The fund is launched in association with Japan’s Tokio Marine Asset Management International, which will be the investment adviser for Japan investments.
The Malaysia-based fund house said it has plans to launch the RHB-OSK Entrepreneur Fund in Singapore and Hong Kong also in due course.
Eyeing the structural growth story in Japan and Asia, the fund will have at least 50% of its investments made in Japan companies. The rest of the investments will be held in Asian countries such as Hong Kong, China, South Korea, Taiwan, India, Indonesia, Thailand, Singapore, Philippines and Malaysia.
In terms of asset allocation, 70-98% of the assets will be invested in Japan and other Asian companies. Allocation to liquid assets including money market instruments and deposits will be maintained at 2-5%.
The stock selection criteria would be companies that have management ownership of more than 5% with a strong growth potential, low valuation, and low gearing.
“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,” Eliza Ong, managing director of RHB Asset Management said.
The units of the fund are available with a minimum sum of MYR1000 during the initial offer period that is open from 14 October until 3 November. Additional purchases will be in minimum of MYR100.
A look at the performance of category of equity funds investing in Asia including Japan from Hong Kong, Singapore, and offshore universe as against the MSCI AC Asia Index:
