Malaysia-based Affin Hwang Asset Management has unveiled two new investment solutions namely the Affin Hwang Select Asia Pacific Balanced Fund (SAPBF) and Affin Hwang Select Asia Pacific Dividend Fund (SAPDF).
SAPBF will invest 40-60% of the Net Asset Value (NAV) in equities and 40-60% in fixed income instruments. It seeks to provide growth through a diversified portfolio, reported BERNAMA.
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Additionally, SAPDF will invest in dividend yielding equities and those equities that could in the medium term (within three years or less) start paying high dividends or substantially increase the existing dividend payout.
Over a three-year rolling period, SAPBF and SAPDF will target an annualized return of 8-10% per annum and 10- 12% per annum respectively.
Chan Ai Mei, chief marketing officer of Affin, said: "Investors are still seeking returns on their investments and are on the lookout for solutions that can capture the opportunities in the Asia Pacific region that can pay dividends regularly and consistently.
"Southeast Asian countries such as Indonesia and the Philippines benefit from the demographic dividend which would drive domestic consumption and financial intermediation, while India, Indonesia and Malaysia are undergoing reforms," she added.
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