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Maybank AM targets Singapore retail investors

The firm intends to launch a balanced fund for retail investors in the Lion City.

Maybank Asset Management in Singapore is awaiting for approval from the Monetary Authority of Singapore for it to launch its Asian Growth and Income Fund, according to the regulator’s records.

The fund is expected to launch in January, according to the prospectus.

The product, which is a balanced fund, will invest around half of its assets in the firm’s Asian Equity Fund and the other half in the Maybank Asian Income Fund, the prospectus reads, noting that it has a limit to invest up to 70% in either funds if the manager deems appropriate.

The product will be managed by Robin Yeoh, who also manages the Asian equity fund, and Judy Leong, who manages the Asian Income Fund.

The equity and fixed income funds, which were launched in 2014, are the only mutual funds that Maybank AM is offering to Singapore’s retail investors, according the firm’s website.

It also has restricted schemes, or products that are only available to Singapore’s accredited investors, which include an Asia ex-Japan long-short equity fund and an Asia total return bond fund, according to the website.

Separately, the firm partnered with Schroders last month to launch products for Malaysia’s high net worth segment.

Malaysian-headquartered Maybank Asset Management has offices in Malaysia, Singapore and Indonesia. As of the end of September, it managed around RM 33.7bn ($8.04bn) in assets.

The Asian income and Asian equity funds vs their respective sectors


Source: FE. In US dollars, three year performance to December 17 2018.

Part of the Mark Allen Group.