Regional Expert Schroders Appointed To Manage HLG Asia-Pacific Dividend Fund
Global fund manager Schroders has officially been appointed as the external foreign investment manager of HLG Unit Trust Bhd’s new HLG Asia-Pacific Dividend Fund. The investment management agreement was signed today by HLG Asset Management Sdn Bhd and Schroder Investment Management (Singapore) Ltd during the official appointment ceremony held in conjunction with the launch of HLG Asia-Pacific Dividend Fund.
The appointment will allow the HLG Asia-Pacific Dividend Fund to leverage on Schroders’ regional presence due to their network of locally-based fund managers and research analysts. In Asia, Schroders have been managing client assets for decades. They have a network of 9 offices, 7 Asia-Pacific ex Japan equity portfolio managers and 21 research analysts covering more than 2700 company visits in 2004.
The signing ceremony took place in conjunction with the launch of the HLG Asia-Pacific Dividend Fund. The agreement was signed by Mr. Richard Lin, Executive Director and CEO of HLG Asset Management Sdn Bhd and Mr. Murray Coble, Managing Director of Schroders for South Asia. The fund was also later jointly launched.
"We are confident that with our appointed fund manager Schroders regional advantage and track record, the fund would be able to provide investors an access to the dynamic Asia-Pacific with potentially attractive returns,” said Richard Lin, Executive Director and Chief Executive Officer of HLG Asset Management Sdn. Bhd.
Schroders Singapore, a wholly-owned subsidiary of Schroder Plc, is the Schroder Group’s centre of excellence for managing Asia Pacific ex Japan investment portfolios.
Schroders is an independent international asset management and private banking group, with more than 200 years experience in financial service and over USD209 billion under management as at 30 September 2005.
With almost 300 portfolio managers and analysts as at 31 December 2005 covering the world’s investment markets in Europe, the Americas, Emerging markets and Asia-Pacific, Schroders have one of the largest global networks of offices dedicated to asset management.
The HLG Asia-Pacific Dividend Fund, launched today, is designed for investors who are seeking stable investment returns and a greater diversification in their investment holdings through regional exposure from countries in the Asia-Pacific region, excluding Japan. It is also suitable for investors seeking the potential for medium-to-long term capital appreciation from countries in the Asia-Pacific region, excluding Japan.
The HLG Asia-Pacific Dividend Fund has a total approved fund size of 500 million units priced at RM 0.50 per unit during the initial offer period (from February 28 2006 till March 20 2006). Minimum initial investment for HLG Asia-Pacific Dividend Fund is RM 1,000 while the minimum additional investment is RM 100.
Available immediately, HLG Asia-Pacific Dividend Fund is distributed through both HLG Unit Trust Bhd’s agency force as well as Institutional Unit Trust Agents (IUTA). HLG Asia-Pacific Fund is available through selected HLG Unit Trust Bhd’s existing IUTAs namely, Hong Leong Bank Berhad, HSBC Bank Malaysia Bhd, United Overseas Bank (Malaysia) Bhd, Standard Chartered Bank Malaysia Berhad, Affin Bank Berhad and Commerce International Merchant Bankers Berhad.
About HLG Unit Trust Bhd
Incorporated on October 5 1994, HLG Unit Trust Bhd is an established unit trust management company, and a member of the Hong Leong Group Malaysia. Its core business is the management of unit trust funds.
Here at HLG Unit Trust Bhd, everything we do reflects our tagline “Making Opportunities Work”. Making opportunities work is central to what we do. In the world of investment, it is all about being able to spot the right opportunities and at HLG Unit Trust Bhd, we strive to make them work for our investors.
Today, the company manages 17 unit trust funds, which are distributed nationwide through multiple channels. Direct and channel distribution activities are supported by the HLG Unit Trust Bhd’s strategic nationwide sales support infrastructure. This includes our headquarters in Kuala Lumpur and six sales support offices nationwide in Kuala Lumpur, Ipoh, Penang, Johor Bahru, Kuching and Kota Kinabalu.
As at December 31 2005, HLG Unit Trust Bhd has a combined total fund size of RM 1.71 billion.About Schroders
About Schroders
Schroders is an independent international asset management and private banking group, with more than 200 years experience in financial service and over USD209 billion under management as at 30 September 2005.
With almost 300 portfolio managers and analysts as at 31 December 2005 covering the world’s investment markets in Europe, the Americas, Emerging markets and Asia-Pacific, Schroders have one of the largest global networks of offices dedicated to asset management.
Schroders has committed significant resources to the Asia Pacific region and has been managing client assets in Asia since the 1970s. One of Schroders strengths is the depth of their local investment and research resources, evidenced by a network of 9 offices in the Asia Pacific Region, 7 Asia-Pacific ex Japan equity portfolio managers and 21 research analysts (as at 31 December 2005) covering more than 2700 company visits in 2004.
For further clarification, kindly contact:
Christine Ang Bee Leng
Head of Marketing & Communications
Tel: 603-2733 2500 / 28 Ext: 6843
Mobile: 012 2010 302
Email: blang@hlgs.hongleong.com.my
Or
Michelle Wong
Marketing & Communications Executive
Tel: 603: 2733 2500 / 28 Ext: 6305
Email: hlwong@hlgs.hongleong.com.my