate Communications, Marketing, & Global Business Development, AmInvest at tel: 03-2036 1881 or email firstname.lastname@example.org
In preparing this material, AmFunds Management Berhad has relied upon the accuracy and completeness of relevant information available from HSBC Global Asset Management. AmFunds Management Berhad does not warrant the accuracy, adequacy, timeliness or completeness of the information obtained from HSBC Global Asset Management or other public sources for any particular purpose, and expressly disclaims liability for any error, inaccuracy or omission. Investors may refer to HSBC Global Asset Management for confirmation of the information provided. AmFunds Management Berhad and its employees shall not be held liable to you for any damages, losses / profits or for any investment decision that you have made by relying on the content or information in this material. You shall assume full responsibility for your use of any content or information in this material and waive all your rights (if any) against AmFunds Management Berhad. The information contained in this material is for general information only and does not take into account your individual objectives, financial situations or needs. You should seek your own financial advice from a licensed adviser before investing. You should be aware that investments in the unit trust fund carry risks. An outline of some of the risks is contained in the Information Memorandum for Advantage Global High Income Bond dated 20 July 2017 (“Information Memorandum”). The specific risks associated with the Fund are risk of a passive strategy, risk of not meeting the Fund’s investment objective, currency risk, income distribution risk and liquidity risk as contained in the Information Memorandum. Please also refer to the specific risks of the Target Fund before investing. Unit prices and income distribution, if any, may rise or fall. Past performance of a fund is not indicative of future performance. Please consider the fees and charges involved before investing. Units will be issued upon receipt of completed application form accompanying the Information Memorandum and subject to terms and conditions therein. Investors are advised that following the issue of distribution, the NAV per unit will be reduced from cum-distribution NAV to ex-distribution NAV. You have the right to request for a copy of Product Highlights Sheet for the fund. You are advised to read and understand the contents of the Product Highlights Sheet and Information Memorandum before making an investment decision. The Information Memorandum has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. You can obtain a copy of the Product Highlights Sheet and Information Memorandum at www.aminvest.com. AmFunds Management Berhad (154432-A) does not guarantee any returns on the investments. In the event of any dispute or ambiguity arising out of the other language translation in this material, the English version shall prevail. The Privacy Notice can be accessed via www.aminvest.com and made available at our head office.