AmInvest Unveils Malaysia’s First Robotech Fund
AmInvest has launched Malaysia’s first robotech feeder fund1, which will invest into AXA World Funds-Framlington Robotech (the “Target Fund”) to gain exposure to growth companies across the world within the robotics and robotics-related technology sector. AmInvest’s Robotech Fund (the “Fund”) is a wholesale fund, which offers capital appreciation over a long-term investment horizon and portfolio diversification through exposure in the global equity market. The Fund’s holdings are diversified across key applications in which robo-technology plays a role including industrial automation, transportation, healthcare and manufacturing.
“We are excited to present our investors the opportunity to capitalise on the global robotech revolution in an uncrowded space. The technology and robotics market is expected to grow by 10% to 15% annually until year 2025, which underpins the launch of this Fund. AmInvest has a long history and track record in providing innovative and first-to-market equity funds such as AmAsia Pacific REITs, AmASEAN Equity, Precious Metal Securities and AmSchroders European Equity Alpha,” said Ms Goh Wee Peng, Acting CEO, AmInvest.
The Fund feeds into the Target Fund, i.e., AXA World Funds-Framlington Robotech, which is managed by AXA Investment Managers UK Limited (the “Investment Manager”).
The Target Fund selects about 50 fast-growing companies to build a global portfolio that is diversified across markets and sectors. The Target Fund’s portfolio offers investors access to global robotics companies with exposure to industrial automation, driverless vehicles, robotics-assisted surgeries and artificial intelligence. As at end June 2018, the Target Fund’s main stocks include Amazon, Alphabet, Apple, Siemens and Infineon Technologies2.
The base currency of the Fund is in US Dollar. The Fund offers subscriptions in Ringgit Malaysia and US Dollar, with a minimum initial investment of RM5,000 or USD5,000 respectively. Investors can subscribe to the Fund at an offer price of RM1 or USD1 per unit during the Fund’s initial offer period until 28 August 2018. The Fund is distributed by AmBank (M) Berhad, AmPrivate Banking of AmInvestment Bank Berhad, Philip Mutual Berhad and iFAST Capital Sdn Bhd.
For more details on the Fund’s features and risks, please refer to AmInvest Information Memorandum dated 8 August 2018 for Robotech Fund via www.aminvest.com.
1 Based on data compiled by Lipper, a Thomson Reuters company, on the funds launched on or before 27 July 2018 in Malaysia. The list of funds was filtered according to the criteria comprising Active Primary Funds; Domicile: Malaysia; Asset Universe: mutual funds, pension funds and ETFs. The list of funds was searched for keywords that contain the words “technology”, “robot”, “robotic” and “robotech”.
2 Based on information on Main Stocks, AXA Investment Managers Asia Limited as set out in the Target Fund’s Monthly Report dated 29 June 2018.