KUALA LUMPUR, Oct 20 — Affin Hwang Asset Management Bhd (Affin Hwang AM) has launched the Affin Hwang World Series – Global Disruptive Innovation Fund, a wholesale feeder growth fund that provides access to vast growth opportunities created by disruptive innovation.
Chief marketing and distribution officer Chan Ai Mei said unlike other generic technology funds available in the market, the newly-launched fund would allow investors to truly participate in cutting-edge innovation that could potentially change the way the world works.
“These include high-conviction ideas in the areas of robotics, artificial intelligence, DNA sequencing, energy storage and blockchain,” she said in a statement today.
Affin Hwang AM said the fund would feed into a collective investment scheme, namely Nikko AM ARK Disruptive Innovation Fund (Target Fund), which is managed by Nikko Asset Management (Target Fund Manager).
ARK Investment Management, a strategic partner of the Nikko AM Group, acted as the investment adviser for the strategy.
To achieve its investment objective, the fund would invest a minimum of 80 per cent of its net asset value (NAV) into the Target Fund and a maximum of 20 per cent of its NAV into money market instruments, deposits and/or cash.
“The fund is available to sophisticated Investors who seek capital appreciation, have a medium to long-term investment horizon and have a high risk tolerance,” added Affin Hwang AM.
— Bernama
