RHB Asset Management (RHBAM), a wholly-owned subsidiary of RHB Investment Bank, has launched the RHB-OSK Entrepreneur Fund, a collaboration between RHBAM with Tokio Marine Asset Management International.

 

The equity and growth fund will invest in securities of companies that possess entrepreneurial characteristics. Among the selection criteria are companies with management ownership of at least more than five percent, companies with low valuation, strong growth and low gearing.

 

Eliza Ong, managing director and regional head of group asset management of RHB Asset Management, said “The RHB-OSK Entrepreneur Fund targets companies that have shown relatively high resilience during the global financial crisis as well as a good track record in recovering from it. Hence, there is a lot to be gained from investing in entrepreneur driven companies. Through the fund, our investors will be able to enjoy consistent capital growth to meet their investment needs. We are also looking at the possibility of introducing the RHB-OSK Entrepreneur Fund in Singapore and Hong Kong in due course”.

 

Investors will have the opportunity to ride on Japan and Asia’s structural growth where the fund’s portfolio will consist of at least 50% of investments in securities of companies listed in Japan. Tokio Marine Asset Management International is the investment adviser for the securities invested in companies listed in Japan.



The remainder of investments in securities comes from other Asian countries such as Hong Kong, China, South Korea, Taiwan, India, Indonesia, Thailand, Singapore, Philippines and Malaysia.

 

The RHB-OSK Entrepreneur Fund will invest between 70%-98% of its net asset value (NAV) in securities of companies listed on the stock exchange of Japan and other Asian markets. Meanwhile, between 2%-5% of its remaining NAV will be invested in liquid assets including money market instruments and deposits.

 

The fund was offered for subscription on  October 14 2014 with a minimum investment of 1,000 ringgit with each unit costing 0.50 ringgit , during the 21-day initial offer period until November 3 2014. All additional units can be purchased at a minimum of 100 ringgit.