Maybank Asset Management expands its ESG product offerings with the launch of the Maybank Global Sustainable Technology Fund, a qualified Sustainable & Responsible Investment (SRI) fund under the guidelines on Sustainable and Responsible Investment Funds.
As the asset management firm’s first sustainable technology fund, its main aim will be to achieve capital appreciation by investing primarily in a portfolio of global technology-related equities with Wellington Management Singapore Pte Ltd as its Fund Investment Adviser.
To achieve its investment objective, the Fund will invest a minimum of 80% of the Fund’s net asset value (NAV) into global equities and equity-related securities and a maximum of 20% of the Fund’s NAV into collective investment schemes and/or liquid assets.
The Fund will invest directly or indirectly through collective investment schemes such as exchange-traded funds in equities and equity-related securities including but not limited to warrants, American Depositary Receipts and Global Depositary Receipts of technology-related companies worldwide.
ESG considerations will play a key role in how Maybank Asset Management and the Investment Adviser will evaluate the Fund’s investments. As the Fund is a qualified SRI fund, the investments will be subject to ESG integration methodologies. Hence, the Fund will adopt a unique investment approach that integrates active management and ESG considerations in a complementary manner.
Maybank Asset Management CEO Ahmad Najib Nazlan said, “Technology has always been the key driver of new innovations and experiences in our evolution.
“The pandemic impacted business and society and at the same time accelerated fresh thinking and ideas, and demand for new technology solutions. These breakthroughs will transform society and sectors such as businesses, manufacturing and production, science, medicine through automation, engineering, IoT, AI machine learning and much more.
“It is a very exciting period in the tech sector, and our new fund offers savvy investors the platform to mine opportunities by investing in a suite of sustainable tech companies,” he added.
Leveraging on Wellington Management’s capabilities, Maybank Asset Management’s fund managers are able to cover a diverse investment portfolio within the tech segments of Information Technology Services and Payment Processors, Tech Hardware and Equipment, Semiconductors and Semiconductors Equipment, Internet and Gaming, and Software.
Tech sector is expected to grow faster versus the global economy to drive growth in the next few years. Despite challenging global markets in 2020, the technology sector outperformed market expectations.
As at 30 November 2020, the MSCI World Information Technology Index year-to-date (YTD) returns at 41.6% easily surpassing the MSCI World and MSCI All Country World Index YTD returns at 14.5% and 15% respectively.
The Fund is suitable for Investors who have a long-term investment horizon, seek capital growth and are willing to tolerate the risks associated with investing in a portfolio of global equities in the technology sector.
The Base Currency of the Fund is in USD. The Fund is offered in three currency classes, namely USD Class, MYR Class and MYR-Hedged Class. The minimum investment amount is RM1,000 for MYR and MYR-Hedged Class and US$1,000 for USD Class.